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The IMO’s Potential Impact

By: Nick Stanley / Posted on: August 7, 2018

The International Maritime Organization (IMO) impending regulation change might not grab headlines like the Iran sanctions or the Venezuelan economic crisis have; but some experts feel it will have a large impact on crude oil prices in less than 1 ½ years.  On January 1st 2020, the IMO is set to enforce that marine vessels can only burn low sulfur diesel. This restriction is in place to reduce carbon emissions globally.

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