22AUG2019 - NEWS - Diesel Prices Will Spike Due To IMO 2020

In anticipating the price impact on diesel prices from the launch of IMO 2020 on January 1 – with any impacts expected to start before that – most forecasters have been fairly moderate in their outlook, with some exceptions. 

But Fitch Solutions, part of Fitch Ratings, recently came out with its forecast. Prominent in the title is the ‘S' word – spike. 

"Diesel: Tighter Shipping Rules to Lead Large Price Spike in 2020" is the title of the report.

The report as a whole sees the oil market in the next few years as having adequate diesel capacity in general. But it's the short-term that is of concern to the trucking and transport sector and Fitch's outlook is stark.