Ships plying the world’s oceans tend to use heavy fuel oil, a bottom-of-the-barrel fuel that is especially dirty. The IMO regulations are targeting this fuel because of its high sulfur content.

Ships plying the world’s oceans tend to use heavy fuel oil, a bottom-of-the-barrel fuel that is especially dirty. The IMO regulations are targeting this fuel because of its high sulfur content.

The Pyrenees crude has a gravity of 19.3 API with 0.19 percent sulfur content, according to the latest crude assays seen by Platts. Considering that Brent Crude is around US$65 a barrel ...

Australia’s Santos Ltd this week is seeking to sell a cargo of March-loading Pyrenees, a dense and low-sulfur oil, at a premium of $32 a barrel or more above Dated Brent, according to traders ...

On January 1, 2020, the International Maritime Organization (hark, IMO) - the agency that regulates the global shipping market - will enforce a global sulfur cap of 0.5 percent on marine fuels.

Sponsor Message "It happens that Libyan crude has almost no sulfur and produces a great deal of diesel fuel per barrel of crude, which means it is very valued," he says. "One can think of it as ...

(Bloomberg) — Just shy of $100 a barrel — that’s the cost of a type of crude that’s become prized thanks to the scramble for cleaner-burning fuels. Australia’s Santos Ltd. this week sold a cargo of ...

NEW YORK, May 23 (Reuters) - Delek U.S. Holdings Inc. shut briefly on Sunday a sulfur recovery unit at its 60,000 barrel-per-day refinery in Tyler, Texas, due to an operational problem ...