Trumped at the pump? US seeks delay to IMO 0.5 sulphur cap.

 

The US and several flag states are launching a last minute initiative in the IMO to delay the implementation of the 0.5 sulphur cap that will come into effect on 1 January 2020 with the addition of “an experience-building phase”. The Trump administration is concerned at the rise in oil prices to $80 per barrel – the result in part of its renewed sanctions on Iran – and is concerned that the forthcoming cap will drive fuel prices up further. The matter is under discussion at the IMO.

Whatever happens in the IMO, the EU’s Sulphur cap is coming into effect on 1 January 2020.

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