New fuel specifications are set to send shockwaves through oil markets, but a new wave of low-sulphur fuel oil coming online could create a new market-crippling glut. The refining industry around the world has carefully planned to boost compliant fuel production in the back end of the year, expecting windfall from the IMO-effect in the months immediately preceding the shipping rules change. But as January 1, 2020, is fast approaching, the previously expected refining margins bonanza could turn to bust as the disruption is now expected to be much less dramatic than previously thought. Read more
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