The 'biggest change in oil market history' is less than six months away

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The forthcoming measures are expected to create an oversupply of high-sulfur fuel oil while sparking demand for IMO-compliant products.

On January 1, 2020, the International Maritime Organization will enforce new emissions standards designed to significantly curb pollution produced by the world's ships.

The forthcoming measures are widely expected to create an oversupply of high-sulfur fuel oil while sparking demand for IMO-compliant products. "It is the biggest change in oil market history," Steve Sawyer, senior analyst at energy consultant Facts Global Energy, told CNBC.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good! realDonaldTrump won't be able to reverse these.

So who are the dominant companies in IMO compliant fuels?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines