September 2018

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Viewpoint: Oil and gas downstream looks to digitalization for sustained excellence

The combination of US tax reforms and changes to global bunker fuel specifications in 2020 as part of the International Maritime Organization’s (IMO’s) new regulations are set to turn the US oil and gas downstream into a cash cow.

Routt, M., KBC Advanced Technologies, Inc.

The combination of US tax reforms and changes to global bunker fuel specifications in 2020 as part of the International Maritime Organization’s (IMO’s) new regulations are set to turn the US oil and gas downstream into a cash cow. The changes to global bunker fuel specifications will transform refined products markets, as a pronounced shift from high-sulfur residues to lighter, cleaner bunker fuels will incorporate additional low-sulfur distillates. Refiners that can destroy residue and make clean products are set for windfall levels of profit. The upgrading spread for turning residue into distillates is predicted to widen markedly from around the middle of 2019. This could translate to a $5

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