Global Sulphur Cap: Demand for Marine Gasoil Builds Up

According to Wood Mackenzie Research Director, a switch to cleaner marine fuels in the shipping industry from next year would create more than a million barrels per day (bpd) of incremental demand for marine gasoil, reports Reuters.

New regulations from the International Maritime Organization (IMO) will require shippers to reduce the sulphur content in fuels used in their vessels starting from Jan. 1, 2020, and one way to do that is to switch to low-sulphur gasoil.

“There will be a...

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