Naphtha is any of various volatile, highly flammable liquid hydrocarbon mixtures, made from distilled petroleum. It is used chiefly as solvents and diluent to make high octane gas, as raw materials for conversion to gasoline, and cleaning metals. The demand for Naphtha is expected to surpass 6.5 mb/d in 2020.
A middle distillate and form of heating oil used primarily in internal combustion engines such as vehicles and trucks. One of the most actively traded oil products, gasoil is the underlying in a key International Petroleum contracts.The estimations show that the demand for gasoil will reach to 30 mb/d at the end of 2020.
Fuel oil, which is distilled from crude oil and often left as residue during the refining process, refers to a range of the least volatile and heaviest of the commercially used fuels i.e., heavier than gasoline and naphtha. It is also known as heavy oil, marine fuel or furnace oil. The trend of consumption and environment related issues in the past years assume the demand of 6.7 mb/d for the fuel oil in 2020.
Jet A1, a type of aviation fuel, is a mixture of a variety of hydrocarbons and often contains different additives to detract the risk of icing or explosion due to high temperature of engines. The most commonly used Jet A and Jet A-1 are produced to a standardized international specification. The current estimations show that Jet A1 will be demanded about 7.5 mb/d at the end of 2020.
Gasoline and Gasoline blend stock
Gasoline or petrol is a derivative product of crude oil/petroleum. It is derived during fractional distillation process and has a translucent liquid form. It's not used in its crude form. Different additives are added like ethanol to use it as fuel for passenger vehicles. The demand for gasoline is expected to be 26.6 mb/d in 2020.