ATIEL seeks to forge closer working relationship with API

Europe and the United States are organised very differently when it comes to the development of engine oil specifications. The American Petroleum Institute (API) administers the Engine Oil Licensing and Certification System (EOLCS) that authorises engine oil marketers to use the API Engine Oil Quality Marks. API develops and owns the lubricant classifications, generating revenue … Continue reading ATIEL seeks to forge closer working relationship with API

EIA projects high-sulphur residual fuel oil market could drop 55% after 2020

In just over six months, the International Maritime Organisation’s (IMO) new marine regulation comes into force, slashing the current sulphur limit for marine fuels from the existing 3.5%, set in 2012, to 0.5% by weight starting January 2020. Despite signalling this intention as early as 2008, and reaffirming the implementation date three years ago, the … Continue reading EIA projects high-sulphur residual fuel oil market could drop 55% after 2020