There is going to be a significant difference in the prices of low and high-sulphur fuel oil once the IMO's emissions cap kicks in next year, according to Charles Kemp of Baker & O'Brien.
Speaking at TradeWinds' IMO 2020 Disruption Forum in New York on Thursday morning, Kemp said there was effectively no price floor for the high-sulphur fuel and that refineries are only now upgrading to produce the low-sulphur stuff.
