Tag: IMO

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• Waiting on an IMO Diesel Spike

  02/13/2020 | Author: Josh Lowell

  One of the widely-held expectations concerning the International Maritime Organization’s (IMO) 2020 sulfur cap on marine fuels was that the price of gasoil/diesel would spike in the opening months of 2020, as demand for gasoil in the bunker market would strain existing supplies and push prices higher. Six weeks into the new regulatory regime and […]

  Tags: diesel, IMO, IMO 2020, Middle Distillate

• The Geopolitical Energy and Risk Monitoring Report

  12/16/2019 | Author: Matt Smith

  Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- […]

  Tags: Algeria, IMO, IMO 2020, sulfur, sweet crude, Venezuela, Venezuela heavy sour crude

• Group II Base Oil Exporters Wait on European Tariff Decision

  09/23/2019 | Author: Andrew Couper

  Importers of Group II base oil into Europe may have to start paying a tariff if the current waiver is not extended beyond December. European production, meanwhile, could influence trans-Atlantic flows. A working group within the European Commission met earlier this month to discuss whether to extend a tariff waiver, which currently allows Group II […]

  Tags: automotive, exxon, IMO, lubricants, special

• Brazilian Crude Extends Its Global Reach Ahead of IMO 2020

  09/13/2019 | Author: Amir Richani

  A particular grade of heavy-sweet crude oil produced by Brazil is in high demand thanks to the International Maritime Organization’s upcoming sulfur cap. The new regulation goes into effect on January 1 and will limit the permissible sulfur content of marine fuels to 0.5 percent, down from its current level of 3.5 percent. As a […]

  Tags: bolsonaro, brazil, IMO, ostra, sulfur

• IMO Toughens Up on Climate Change

  06/04/2019 | Author: Josh Lowell

  In an effort to tackle climate change, member states of the International Maritime Organization (IMO) have agreed to enact tougher carbon standards on newbuild ships two years earlier than planned. At the 74th meeting of the Marine Environmental Protection Committee (MEPC) in London last month, members drafted amendments to International Convention for the Prevention of […]

  Tags: container shipping, containers, IMO, IMO 2020, IMO2020, Shipping