The Octane sulfur squeeze update May 8, 2020:
After falling to 50% of last year’s level, US gasoline demand has picked up and is now approaching 70%.
For the first time, all North American refiners will be challenged to make 10 ppm sulfur gasoline in 2020 or else pay for expensive credits. The attached excerpt from our 3-year study tells how under-prepared refiners are adapting to higher-than-expected octane destruction. Please contact me any time to get our Tier 3 report.