More than enough low sulphur fuel oil can be produced by the world’s refineries by 2020 providing gasoil prices remain high enough, Nordic corporate bank SEB says.
In a report released by bank’s chief commities analyst Bjarne Schieldrop, SEB says that to produce enough marine fuel oil 0.5% (MFO) in 2020 using straight run fuel oil 0.5%, all that is needed is a sufficiently high product price of around $90 per ton less than gasoil.
