IMO 2020, COVID-19 drive turbulence in the fuel oil complex

<p>The market for low sulfur fuel oils – 0.1% S and 0.5% S – has tightened on the refinery response to <a href= "https://www.spglobal.com/platts/en/market-insights/topics/coronavirus-impacts-commodity-markets" target="_blank" rel="noopener">COVID-19</a>, while as a result of <a href= "https://www.spglobal.com/platts/en/market-insights/topics/imo-2020" target="_blank" rel="noopener">IMO 2020</a>, lackluster demand for 3.5% S is encouraging shippers to fit scrubbers which could flip fundamentals between the grades in the future. Meanwhile, a recent cold weather spell in Asia drew fuel oil supplies away from Europe, further adding to price volatility to those fuels at the bottom of the barrel. <a href="https://www.spglobal.com/platts/en/" target= "_blank" rel="noopener">S&P Global Platts</a> fuel oil specialists Stepan Lavrouk, Sarah-Jane Flaws and Britt Russel-Webster discuss the market with Joel Hanley.</p>