Petrobras eyes billion-dollar gain from new sulfur requirements

State-owned Brazilian oil company Petrobras eyes extra earnings of USD 1 billion in 2020 on increased ship fuel sales resulting from the new sulfur requirements set to come into force next year.

Photo: Sergio Moraes/Reuters/Ritzau Scanpix

The new sulfur requirements, which will come into force at the turn of the year, could turn out particularly lucrative for Brazilian oil company Petrobras.

The state-owned oil firm predicts extra earnings of USD 1 billion in 2020 due to increased ship fuel sales as a consequence of the new global sulfur requirements from the IMO, which mean that ships may not sail on fuel with sulfur contents exceeding 0.5 percent as of Jan. 1, 2020.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Further reading

Related articles

Trial banner

Latest news

See all jobs