Morgan Stanley says a shipping revolution has oil headed for USD 90

The new international shipping regulations will push Brent crude toward USD 90 per barrel by 2020, according to Morgan Stanley.

Photo: Bloomberg

Forget Iran and OPEC – there is another issue that will keep oil prices supported for the next two years, according to Morgan Stanley.

Brent crude will reach USD 90 a barrel by 2020 as new international shipping regulations take effect, overhauling the types of fuels produced by refiners, the bank's analysts said in a report.

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