ESAI: Refinery expansions overwhelms rising gasoline, diesel demand

Oil & Gas Journal: In its latest Global Fuels Outlook, ESAI Energy projects global demand for transportation fuels to rise by more than 1 million b/d in 2019 after increasing by just 800,000 b/d in 2018. This acceleration will be driven by a recovery in gasoline and diesel demand growth.

Gasoline demand growth will more than double next year, ESAI Energy said. The turnaround in the gasoline market will be particularly pronounced in Brazil and China. In Brazil, where gasoline demand has fallen by roughly 100,000 b/d this year because of an increase in hydrous ethanol (E100) due to favorable economics, demand is expected to return to growth next year.

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