25JUL2019 - NEWS - South Korea's S-Oil sees IMO 2020 stock build supporting refining margins

South Korea’s third-largest refiner, said on Wednesday it expects refining margins to strengthen in coming quarters, supported by demand for new low-sulfur marine fuels and the U.S. driving season. The International Maritime Organization’s (IMO) new rules on marine fuels are set to take effect from January 2020, reducing the sulfur content of fuel oil to 0.5% from the current 3.5% to combat pollution.