20MAY2019 - NEWS - IMO2020 to Disrupt Oil Markets - BCG

The marine industry's January 2020 shift to using very low sulfur fuel oil (VLSFO) to power ships worldwide will launch a one- to five-year disruption in oil and refined products markets, according to Boston Consulting Group.

The changeover may increase profits for refiners, especially on the U.S. Gulf Coast, where plants are designed to process high-sulfur crudes. It could also benefit producers of shale oil, which has a lower sulfur content than other varieties, the study found.

Published by Editor - www.Livebunkers.com at 20-May-2019 04:05:55 [UTC] , contact editor at editor@livebunkers.com