#IMO2020: The big structural oil market change everyone is forgetting

Last year everyone was waiting for a big moment in the oil and fuel markets: #IMO2020, a seemingly small change around the type of fuel ships burned. In summary, the sulphur content of ship fuel, which is a residual fuel from refining operations, was being reduced by more than 80%. Crude oil is mostly categorized based on how “sour” it is, or how much sulphur it has, and…