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WoodMackenzie says IMO 2020 is pulling global refining margins down


    Global refining margins dropped to a five-year low in the final quarter of 2019 and have sunk further since the beginning of 2020. According to WoodMackenzie, one of the key factors driving this trend is the introduction of new specifications capping sulfur content in marine fuel at 0.5% by the International Maritime Organization (IMO).

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    Posted by Jennifer Delay Iacullo
    Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.