06AUG2018 - NEWS - oil refineries starts eradicating marine fuel supply before IMO 2020

oil refineries are starting to eradicate stockpiles of sulfur-rich fuel that powers the merchant fleet in anticipation of a demand collapse in fewer than 18 months. Stockpiles have slumped in the U.S. and Singapore this year and traders directly involved in buying and selling the fuel say some refineries already started to trim output in anticipation of rules that will severely restrict consumption from Jan. 1, 2020.

Published by Editor - www.Livebunkers.com at 06-Aug-2018 6:00:10 [UTC] , contact editor at editor@livebunkers.com