Lower Sulphur in Oil Rule will Cost $1 Trillion over 5 Years and Increase Demand for U.S. Sweet Crude

From Gulf News Jet fuel, diesel, gasoline to cost more as new rule requires lower sulphur content in oil Dubai — The International Maritime Organisation (IMO) specification change, which needs lower sulphur content in marine fuel oil, will lead to more demand for US sweet crude (benchmark Western Texas Intermediate) compared to heavy sour crude, resulting in cost increases of[Read More...]

The post Lower Sulphur in Oil Rule will Cost $1 Trillion over 5 Years and Increase Demand for U.S. Sweet Crude appeared first on Oil & Gas 360.



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