15OCT2019 - NEWS - Russia's Lukoil to produce about 1m tonnes per year of IMO 2020-compliant LSFO

Russia’s decision to produce IMO-compliant fuel comes as differentials for its Urals crude have fallen to the widest discounts in a year against dated Brent crude. Russia’s high sulphur content crude could fall out of favour with European refiners as refining margins are eroded by reduced demand and weaker prices