Henrietta Fore, UnicefFor instance, fuel oil is trading at around $52 a barrel, while regular Brent crude is about $66 a barrel. The trade-off is the higher level of pollutants in fuel oil, which the new regulations are intended to limit. Still, lack of refinery capacity means it is unlikely many African ports will source bunker fuel locally. These would eagerly purchase cheaper high-sulphur bunker fuel if it is dumped on the market. Fortunately, many African ports have upgrades planned or underway, especially in West Africa where bunkering services are concentrated.

Source: The North Africa Journal July 18, 2019 05:31 UTC