- The first signs of IMO 2020 are affecting the oil market leading MPC to invested in complex refineries.
- High sulfur residual fuel estimated to become nearly worthless as the transition of marine fuels to low sulfur fuel oil. However, straight run fuel oil with 0.5% sulfur is now more expensive than Brent crude in northwest Europe for the first time in five years.
- Refiners operating complex plants with hydrocrackers and hydrotreaters can remove the high sulfur to produce IMO-compliant marine...
http://mfame.guru/a-comprehensive-analysis-of-marathons-business-for-imo-2020/