The analysis projects a 2019 recovery in oil demand from quite slow growth in 2018 due to weak demand in China and demand contractions in the Middle East and Latin America. After recovering in 2019, however, oil demand growth will decelerate in 2020. In the midst of this deceleration, the reduction in sulfur content of bunker fuels will result in a dramatic shift in consumption from high sulfur fuel oil to low sulfur marine gasoil.
