The sharp crackdown in sulphur emissions from bunker fuel by 2020, according to new rules
introduced by the International Maritime Organization (IMO) in 2016, will bring a sea change
to the marine fuel market, with huge ramifications for shippers and refiners. Around 4mn
barrels a day (b/d) of global fuel demand is used as marine fuel. This is a relatively small
percentage of the total global oil market ? around 4%.