Friday's Luncheon Topic: Impact of IMO 2020 Regs

[dan_s]

At our July 31st luncheon, Raymond James listed the new IMO 2020 regulations as one of the primary reason why they are forecasting a BIG INCREASE in oil prices in 2020.

I decided to make IMO 2020 the topic for our Houston luncheon on Friday, August 16

Regulatory Impacts of IMO 2020

"IMO 2020 compliance requires a massive change that will demand rapid adjustments across the global fuel supply chain to comply with the January 1, 2020 deadline. The landmark decision by the International Maritime Organization already has begun to exact far-reaching consequences on shipping company operating costs, global freight rates, shipping economics, scrubber demand, accelerated ship scrappage and more." - IHS Markit

Here is a short (18 minute) interview to help you understand IMO 2020: https://soundcloud.com/opiscrashcourse/ ... plications

If you want to attend the luncheon you MUST REGISTER because seating is limited to 60 and we are already up to 50.

SGR Energy is hosting the luncheon: They are a fuel oil manufacturing / blending company and all of their fuels are already IMO 2020 compliant.