Analyst: Climate regulations for shipping will impact oil output

The upcoming sulfur regulations and shipping's overall focus on reducing CO2 emissions will lead to lower demand for the oil companies, says analyst Thina Maria Saltvedt of Nordean Markets, according to Norwegian media Sysla.

Photo: PR Nordea

The oil companies will the burn if the shipping sector reduces its pollution in the years to come, says Nordea Markets oil analyst Thina Maria Saltvedt, citing factors such as the upcoming global regulations aimed at reducing shipping's sulfur emissions, which will come into force in 2020.

"Shipping traffic is facing stricter global requirements, but I think it will contribute to a bigger share of ship traffic globally leaning more toward LNG on the longer routes, and toward hydrogen on the longer term, while battery propulsion is an alternative among ferries sailing shorter distances and on fixed routes," she says in an interview with Sysla.

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