# Commentary: Oil market readies for new IMO regulations

> Commentary notes the oil market is preparing for new IMO shipping fuel regulations, with New York Harbor ultra-low-sulphur diesel futures moving to a premium of more than $21 per barrel. Adjustments are expected to reduce the risk of a severe shortage at the end of next year.

- Date: 2018-11-21 · published 2018-11-21T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9534-commentary-oil-market-readies-for-new-imo-regulations
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Tight distillate supply ahead of the IMO sulfur rules supports diesel prices, raising bunker and freight costs for ocean grain shipments.

## Read by commodity

- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-08-22 | [IMO 2020: Oil market could see a diesel fuel resurgence, analysts say](https://feedsoft.ai/events/63725-imo-2020-oil-market-could-see-a-diesel-fuel-resurgence-analysts-say.md) | +4.2% | +5.7% |
| DIESEL | 2019-08-09 | [New diesel regs for maritime shippers could impact U.S. truck freight, diesel prices \| Commercial Carrier Journal](https://feedsoft.ai/events/57781-new-diesel-regs-for-maritime-shippers-could-impact-u-s-truck-freight-diesel.md) | +1.4% | +6.7% |
| DIESEL | 2019-01-30 | [Tolls, Regulations, Bunker Fuel Costs Could Vex Industry - TT](https://feedsoft.ai/events/61273-tolls-regulations-bunker-fuel-costs-could-vex-industry-tt.md) | +0.2% | +6.7% |
| DIESEL | 2019-10-06 | [FreightWaves oil report: physical diesel markets strengthen; IMO 2020 link eyed - FreightWaves](https://feedsoft.ai/events/56766-freightwaves-oil-report-physical-diesel-markets-strengthen-imo-2020-link-eyed.md) | +3.3% | +1.8% |
| DIESEL | 2018-03-08 | [Refiners, traders brace for fuel-market volatility ahead of sulfur caps](https://feedsoft.ai/events/66210-refiners-traders-brace-for-fuel-market-volatility-ahead-of-sulfur-caps.md) | +0.6% | +5.7% |

## Sources

- reuters.com: https://www.reuters.com/article/us-oil-prices-kemp-column/oil-market-readies-for-new-imo-regulations-kemp-idUSKCN1NP1YS/

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