Oil market conditions that has seen US refiners opt for lighter over heavier crudes should ease as IMO2020 restores demand for quality refined products, a US refined has said.

Par Petroleum chief executive Joseph Israel speaking at an Argus Petroleum event in Miami said that fall in demand for high sulfur fuel oil after January 2020 and increase in demand for low sulfur product should restore the quality premiums seen in the refining industry before 2011.

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