Refiners, Shipping Firms Oppose Trump Effort To Hinder Ship Sulfur Limit

Refiners and the shipping industry are opposing the Trump administration’s effort to delay or block a stricter global limit on sulfur in shipping fuel, a measure that the government argues could ultimately cause U.S. fuel price hikes for motorists but that supporters say will provide compliance certainty and boost domestic refiners’ profits. Under International Maritime Organization (IMO) rules agreed by the Obama administration, heavy shipping fuel worldwide will have to conform to a sulfur limit of 0.5 percent from Jan...