Vitol warns against uncertainties in sulfur regulations

It is hard to say whether the new sulfur regulations will be an opportunity or a disaster, says CEO of commodities trader Vitol. The major question is if carriers will opt for scrubbers.

Photo: Carlos Osorio/AP/Polfoto

"I don't know if it's going to provide opportunity or disaster at the moment, to be honest," Vitol CEO Ian Taylor told the Reuters Global Commodity Summit Friday.

At the event, several executives from commodities traders such as Vitol, Glencore, and Gunvor offered their opinions on the global sulfur regulations which will enter into force in 2020.

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