IMO 2020: Africa may have the best fitting crude oil

[dan_s]

Only around 1% of the world’s crude oil exports are heavy and sweet varieties, ideal for refining into fuel with a maximum 0.5% sulfur content mandated by International Maritime Organization (IMO) rules coming into force worldwide on Jan. 1. The regulations will tighten limits from the 3.5% sulfur levels allowed now, aiming to improve human health by reducing air pollution.

Nearly three-quarters of the world’s exports of heavy sweet crude - defined as oil with less than 0.5% sulfur content - come from the region, with Angolan Dalia, Chadian Doba Blend and Cameroonian Lokele alone making up most of that portion.

“The new environmental regulation starts in January, but preparation has already begun. Refiners need to ready their supply streams and learn how to best prepare for a low sulfur future,” said Josh Lowell, senior energy analyst at ClipperData.

Read: https://www.hydrocarbonprocessing.com/n ... eaner-fuel

[bobs]

IMO?
Could you summarize in a few sentences the 2020 impact of this on oil from a macro perspective.........is it a big deal and who are the winners and losers.....thanks

[dan_s]

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