The implementation plan for IMO’s 2020 marine fuel rule will be debated at a special Intersessional meeting of IMO’s Pollution Prevention and Response (PPR) sub-committee beginning on July 9 in London. The International Marine Organization 's ( IMO ) sulphur cap mandate could lead to fuel prices of over $ 1,000 a metric tonne in 2020 , according to a supplemental report by EnSys Energy and Navigistics Consulting . It predicts that low - sulphur fuel prices will be higher than anticipated due to limited availability and a low number of scrubbers , leading to a " scramble period " in which less complex refineries bid up the cost of light sweet crude . At issue is that four million bpd of high sulphur fuel will need to be converted , but capacity to produce only two million will increase in H1 of 2020 .
The International Marine Organization 's ( IMO ) sulphur cap mandate could lead to fuel prices of over $ 1,000 a metric tonne in 2020 , according to a supplemental report by EnSys Energy and Navigistics Consulting . It predicts that low - sulphur fuel prices will be higher than anticipated due to limited availability and a low number of scrubbers , leading to a " scramble period " in which less complex refineries bid up the cost of light sweet crude . At issue is that four million bpd of high sulphur fuel will need to be converted , but capacity to produce only two million will increase in H1 of 2020 .