Concerns of distillate shortage to meet 0.5% sulfur cap may be misguided: consultant

Concerns about a distillate shortage arising from a lack of marine fields meeting the 0.5% global sulphur cap could be misguided, according to maritime consultancy 20|20 Marine Energy.

Smoking Funnels
There is evidence to suggest to the contrary, based on the refinery upgrades taking place in the Middle East and India, as well as an anticipated increase in the uptake of scrubbers as the price differential between distillates and heavy fuel oil becomes even greater.
— Adrian Tolson said in a statement Tuesday.

Source: Bunkerworld ($)