Over the next 5 years, the global refinery landscape will continue developing, with the IEA forecasting the addition of over 9 million b/d of new capacity; almost twice the level of refined products demand growth over the same period.
Specifically, on a global scale the structural changes in oil products demand and crude supply will have an impact on refining margins and arbitrage. The report focuses on the fact that the refineries that lack the ability to upgrade or desulphurize fuel oil may...
https://safety4sea.com/eus-refineries-to-be-affected-by-2020-sulphur-cap/