With the New Year already knocking at the door, long-suffering energy investors are looking to put another disappointing year behind them--and the International Maritime Organization’s sulfur regulations targeting the shipping industry have oil bulls dreaming of a much better 2020.
They’re banking on Goldman Sachs estimates that complete compliance with IMO 2020 will increase refining costs by $200 billion in the first year, which is likely to indirectly impact the price of other fuel products such as gasoline.
