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Stillwater Associates outlines how spot and futures prices for IMO 2020-compliant very low sulfur fuel oil can be tracked, and how a surrogate futures contract has moved over the past year. The article notes IMO 2020 cuts the global marine fuel sulfur cap from 3.5% to 0.5% on January 1, 2020.
Pricing transparency for compliant marine fuels affects how quickly diesel and fuel oil markets adjust to the 2020 rule. The article is methodological and does not report a new price move.
stillwaterassociates.comScottMar 20, 2019After 204 past macro events, DIESEL moved a median -0.7% over 5 sessions (43% higher; middle half -4.5% to +1.8%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
