2020 May Be A Good Year For Indian Refiners As Ships Switch To Cleaner Fuel

As the shipping industry switches to cleaner fuel from Jan. 1., the demand for diesel is expected to rise, benefiting Indian refiners.The International Maritime Organization’s new standards mandate shipping vessels to use fuel oil—a residue of petrol, diesel and jet fuel—with a sulfur content of less than 0.5 percent compared to the existing 3.5 percent as it aims to curb pollution. The cleaner alternatives are marine gasoil or diese...