IMO adopts an Arctic heavy fuel oil ban

The United Nations shipping agency on Thursday adopted a ban on the use of heavy fuel oil in the Arctic region, but environmental groups said the regulations contained loopholes which will allow many vessels to keep sailing without enough regulatory control. Antarctic waters are protected by stringent regulations, including a ban on heavy oil fuel

India’s Rs 50,000 cr bet to cut dependence on foreign oil

India is set to spend almost $7 billion to boost ethanol production as it prepares to roll out a greener mix of gasoline that may cut its dependence on foreign oil. About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India’s Oil Secretary Tarun

High-Sulphur Fuel Oil sales rebound after pre-IMO 2020 correction

HSFO sales are up 47.2% from Q1 2020, reaching 3.1m tonnes. This is however still less than a third of high-sulphur fuel sales in Q1 2019, before the IMO 2020 Sulphur Cap came into force. The 1 million tonne increase in HSFO sales exceeded the fall in low-sulphur fuel oil (LSFO) and marine gas oil