New rules forcing ships to use cleaner marine fuels may deal
yet another blow to cash-strapped Petroleos de Venezuela SA, an exporter of
high-sulfur fuel oil. From Jan. 1, 2020, vessels will have to switch to
less-polluting bunker fuel or be fitted with equipment to curb emissions, under
new International Maritime Organization rules. That’s expected to weaken demand
for the high-sulfur residual fuel oil produced by PDVSA, pushing prices lower
at the same time that the cost of importing clean fuels rises, said Mel Larson,
a consultant at KBC Advanced Technologies Inc. More…
No comments:
Post a Comment