The entry into effect of tighter emission rules for bunkering fuel will cause a temporary spike in crude oil demand as refineries increase their daily runs by around 400,000 bpd, OPEC said in its latest World Oil Outlook . This will reverse a global demand growth decline seen this year and in 2019, the cartel said. This year, demand growth is estimated at 1.6 million bpd, which will slow down to 1.4 million bpd in 2019 but then rebound to 1.7 million bpd in 2020 after the introduction of the new rules that will cap the sulfur content of bunker fuel at 0.5 percent from the current 3.5 percent. This will dampen demand for high-sulfur fuels, but it will increase demand for middle distillates and low-sulfur diesel and fuel oil. The effect of this change on global oil demand, however, will be temporary. Over the longer term, until 2040, […]