On October 11–12, 2017, CGEP, in collaboration with Statoil’s Global Strategy and Business Development unit, hosted a workshop in Paris to explore the intersection of energy and geopolitics in oil and gas markets, in climate policy, and across a range of cross-cutting topics, such as national security and cybersecurity. This summary highlights the main points of discussion during the two-day workshop, which was conducted under the Chatham House Rule on a nonattribution basis.
By the International Maritime Organization’s (IMO) reckoning, some 5.5 million barrels of oil — 6% of world demand — get burned daily as bunker fuel on the high seas. Those bunkers are the world’s last big sink for high sulfur residual fuel oil (HSFO), the "bottom of the barrel,” as air-emission rules for ships have to date remained relatively loose. Tighter sulfur regulations may soon change that, with far-reaching impacts for the shipping industry, energy markets and air emissions from ships.