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Energy consulting firm Purvin & Gertz has announced the launch of a new study focusing on bunker and fuel oil markets.

The study entitled Residual Fuel Market Outlook: Impact of Bunker Quality Changes on Marine Fuels & Refining is currently underway and is scheduled to be completed by the second quarter of 2009, according to the Houston-based firm.

The study will present an analysis of the issues, balances and economics of bunker fuel, stationary fuel oil and residual refinery feedstocks.

Commenting on the aims of the project, study manager Kurt Barrow said, “Emissions limits recently agreed by the International Maritime Organization (IMO) will change bunker fuel qualities and indeed the type of fuel consumed by the regional and global shipping industries. Both refining and shipping companies are puzzling over their role and the costs for meeting new ship emissions requirements. This study endeavors to provide insight into the complex inter-industry issues through a comprehensive analysis.”

Key elements of the study are expected to include:

• Scenario analysis associated with scrubber adoption

• Detailed bunker and fuel oil balances by sulfur grade

• Bunker supply economics and pricing in key markets and ports

• Residual and distillate fuel impacts

• Refinery capacity and projects

• Influence on crude differentials

Please visit www.purvingertz.com for further information. For expert comment please contact Kurt Barrow at kabarrow@purvingertz.com or on +1 713 331 4000.