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for IMO

IMO Rules Cause Major Change to Global Oil Mix
As the IMO 2020 deadline approaches for ships to use fuels with lower sulfur concentrations, the market for heavy oil is taking a hit.

OPEC Cuts Output, Erasing Most of Surplus
While there is a long list of potential factors that could surprise the market in 2019, OPEC+ supply curbs create a tightening baseline that should lead to higher oil prices as the year wears on.

Shipping Industry Remains Unprepared for New Sulfur Rules
Bank of America Merrill Lynch cited the IMO regulations as one of three major factors—along with Iran sanctions and pipeline bottlenecks facing U.S. shale—that could contribute to an oil price spike “akin to the one observed in 2008.”