IMO2020

IMO2020

 

IMO2020 Will Bring Massive Shocks To The Marine Fuel Market

 

The sudden switch to low-sulphur fuel oils (LSFO) has caught refiners and shipowners by surprise and will result in higher prices and up to 3M bopd in increased demand for LSFO and marine gas oil (MGO).

New regulations set by the International Maritime Organisation (IMO) in 2020 will require ships to use fuel with less than 0.5% sulphur content (down from 3.5%). Although refiners have been trying to prepare for this change, they will not be able to meet it in time and will have to purchase LSFO and MGO instead.

S&P Global Platts predicts that this will result in up to 3M bopd in increased demand for LSFO and MGO, a number that is corroborated by BCG analysis.

资料来源: S&P Global PlattsIHS Markit, 和 BCG

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We Are Ready To Supply IMO2020-Compliant Fuel

 

Tsimiroro’s very-low sulphur (0.3%) crude positions Madagascar Oil well for a post-IMO2020 world

Madagascar Oil will play an important part in this green transition, thanks to the very low-sulphur (0.3%) nature of its crude. It has one of the world’s largest, very-low sulphur oil reserves.

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