15NOV2018 - NEWS - Argus launches five new price assessments for low sulphur marine fuels

Oil price reporting agency Argus has recently launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers. International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020. Argus has added 0.5 percent low-sulphur fuel oil (LSFO) price assessments for marine fuel oil in northwest Europe, New York Harbour and the U.S. Gulf coast. Argus also added price assessments for marine gasoil with 0.5 percent sulphur content in northwest Europe and New York Harbour.

Published by Editor - www.Livebunkers.com at 15-Nov-2018 05:54:40 [UTC] , contact editor at editor@livebunkers.com