Legal

WHAT'S NEXT?: Substantive regulatory change is likely to happen in the next decade as a result of the recent U.S. Presidential election, Brexit and efforts to reduce the impacts of climate change, increase trade and reduce bureaucracy while legislating for new forms of technological advancement such as robots, driverless cars and drones.

[New] Under current law, US federal deficits will exceed $1 trillion in 2020 and each year over the next decade, and the national debt will soon surpass the size of the economy.
[New] The new Dutch regulations coupled with IMO 2020 have undoubtedly increased all kinds of risks - price risk, operational risk, market risk, product risk and financial risk.
[New] With the California Consumer Privacy Act (CCPA) put into practice in 2020, data scientists and data analysts will need to become familiar with and knowledgeable about CCPA and other related data regulations impacting data processes.
[New] The ongoing global industry revolution will see fees, products, distribution regimes, regulation, use of technology and people skills change dramatically in the coming years.
[New] George Landrith, The News-Herald Trump's maritime fuel policy will sink energy markets The Trump administration is working to slow down the implementation of a major international environmental regulation that's set to take effect in 2020.
In 2015, the UK passed world-leading legislation requiring businesses to report on how they are eradicating modern slavery from their supply chains, and this year, the Government will publish a modern slavery statement setting out the steps taken to prevent modern slavery in its own supply chains.
The California Consumer Privacy Act (CCPA) will highlight data collection and monetization in the US, just as the General Data Protection Regulation (GDPR) did in Europe.
George Landrith, The Alexander City Outlook Trump's maritime fuel policy will sink energy markets The Trump administration is working to slow down the implementation of a major international environmental regulation that's set to take effect in 2020.
Hellenic Shipping News IMO 2020: Countdown to compliance The UK Chamber is helping its members prepare for the IMO's global sulphur cap in 2020, a new regulation that could be highly disruptive without the right guidance.
Final countdown to sulphur 2020 begins While the new regulation is projected to have far reaching consequences on the environment, it is also set to impact the global economy, requiring companies in commercial shipping, bunkering and refining industries to implement significant operational changes.
Gasoil demand is expected to grow as the IMO regulations will be implemented from January next year.
In Europe major changes are afoot with the European Green Deal expected by March, providing the framework for energy developments over the next 30 years, with net-zero emissions by 2050 to be enshrined into law.
The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulfur content from the start of 2020.
New regulations by the International Maritime Organization (IMO) that will require shippers to reduce the sulphur content in their fuel from next year meant demand for products like diesel and low-sulphur fuel oil would rise and improve refinery profits.
Last hurrah for high-sulphur fuel oil High-sulphur fuel oil (HSFO) has been enjoying high cracks since the end of November, but prices are expected to ease at the end of the year as a result of the International Maritime Organization (IMO) 2020 marine fuel regulation.
Exxon Mobil Corp expects high-sulfur fuel oil demand to fall 25 percent by 2025, as a new set of emission regulations kick in next year.
The International Maritime Organization (IMO) environmental regulations, aimed at lowering the sulfur content in marine fuels, could create a supply gap and price spike for similar grades of petroleum products, including diesel.
Refining margins for diesel and gasoil delivered next year are wilting as concerns about a recession - driven drop in consumption replace earlier fears about a shortage in fuel availability caused by new maritime regulations.
Moody's added shipping, surface transportation and automotive to the six industries facing elevated risk due to new laws being put in place to limit emissions.
IMO 2020 will add about $2 per barrel on light, sweet crude oil prices in 2020 - but the effect of the new regulations on the overall oil markets will be outweighed by the downward pressure from slowing global economic growth.
From 2021, Conservative refusal to accept the economic reality that Britain can only protect its dense European supply networks by agreeing to continue to implement EU regulations in every sector will mean frozen new investment and escalating closures.
In the wake of the California Consumer Privacy Act (CCPA), privacy regulation will continue to proliferate across the United States.

See full forecast

Last updated: 18 February 2020