New Shipping Regulations to Push Oil Prices to $90 by 2020 : Morgan Stanley

International efforts to reduce air pollution has lifted the hopes of oil traders, as new shipping regulations are expected to boost demand for lower sulfur fuels, raising demand for crude, as the bank’s analysts report. The current growth in oil prices already exceeds earlier predictions amid OPEC supply cuts and US sanctions against Iran.

Beijing cuts coal use by 1.5 mln tonnes in heating season

Beijing will reduce its coal consumption by 1.47 million tonnes over the heating season this winter, as coal boilers are phased out and replaced by gas ones, the municipal environment watchdog said Thursday.