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Oil seen getting USD 4 a barrel boost on tough new ship-fuel rules

The upcoming IMO global sulfur cap is expected to put upward pressure on oil prices, as refineries will be running at full throttle churning out low-sulfur marine fuel.
Photo: Star Bulk Carriers
Photo: Star Bulk Carriers
by bloomberg news, alex longley & irene garcia perez

New regulations to curb pollution from the world’s shipping fleet could lift crude prices by $4 a barrel when the measures come into effect in 2020, according to a Bloomberg survey of 13 oil industry analysts.

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