Friday, July 19, 2019

Highsulphur Fuel Oil News

Ship Fuel: Singapore Bunker Volumes Dip, 2019 Uncertain

© stockphoto mania/AdobeStock

Sales of marine fuels in Singapore, the world's biggest ship fueling port by volume, totaled 49.8 million tonnes in 2018, down 2 percentfrom a record the year before, the Maritime and Port…

Maritime Rule Change Stirs Fears of Diesel Shortage: Kemp

© dbvirago / Adobe Stock

The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulphur…

How Refiners Plan to Grapple With Fuel Oil Output After 2020

© christian42 / Adobe Stock

High-sulphur fuel oil (HSFO), essentially the leftovers of an oil refiner's output, will still flow from refineries around the world even after new rules start up in 2020 curtailing its use in the global shipping fleet…

Unipec, ENOC Place Lowest Offers in Bangladesh Oil Import Tender

Energy traders Unipec and ENOC placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.52 million tonnes of oil products for import in the second half of 2018, officials said on Tuesday.

Distillate Demand Boost from Shipping Sulphur Rules to be Brief

File Image: A typical Middle East Refinery (CREDIT: MELCAL)

A sharp increase in demand for distillates following new shipping fuel rules will fade quickly, the International Energy Agency said on Monday. New rules implemented by the International Maritime…

Construction Starts on Serbian Oil Firm's New Deep Conversion Complex

Serbian oil company NIS, majority owned by Russia's Gazprom Neft, started construction on Monday of a 300 million euro ($352 million) deep conversion complex at its main refinery, which it…

Glencore to Lift Iranian Fuel Oil at Bandar Mahshahr

Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of legitimate Iranian crude and oil products to international markets.

Asia Fuel Oil: Market Brightens on Tight January Supply

Asia's fuel oil market strengthened on Wednesday trading as discounts for both 180cst and 380cst fuels narrowed markedly amid tightening supply. In addition to lower discounts on spot cargos…

Asia Fuel Oil Faces Further Price Pressure

Asia fuel oil prices edged slightly lower in Friday. trade amid worries of further downward potential over the next few weeks given the fundamental oversupply from expected January arbitrage…

Asia fuel Dips to 11-Year Low

Asia fuel oil falls to 11-yr lows on expectations of Western arbitrage inflows. Fuel oil prices fell for a fifth consecutive session, dropping to 11-year lows amid expectations of significant…

Asia Fuel Oil Dragged Down by Crude Drop

Asia's fuel oil prices continued their downward trend towards new seven-year lows and at levels not seen since early 2005 amid a growing global oil glut that saw benchmark crude prices extend…

Europe Product Swaps: Demand Down, Supplies Up

European oil product swaps for December weakened across the board in the week to Monday as supplies of diesel have risen sharply while demand for gasoline and naphtha enters a seasonal lull.