How BP is Navigating the Sea Change in Global Shipping

The video discusses the impact of the International Maritime Organization's 2020 regulations on sulfur content in maritime fuel. Shippers face options like installing scrubbers or using low sulfur fuels, both with challenges. The regulations affect companies differently, with some refiners benefiting and others struggling. BP's strategy involves leveraging its refining capabilities to adapt to market changes, focusing on differentiation and optimization to maintain competitiveness.

What challenges do refiners face in meeting the demand for low sulfur fuels?

What impact do weak gasoline margins have on the refining industry?

What strategies can refineries employ to remain competitive in the changing market?