Weather Forecast for Sunday    Islamic Affairs Ministry Launches King's Program for Iftar in Senegal    China Reports 10 New COVID-19 Cases vs 14 A Day Earlier    Fish, fest and feast    Brazil Records 2,616 COVID-19 Deaths on Saturday, More Than 71,000 Cases    Japan's Total Number of COVID-19 Cases Top 500,000    L&T wins Green EPC order to establish one of world's largest solar PV plants by capacity    Permian oil output set to grow in Q2 as fracking reaches 12-month high    Saudia discusses preparations for resumption of international flights next month    KACND launches National Dialogue Award to promote tolerance, coexistence and cohesion    UAE joins Jordan's celebrations of 100 years since founding    IATA Renews International Accreditation of Saudi Academy of Civil Aviation    Alkhair Capital becomes first Saudi financial institute with offices in KAFD    MoH expands first dose appointments, postpones second dose until further notice    Imam Abdulrahman bin Faisal University Obtains ISO for Implementing Quality Management System    Critical COVID cases cross 900 as Saudi Arabia reports 878 new infections    The more you learn, the more you earn: Education and poverty alleviation in Thailand    Saudi Arabian Football Federation is Ready to Host AFC Champions League Groups    Three Bocellis and many instruments in a celebration of life at Hegra    President of Arab Parliament Values Saudi Arabia's Initiatives to Support Stability and Confront Iranian Interferences in the Region    KSrelief Launches Ramadan Food Baskets Distribution Project in Marib, Yemen    Top athletes praise Abu Dhabi jiu-jitsu event after thrilling final day    SFDA launches awareness campaign on dangers of doping    More than 7 million visitors to Maqra' Al-Haramayn    Arab Parliament Affirms Importance of Saudi Arabia's Security As Strategic Depth for Arabs    Aramco signs $12.4 billion investment deal with EIG EIG-led consortium to acquire 49% equity stake in Aramco Oil Pipelines Company    SFDA Launches Awareness Campaign on Dangers of Doping    Saudi Arabia Chairs Preparatory Meeting for World Telecommunication Development Conference    President of IsDB Meets with Chinese Ambassador to Saudi Arabia    Japanese doctors perform world's first living donor lung transplant to a Covid-19 patient    UAE athletes produce a performance for the ages with medals galore    Gary Player unveiled as newest Golf Saudi ambassador    Our dislikes and desires!    Long fingernails break Guinness World Records title before cut    King Salman Center for Disability Research Launches 2nd Edition of its Story Collection (Awareness)    Extreme E the 3rd World Race Organized by Saudi Arabia in 2021    Saudi Sports Company Signs Contract to Broadcast Major Competitions for Saudi National Teams, Clubs    Riyadh Light Witnesses Conclusion of External Artworks    Colored Triangles Decorate Conference Building, at King Abdullah Financial Center    Riyadh Light Turned the Capital into Lights' Aura    Vaccination does not invalidate fasting, says UAE Fatwa Council    It is high time to correct wrong concepts about women's status    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Court facilitates young woman's marriage after stripping father's guardianship    Bahrain's top Islamic body condemns attempts to insult Muslim symbols    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

24% reduced demand for gasoline during the curfew
Published in The Saudi Gazette on 27 - 02 - 2021

Anwar Gasim, a researcher in the Climate and Environment Program at the King Abdullah Petroleum Studies and Research Center (KAPSARC), revealed that the demand for kerosene decreased by 46% and gasoline by 24% in March 2020 compared with the same month in 2019, due to the COVID-19 restriction measures that Saudi Arabia had taken in that month.
He explained to the Al-Watan newspaper that the demand for liquefied petroleum gas (LPG), diesel, fuel oil and other oil products did not change during that period. LPG is used in the residential sector and in bakeries as cooking gas, and in the petrochemical sector as feedstock.
Fuel Oil
The researcher indicated that the demand for fuel oil, which is used in power generation, thermal desalination, industrial manufacturing, and international shipping, had increased by 20% in April 2020 compared with the same month in 2019, due to the increased consumption of producers, such as the Saline Water Conversion Corporation (SWCC), and independent water and power producers (IWPPs).
The demand for other oil products increased by 19% in April 2020 compared with the same month in 2019, despite the increased precautions to fight the pandemic in April 2020. Gasoline witnessed a decrease by 57% and kerosene by 88% compared with the same month in 2019.
Domestic Flights
The researcher's analysis showed that the decision to resume domestic flights in June 2020 had led to an increase in the demand for kerosene in that month to 1.0 million barrel (MMb) compared with 0.7 MMb in May and only 0.4 MMb in April 2020.
Total Demand for Oil Products
He revealed that the total demand for oil products was 172.8 MMb in Q2 2020 compared with 196.6 MMb in Q2 2019, due to the COVID-19 restriction measures.
In a recent report, KAPSARC assessed the COVID-19 pandemic's effects on six key categories of secondary oil products, which include LPG, gasoline, kerosene, diesel, fuel oil, and other petroleum products, during the past year in Saudi Arabia.
The Center aimed to study the pandemic's impact on various economic aspects. Last year, it published more than 15 Instant Insights to highlight the implications of COVID-19 at the local and global levels.
This commentary seeks to examine the impact of the measures taken by Saudi Arabia to limit the spread of the virus on the rates of the demand for oil products, and how they contributed to reduce the demand for gasoline and kerosene at a time when the demand for fuel oil increased due to its use in power generation and water desalination. — SG

Clic here to read the story from its source.