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New rules on ship emissions herald sea change for oil market

Reuters  |  LONDON 

By Libby George and Ahmad GhaddarLONDON (Reuters) - New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulphur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife.But the energy and shipping industries are ill-prepared, say analysts, with refiners likely to struggle to meet higher demand for cleaner fuel and few ships fitted with equipment to reduce sulphur ...

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First Published: Thu, May 17 2018. 12:46 IST
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