One of the most profitable branches of the world economy, and also an extremely sensitive litmus test of geopolitics. Many factors influence its shape and functioning. What will affect the development of the fuel market in the future?
– Speaking of changes in the global fuel market, we must take into account its diversity – sums up the fuel market expert, President of OROTAL Jarosław Bronowski. – Regardless of the model of analysis, three main factors driving change will come to the fore: ecology, economy and growing demand – he adds.
Caring for the environment
To meet the need to reduce the level of smoke pollution, international organizations place great emphasis on the implementation of fuel solutions that directly affect air quality. The proposed solution is to limit the sulphur content in commonly used diesel fuels. A good, recommended practice is to use 10 ppm ULSD oil, which has exhaust purifying properties. The demand to reduce the impact of diesel fuels on the environment will be systematically growing, which will translate into the implementation of further ecologically beneficial solutions in the near future, which may replace gasoline 95 unleaded and gasoline 98.
Cost optimization
Can oil-powered factory machines work even more efficiently? This is a question that specialists in the industrial fuel market have been asking themselves for years. A reduction of fuel consumption directly translates into a significant reduction in production costs. The introduction of oils with increased working efficiency will allow better management of processes, for example during power generation, steel production or in the mining industry.
Meeting demand
It is expected that in the next ten years the consumption of diesel fuels will systematically increase. For many years, none of the alternative energy sources will gain an advantage over oil. The economies of developed countries assume a gradual tilting of the scales towards gas. Developing countries will easily take up the fuel resources freed up in this way. Forecasts show that the economies of China or India can generate much greater demand for fuels than the previously recognized markets. This will be influenced by branches of the economy related to industry, land transport and above all air transport, generating demand for jet fuels (Jet 54 and Jet 55 fuels).
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