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IMO 2020 will benefit US oil producers and refiners, White House official forecasts

IMO 2020 regulations will put upward pressure on light sweet crude oil prices because of 'increased demand' for that crude oil in order to produce lower-sulphur marine fuels — a demand made to order for US producers

US refineries which have downstream units that upgrade residual oils into more valuable and lower-sulphur products are well positioned to supply the global marine-fuel market with low-sulphur bunker fuel

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