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Crude Oil Markets Brace For Fuel Market Disruption
The oil market is grappling with a lot of uncertainties in both supply and demand side factors, but one certainty sure to affect oil markets, refiners, and price differentials is just around the corner—the new regulations limiting the use of sulfur-heavy fuels in shipping. Market observers and analysts believe that in a year and a half-two, the oil and refining markets will have adapted to the new regulations, but some say there will be shocks just ahead and right after the starting date of the implementation of the new rules, January 1, 2020. Some experts and media have dubbed the new shipping fuel rules as the ... (full story)