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Shipping fuel change to upend refining

Tuesday, November 8, 2016 - 05:50

A PBF Energy refinery in Delaware, US. A windfall awaits advanced refineries, which produce larger amounts of the low sulphur fuel that many ships will use.


A SWITCH to cleaner fuels in the world's ships in 2020 could double the profits of the world's most advanced oil refineries - but threatens to put older ones out of business and punish those countries, including prominent Opec members, that produce the wrong kind of crude.

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