As COP25 kicks off in Madrid, S&P Global Platts editors take a look at the CO2 impact from OPEC oil production. European gas and nuclear, and IMO 2020’s impact on commodities as diverse as fuel oil and iron ore, are also on the agenda in this week’s pick of charts.
Posts tagged ‘fuel oil’
 
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April 1, 2019 08:53 UTC 
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Fuel quality is the great unknown for the shipping and oil refining industry. The International Maritime Organization’s (IMO) January 2020 deadline could see the majority of vessel owners switching to cleaner marine fuels incompatible with each other. Other solutions look similarly haphazard. The IMO’s global sulfur limit for marine fuels drops to 0.5% next January from 3.5%, and the industry is developing a wide range of very low sulfur fuel oils, which may be compliant but also vary in other qualities. › Continue Reading |
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March 4, 2019 06:34 UTC
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The shipping industry faces a hike in costs and operational headaches as a result of IMO 2020 regulations that will cap the sulfur content of marine fuels. At the same time, new streams of product demand will be created, potentially benefiting some shipowners. The International Maritime Organization’s agreed limit of 0.5% sulfur content for marine fuel will come into effect next January 1 and its ramifications will span the shipping, bunkering, petroleum products and petrochemicals markets. › Continue Reading |
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December 12, 2018 11:31 UTC
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Looming 2020 regulations capping marine fuel sulfur at 0.5% have so far benefited manufacturers marketing scrubbers – or exhaust gas cleaning systems, as they are more formally known – but this solution is now being viewed with a more critical eye. At the 12th annual MARE Forum on November 27 in Houston, one of the biggest topics debated by the maritime and shipping market delegates in attendance was the role of scrubbers, which have enjoyed increasing popularity with shipowners in 2018, in meeting the tightening environmental rules. |
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June 19, 2018 14:00 UTC
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It’s been six months since my last 2020 dispatch. Since then, I’ve spent time at major industry gatherings in London (IP week) and Athens (Posidonia) and yet I’m just as uncertain about 2020 as I was then. My only comfort is that judging by my numerous conversations at Posidonia, I’m far from alone. |
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December 7, 2017 12:00 UTC
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2020: a term that implies clarity of vision. And the 6th Annual Platts Mediterranean Bunker Fuel Conference held in Athens last week certainly featured numerous speakers seeming to claim 20/20 vision on 2020. Yet by the end of the conference I found my own vision to be distinctly blurry. |
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December 6, 2017 05:01 UTC
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For the first time since Donald Trump was inaugurated president, more of the benchmark commodity prices tracked by S&P Global Platts since he took office are now slightly higher than when President Obama left. Until November, most prices had struggled to see their averages match — or surpass — the levels on the last day Obama held the office. |
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November 8, 2017 05:01 UTC
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It has been a little more than nine months since President Donald Trump took office, and although most hard commodity prices are lower than the day he was sworn in, there are signs of life. For the first time since July 2, 2015, the price of Dated Brent — driven by strong demand — topped $60/b in late October, pushing its running average during the Trump presidency to $52.28/b. That’s still below the price of Dated Brent the day before Trump took the oath of office — $53.31/b on January 19 — and almost 38% below the $83.63/b average during Barack Obama’s two terms. |
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October 4, 2017 05:01 UTC
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Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms. Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. And since Trump took the oath of office on January 20, the monthly price performance of 11 commodities remains well below the average prices during Obama’s tenure — down by an average of 20.6%. |
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September 8, 2017 05:01 UTC
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Hard commodities saw some slight price gains in August over July, but the average prices for eight of the 11 S&P Global Platts benchmarks tracked since US President Donald Trump took office in January remain weaker than President Barack Obama’s last full day in office. The monthly prices for oil, jet fuel, natural gas, coal, iron ore, steel and aluminum are down an average of about 5% since Trump became president (January 20) through August 31, 2017. |