Back in 2020, The International Maritime Organization issued the IMO 2020 sulfur reduction rule, whose intention was to get sulfur content down to 5,000ppm between 2020 and 2025. While the regulation was not universal, the IMO is made up of nearly 200 member countries that represent the most active shipping markets and ports throughout the world. This would have a significant impact on distillate prices and availability and be generally disruptive to refined fuels in general. What was once considered a potentially earth-shaking issue for the entire fuels market has since been easily eclipsed by other factors.
In this white paper, Fuel Market News’ Editor-In-Chief Keith Reid takes a look at the factors that emerged over the past few years to impact those goals.
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