The implementation of a global sulphur cap of 0.5% w/w in the bunker specification, as specified in the IMO 2020 regulation, is expected to lead to an abrupt change in the economics of the refining facilities. Product demand will shift, and so will pricing – both will translate into operational changes as facilities will need to respond to the new market environment.
The event featured a diverse panel of distinguished guest speakers, including:
- Gary Godwin, Senior Director, Technology Solutions, KBR
- Konstantinos Kalligeros, Director, Commodities, Commerzbank
- Lina Molfetas, Senior Bunker Trader, KPI Bridge Oil
- Odysseas Pegkos, Fuel Oil Trader, Petrochina International
Beth Evans, Global Director, News, S&P Global Platts made the opening remarks and Jack Jordan, Editorial Lead, IMO Correspondent, S&P Global Platts moderated the discussion.
“Bunker industry faces $2-4 billion IMO 2020 credit squeeze”, Jack Jordan, Tom Washington and Alisdair Bowles, Oct 2019