Saudi arabia vital to fuel oil’s uncertain future

摘要

London-The world’s largest crude oil exporter could be the answer to the quandary that awaits the high sulfur fuel oil market once interest for this product wanes due to the implementation of a global marine sulfur cap. As demand shifts away from 3.5% HSFO in the bunker market to cleaner marine fuels due to the International Maritime Organization’s global 0.5% marine sulfur cap from 2020, Saudi Arabia could emerge as one of the main outlets for this product.