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US refiners and the case against an IMO 2020 oil price shock

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Listen: US refiners and the case against an IMO 2020 oil price shock

Is the looming IMO 2020 deadline for cleaning up marine fuels the Y2K of today's oil market?

The American Fuel & Petrochemical Manufacturers say US refiners are well prepared to meet the stricter sulfur standards by January 1 after having a dozen years to prepare.

The group joined the Coalition for American Energy Security last week to urge the White House to allow the rules to take effect on schedule, after reports that the Trump administration was considering trying to delay implementation over concerns about potential spikes in gasoline and diesel prices.

Capitol Crude spoke with Susan Grissom, AFPM's chief industry analyst, and Derrick Morgan, senior vice president for federal and regulatory affairs, about the impending rules and how US oil refiners and producers stand to respond.