Insight
IMO 2020: Implications for crude oil markets
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The forthcoming change in IMO regulations on the quality of marine bunker fuel impacts the mix of fuel types consumed by the shipping sector in 2020. Even without full compliance, we estimate that over 2 million b/d of high sulphur fuel oil demand will be lost as the sulphur cap for marine fuels drops. The shift has implications not only for shippers and refiners, but also crude producers. Heavier sour crudes will fall in value relative to lighter sweeter crudes, while very sweet crudes will rise in value relative to Brent.
Table of contents
- Impact on crude prices
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Dual supply shock scenario: what would happen if Iran and UAE open the taps?
Market implications: what happens if Iran and the United Arab Emirates ramp up oil production
$1,350
Insight
IMO 2020 transition – smooth sailing so far
How did IMO 2020 changes effect vacuum residue balances
$900
Insight
The Ripple Effect: How conflict is impacting global metals & mining
The Middle East conflict is cascading through global metals and mining via supply disruptions, soaring input costs, and output losses
$1,050
