OPEC: IMO Rules Will Boost Oil Demand By 400,000 Bpd

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.

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