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Geopolitics, coronavirus foul IMO 2020 tanker owner freight negotiations
Market Movers Americas, Aug 3-7: Brent-WTI spread at widest since May
Platts Bunkerworld
North American Crude Oil Summit, 3rd annual
Flurry of trans-Atlantic Aframax crude trades defy summer lull
A little over a month into the IMO 2020 switch from 3.5% to 0.5% sulfur bunker fuels, the lifting of US sanctions on COSCO-owned tankers and dented crude oil and jet fuel demand due to the coronavirus outbreak had tanker freight take a U-turn and re-open arbitrage flows from the US Gulf Coast.
Marieke Alsguth, Barbara Troner and Catherine Wood of the S&P Global Platts shipping team talk about how the first 40 days of IMO 2020 have shaped up for the Americas loading tanker markets.
