Shipping—let battle commence
Competition to provide ships with a low-sulphur alternative will hot up as the IMO deadline approaches. It's not clear which fuel will win
The battle between competing fuels for shares of the marine propulsion market when the International Maritime Organization's (IMO) 0.5% sulphur-fuel content limit becomes effective in 2020 is heating up. On current trends, fuel oil may well maintain its primacy over marine gasoil and new competitor liquefied natural gas. International organisations pondering the outlook for the marine fuels market, which is estimated to account for up to 5m barrels a day of world oil use, have differed on the outlook for fuel oil demand. Marine fuel oil use accounts for about 63% of world fuel oil consumption, and quality restrictions on fuels used by land-based consumption will likely increase that proporti
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields