Fuel Oil Markets in 2020: Expectations versus reality

Fuel oil markets globally have had a turbulent year so far, brought by an unexpected turn of events amid the coronavirus outbreak. Last year, the shipping industry switched their gears to prepare for the International Maritime Organization’s lower sulfur cap regulation on marine fuels, with the expectation of a collapse in high sulfur fuel oil (HSFO) prices, and a wide spread between HSFO and 0.5%S marine fuel, as demand for the latter, the now compliant fuel, would soar. However, COVID-19 curbed market expectations as global oil demand came under pressure, with most regions struggling with an oversupply of product.

Join S&P Global Platts global Fuel Oil team for our latest S&P Global Platts Webinar: Fuel Oil Markets in 2020 - Expectations versus reality on Wednesday July 15 at 1 pm GMT+1.

Speakers

Rajesh
Nair

Managing Editor for Residual Fuels Asia (Singapore)
S&P Global Platts

Sarah-Jane
Flaws

EMEA Residual Fuel Oil Associate Editor (EMEA)
S&P Global Platts

Patrick
Burns

Senior Editor American Fuel Oil (US)
S&P Global Platts

Tamara
Sleiman

Managing Editor, EMEA Residual Fuel Oil
S&P Global Platts

Agenda

This webinar will cover the following topics:

• Fuel oil stocks hit records highs in the Amsterdam-Rotterdam-Antwerp hub
• Scrubber economics worsen as marine fuel premiums narrow
• Impact on residual-based bunker fuels markets and major hubs
• Emergence of China domestic production and a changing regional demand-supply balance
• Q&A session – you can submit questions to our team during the webinar

S&P Global Platts webinars are free to attend; all you need to do is register. If you can't make it to the live production, you can still view S&P Global Platts webinars on-demand at your convenience.