WHEN the International Maritime Organisation rules cutting the amount of sulphur in marine fuel from 3.5% to 0.5% hit in January 2020 refiners producing sour crudes will see a precipitous drop in demand but LNG-fuelled ships won't be taking over, according to research from S&P.
IMO 2020 sulphur regulations will have rapid impact for refiners: S&P
That January 1 2020 deadline could see demand and prices for 3.5MMbbl of high-sulphur sour grade crudes immediately collapse, S&P said as it reported on predicted trends for 2019 and beyond. ...
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