Global gas-to-oil fuel switching to jump 80% as European, Asian gas prices soar

Global oil demand from gas-to-oil switching could jump by more than 80% over the next six months after soaring prices for natural gas and LNG push more power producers, refiners and industrial users to burn fuel oil and other liquid fuels, according to estimates by Platts Analytics. Refiners, power producers, and major industries will account for 633,000 b/d incremental liquids…