SUBSCRIBERS
Shipping fuel change to upend refining
Published Mon, Nov 7, 2016 · 09:50 PM
London
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.
In less than four years, ships worldwide will have to cut their sulphur emissions to 0.5 per cent from 3.5 per cent now.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply