# Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate - TT

> US refiners fell sharply after reports that the Trump administration wants to slow the 2020 implementation of IMO rules cutting sulfur in ship fuel by more than 80%. The industry has invested billions preparing for the rules, which would raise shipping costs for goods including soybeans.

- Date: 2018-10-19 · published 2018-10-19T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/12175-refiners-slump-as-trump-looks-to-slow-roll-imo-fuel-mandate-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Delaying IMO 2020 would reduce expected demand for low-sulfur diesel and lower ocean freight cost pressure, which weighs on refining margins and could ease shipping costs for grain exports.

## Read by commodity

- DIESEL: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-09-30 | [Explainer-What is red-dyed diesel and can it help lower prices, as Trump wants? By Reuters](https://feedsoft.ai/events/17660-explainer-what-is-red-dyed-diesel-and-can-it-help-lower-prices-as-trump-wants.md) | -6.2% | -4.4% |
| DIESEL | 2021-03-02 | [Brazilian stocks, currency fall as tax hikes spook investors - Markets - Business Recorder](https://feedsoft.ai/events/12206-brazilian-stocks-currency-fall-as-tax-hikes-spook-investors-markets-business.md) | +4.7% | -0.7% |
| DIESEL | 2026-03-23 | [U.S. to bring more diesel to market to address fuel prices: Wright](https://feedsoft.ai/events/20339-u-s-to-bring-more-diesel-to-market-to-address-fuel-prices-wright.md) | -2.4% | -23.4% |
| DIESEL | 2018-07-31 | [BI Plan to Lowering FX Swap Fees - The Insiders Stories](https://feedsoft.ai/events/64364-bi-plan-to-lowering-fx-swap-fees-the-insiders-stories.md) | -1.4% | +2.2% |
| DIESEL | 2024-10-02 | [Fuel Tax Relief for Areas Hit by Hurricane Helene \| Weaver](https://feedsoft.ai/events/12044-fuel-tax-relief-for-areas-hit-by-hurricane-helene-weaver.md) | +5.8% | -1.5% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/refiners-slump-trump-looks-slow-roll-imo-fuel-mandate

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.