Oil prices have been choppy in recent days, although WTI and Brent are holding onto their gains near multi-month highs. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- The International Maritime Organization has new regulations taking effect on January 1, 2020 that will slash the concentration of sulfur in marine fuels from 3.5 percent down to 0.5 percent. - Marine vessels consume about 4 million barrels per day of oil, or about 4 percent of total oil demand. - The shipping industry will need to replace high-sulfur…
