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IHS Markit: IMO low-sulfur regulations leave shippers and refiners scrambling to respond

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Tanks and Terminals,

Recent moves by the International Maritime Organization (IMO) have signalled a strong determination by the sanctioning body to strictly enforce a tightening of marine fuel low-sulfur regulations, which will result in a period of huge upheaval in global oil markets, extraordinary margins for some oil refiners, and a potential doubling of fuel costs for shippers, according to new analysis from IHS Markit.

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