With or without penalties, it's hard to expect 100% compliance at the start due to possible shortage of LSFO, a supplier said.

Crude and product futures settled higher Tuesday as the market eyed a tightening global supply outlook

Global oil traders are looking to grow their exposure to the surging flows of US shale oil, taking stakes in pipelines, storage tanks and export terminals as the world's biggest oil producer wins

Europe's low sulfur fuel oil market is set to come under further pressure on a confluence of factors, including sweet crude arbitrage movements from the US, the arrival of Brazilian product and increased production of LSFO