1. New Analysis from ESAI Energy Market Implications of
Changing Bunker Specs
Available May 2018
ESAI Energy, LLC

2. ESAI Energy’s IMO Analysis has 6 Parts
Part I: Compliance and Market Size
Size of bunker market by geographic region
Assumptions on compliance by geographic region
Explanation of enforcement mechanisms
Estimate of demand for compliant fuel by geographic region
ESAI Energy, LLC

3. Part II: Supplying Compliant Fuel
Refinery operations to make compliant fuel in each geographic region
Change in refinery throughput (Distillation impact)
Change in Product Yields (Upgrading Impact)
Production of LSFO, MGO and HSFO
Trade of compliant fuel between regions
Scrubber implementation
LNG consumption
ESAI Energy, LLC

4. Part III. Impact on the rest of the refined product barrel
Gasoline market side effects – by geographic region
HSFO over production – by geographic region
Into refineries
Into power generation
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5. Part IV: Product Pricing from 2019 Anticipation to 2020 Dislocation to 2021-25 Market Responses
On-spec gasoil or ULSD
LSFO
HSFO
Gasoline
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6. Crude price differentials by geographic region
Part V: Crude Oil Pricing from 2019 Anticipation to 2020 Dislocation to Market Responses
Crude price differentials by geographic region
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7. Depending on Your Needs Contact Ben Roberts at broberts@esai.com
Part VI: IMO- Related Opportunities
On-Spec and Off-Spec storage
Spot and Strategic Buying
Refining vs Scrubber Investment
Interregional Trade in Compliant Fuel
Gasoline Market Outlook
The analysis can be accessed through webinar, written report or customized project
Depending on Your Needs
Contact Ben Roberts at
ESAI Energy, LLC

8. Contact broberts@esai.com for more information.
Thank You
ESAI Energy researches, collects, analyzes, forecasts, and serves customers in all of these areas across the energy value chain.
Contact for more information.
ESAI Energy, LLC