For Guyana ‘light is right’ – the crude quality of choice - Panorama Insurance Brokers

For Guyana ‘light is right’ – the crude quality of choice

The following is an opinion piece by Arthur Deakin, Analyst at Americas Market Intelligence (AMI) where he conducts political, economic, and other risk analysis activities for the mining, energy and infrastructure sectors in both Latin America and Africa.

Starting in January 2020, the International Maritime Organization required ships to reduce sulphur emissions by 80 percent, transitioning vessels away from a historically dirty bunker fuel. This important shift collided with an upsurge in climate-friendly investments as the world became increasingly aware of its surrounding environment. In Latin America, these stricter fuel emission policies and tighter environmental controls have increased the demand for light sweet crude oil, a fuel with low sulfur content that is less harmful to the ecosystem.