The threat of peak oil demand arriving sooner than predicted and the aggressive push to decarbonize the world economy in a post-Paris Agreement world is creating considerable uncertainty for the global oil industry. Big oil after considerable pressure from environmental groups, investors, and governments with many global energy supermajors is committing to become net carbon neutral. Aside from the push to reduce carbon emissions, the sulfur content of fuels is under intense scrutiny. That has seen governments , as well as various regulatory bodies across the world , clamp down on the sulfur content of fuels to reduce environmentally harmful emissions. The most recent measure was the January 2020 introduction of IMO 2020 which substantially reduced the sulfur content of maritime fuels. For these reasons, big oil is avoiding developing or operating petroleum projects that are carbon-intensive and produce low-quality crude oil grades with the potential for being processed […]