07MAY2019 - NEWS - IMO 2020: 4 key impacts on the global oil and gas and commodities markets

The new guidelines could have far reaching implications for the global oil and gas markets and the larger commodities space. The implementation of new IMO 2020 regulation is just eight months away and its implications are likely to be felt beyond the refining and shipping industries. The new guidelines could have far reaching implications for the global oil and gas markets and the larger commodities space, according to global consultancy Wood Mackenzie. 

1. Wider light-heavy and sweet-sour crude price differentials
2. Canada could be most impacted of the top global sour crude producers
3. Potential cost savings for North East Asian LNG contracts
4. Impact on ocean freight means higher costs for bulks

Published by Editor - www.Livebunkers.com at 07-May-2019 08:10:55 [UTC] , contact editor at editor@livebunkers.com