Oil seen down 10.4%, jet fuel down 31%, road fuel down 10.5% in 2020 – Saudi Gazette

Oil seen down 10.4%, jet fuel down 31%, road fuel down 10.5% in 2020 – Saudi Gazette

May's road fuel demand is now estimated at 38.0 million bpd from 47.4 million bpd last year, down by almost 20%.Jet fuel demand:Among the various fuel sectors, we expect jet fuel to be hit the hardest.. We now see global jet fuel demand falling by almost 31% year-over-year, or by at least 2.2 million bpd.. Last year's demand for jet fuel was seen at about 7.2 million bpd.. Jet fuel demand in April will be as low as 2.6 million bpd and 2.4 million bpd in May.Regional demand figures:Total oil demand in the United States for 2020 is now forecast to fall by 2.1 million bpd to 18.4 million bpd, a 10.2% decline from 2019's 20.5 million bpd.. April will see a decline of 29.4%, with demand falling from 20.1 million bpd to 14.1 million bpd.. Total oil demand in China for 2020 is now forecast to fall by 1.2 million bpd to 12.5 million bpd, a 8.6% decline from 2019's 13.7 million bpd..