Falling oil prices may find some support from IMO 2020

“Watch for much higher global crude runs in the final months of the year as refineries pump out supplies to meet [marine fuel specification] changes for January 1.

Expected to shift global diesel/gasoil demand higher by around 1.5 million b/d in the fourth quarter of 2019 and first half of 2020, Platts Analytics estimates.

Supply, on the other hand, looks strong despite OPEC’s large production cuts and continued losses from Venezuela and Iran.

 

 

Read the full article here
Source: energy.economictimes.indiatimes.com

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *