Transport fuel’s day of reckoning
Gulf refiners wonder how to cope with new green standards for shipping and aviation fuel
A global clampdown on two of the most public scapegoats to the acceleration of climate change—shipping and aviation—is putting Gulf refiners' portfolios to the test. The International Maritime Organisation's (IMO) 0.5% sulphur cap on bunker fuels, set to begin from 1 January 2020, is followed by the International Air Transport Association's (IATA) Carbon Offsetting Reduction Scheme for International Aviation (CORSIA) from 2021. Both are milestones after decades of toing-and-froing between environmentalists and industry. As the Gulf is home to the world's second-largest bunkering hub, the UAE's Port of Fujairah, and is one of the world's fastest-growing aviation hubs, could a shortage of post
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
