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Oil

Infographic: Global refining in logjam as lockdowns slash demand for fuels

Commodities | Electricity | Energy | Renewables | Energy Transition | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Metals | Steel | Raw Materials | Petrochemicals | Polymers | Coronavirus | Corporates

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Agriculture | Biofuels | Electric Power | Renewables | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Coronavirus

FEATURE: Neste to close Naantali as refinery closures in Europe gather pace

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Infographic: Global refining in logjam as lockdowns slash demand for fuels

Global refining outages have surpassed 14 million b/d and are expected to get worse as coronavirus lockdowns sideline up to 25% of global oil demand and storage tanks fill to capacity.

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April and May will likely see the worst of the demand impact, with declines expected to be around 16 million b/d, according to S&P Global Platts Analytics. Other forecasters predict a more acute demand collapse of more than 25 million b/d. Jet and gasoline have been the most negatively affected fuels and refiners have responded by shifting yields to maximize diesel production.

Click here to follow up on run cuts with this Refinery News Roundup

The following is a snapshot of where the biggest refining run cuts are being felt.

Click here to see full-size image