23AUG2019 - NEWS - Singapore HSFO/marine fuel oil spreads touch fresh highs ahead of IMO 2020

The spread between Singapore high sulfur and Marine 0.5% sulfur fuel oil for the prompt months have widened to fresh highs on Thursday, as fundamentals for the fuel oil industry adjust before the International Maritime Organization's sulfur mandate kicks in January 2020. With the 0.5% sulfur cap on bunker fuels set by the IMO from next year, high sulfur fuel oil demand is expected to drop while low sulfur fuel oil demand is poised to pick up, said trade sources.