• Fuel Oil Market Intelligence | Price, Forecast, Cost Models, Market Analysis

Fuel Oil Market Description

The fuel oil market size is expected to decline at a CAGR of 4.08 percent by 2020. Health and environmental concerns related to the high sulfur content of residual fuel oil have led to new policies and regulations that have significantly lowered expectations for future residual fuel oil use globally. The share of the petrochemicals sector is forecast to increase from the current 13 percent to 15 percent by 2040.

The report provides an extensive analysis of the key price drivers, supply-demand trends and trade dynamics of global fuel oil manufacturers in North America, Europe, APAC, LATAM, Africa and the Middle East. It further discusses Porter's Five Forces Analysis and presents a Fuel oil price trends analysis in North America, Europe, APAC and LATAM regions. The report includes an in-depth study of the fuel oil companies such as ExxonMobil, Royal Dutch Shell, and British Petroleum along with their SWOT analysis.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Regional market outlook- North America, Europe, APAC, LATAM, Africa, Middle East
Cost Structure Analysis
Price Forecast- North America, Europe, APAC, LATAM, Africa
Key Global Supplier Profile

Fuel Oil Market Trend, Analysis & Forecast

Category Intelligence on Fuel Oil covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Fuel Oil Global Market Outlook

The global fuel oil supply stands at 6.574 Mbpd
The global fuel oil demand stands at 4.769 Mbpd
Demand is expected to drop at a CAGR of 4.08 percent until 2020

Fuel Oil Demand Market Outlook

IMO regulations will have the effect on prompting the switch among users from fuel oil to diesel
The electricity sector is moving away from fuel oil, and this is expected to lessen the demand of fuel oil
Large reductions in residual fuel oil demand are likely to occur from the decreased use of fuel oil for power generation and space heating
The shift from fuel oil-based heating in ships by 2020 is estimated to leave a vast amount of excess heavy fuel oil, which will be available, most likely at a hefty discount

Global Market Size - Fuel Oil

The market size is expected to decline at a CAGR of 4.08 percent from 2018 to 2020
Fuel oil is the only petroleum product, whose demand is expected to fall in the long term
Health and environmental concerns related to the high sulfur content of residual fuel oil have led to new policies and regulations that have significantly lowered expectations for future residual fuel oil use globally

Global Capacity–Demand Analysis

The demand for HFO is forecast to decline over the next two years because of the trend toward greater use of natural gas for power generation
Regulations toward the use of cleaner fuels in the shipping industry will also bring down the demand for HFO
Refinery output for fuel oil is expected to decrease 4.08 percent between 2018 and 2020

Demand Outlook

Large reductions in residual fuel oil demand will likely come from decreased use of fuel oil for power generation and space heating
In the power sector, the cost of pollution controls, maintenance, and RFO heating often offset the lower cost of fuel oil when compared to natural gas and other more expensive fuels. Consequently, power sector demand for RFO, especially in industrialized countries, is expected to decrease.
Saudi Arabia has been one of the few countries that has increased its fuel oil intake, largely because they have realized how uneconomical it is to use their own crude oil for power use

Supply Outlook

New refining capacity is concentrated in locations, where demand is growing, notably the APAC
The supply is estimated to decrease, due to the lower demand in fuel oil. This is caused, mainly due to the stringent environmental policies that are being followed globally
IMO sets a 0.50 percent limit (maximum) of the sulphur content in respect of all fuel oils used by any type of combustion machinery outside Emission Control Areas from 1 st of January 2020, down from 3.50 percent m/m currently