Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while denting the oil revenues of producers of heavy or high sulfur crudes, OPEC said in its annual long-term oil forecast Sunday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The International Maritime Organization’s global marine fuels sulfur cap of 0.5% in 2020 will produce a one-off jump in crude demand from the global refining system in order to meet for the need for compliant, non-marine residual fuels, OPEC said. “In order to produce sufficient volumes of middle distillates, the global refining system is expected to increase runs by around 400,000 b/d in 2020 (additional to the case if no IMO regulations were adopted),” OPEC said in its latest World Oil Outlook. As a result, global oil demand growth is expected to bounce back to 1.7 million […]