China’s two oil giants, Sinopec and PetroChina, have been researching and trial producing Low Sulphur Fuel Oil (LSFO) since the second half of 2018, in preparation for the upcoming International Maritime Organisation (IMO) 2020 regulation.
What does this mean for the supply glut in the domestic gasoline and gasoil markets? How will this affect production costs and prices of oil globally?
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