29 Oct More storage plans for Singapore Singapore could see a further 4.8 million barrels of storage capacity, with an international trader as well as a local company interested in investing in storage and terminal plans. In Full
28 Oct Crude oil prices continue to plunge US light crude on the New York Mercantile Exchange (Nymex) continues losses in after-hours trading after yesterday's huge price plunge. In Full
27 Oct Crude stock recovery dents rally Unexpectedly large build in US stocks of crude deflates prices, despite alarming deficit in distillate inventories ahead of peak winter demand.
In Full
27 Oct Port of Rotterdam to boost fuel oil capacity Port of Rotterdam announces plans for increased storage and handling capacity to deal with booming Russian oil exports, with an emphasis on expanding fuel oil capacity.
In Full
26 Oct Lintec takes routine fuel testing to 'forensic' level Fuel testing company claims to be first to offer routine analysis enabling detection of contaminants such as waste chemicals and unusually high levels of naturally occurring chemicals.
In Full
25 Oct Utility fuel oil demand waning, bunkers increasing Delegates at 25th Fuel Oil Buyer's Conference in Miami told by utility companies that adaptation to natural gas and tighter sulphur regulations on fuel oil will see demand wane. In Full
25 Oct New spill in Washington waters A small spill was reported in Washington waters this weekend, but fortunately far smaller than the recent 'mystery' Tacoma incident, which is still being investigated. In Full
22 Oct Octel claims breakthrough in fuel oil testing Bunkering industry stands to benefit from breakthrough in the science of predicting the stability of heavy fuel oils, offering portable, easy to use equipment.
In Full
22 Oct China still set to see record fuel oil imports Despite continued falling fuel oil imports into China this month amid high prices, the country is already close to breaking a record for annual imports. In Full
21 Oct Petrobras seeks expansion near and far Petrobras manager tells Miami conference of plans to increase sales of low sulphur fuels in European and Asian bunkering hubs, as well as reviving bunker services closer to home.
In Full
20 Oct Suez avails improving after dry spell Several players report that avails are returning to normal, while others doubt any real improvement in supply for several weeks ahead. In Full
20 Oct Castrol chief defends imminent lube oil price hike Managing director of Castrol Marine defends projected price hike by highlighting the "real value" of technology and support brought to the industry amid rising costs. In Full
19 Oct BP Marine: Abatement breakthrough 'close' Speaker for oil major tells delegates at the Bunkering in Americas Conference, Miami, that tests on abatement technology are close to completion but admits that the initial impact will be restricted to a few companies. In Full
18 Oct Iraqi wreck removal essential to port refurbishment The UN has said there could be as many as 500 wrecks in Iraqi territorial waters, the removal of which is essential to the development of the country's ports into major cargo and container handling facilities and also to protecting the marine environment. In Full
15 Oct Curoil suffers as Valero steps-up competition Re-emergence of Aruba as competitive bunkering port since Valero's acquisition in February has contributed to sales halving for Curaçao's state-owned oil company, Curoil.
In Full
14 Oct Asia: Buyers shy away as prices surge A cocktail of steep bunker prices and tight avails in several major ports in the region has put shipowners off the Asian market and turn to cheaper alternatives. In Full
14 Oct US military reveals fuel requirements for the coming year The US Defense Energy Support Center (DESC) has said it will require around 128 million barrels of fuel in fiscal year 2005, which began October 1. The figure includes a significant amount of residual fuel and marine diesel. In Full
12 Oct Singapore prices surge to record highs After lagging crude gains in recent days, fuel oil cargo values surged to hit all-time highs in Singapore today, with gas oil also showing hefty gains.
In Full
12 Oct Lanka IOC to offer bunkers in Sri Lanka Lanka IOC has said it plans to offer bunkers in Colombo and Trincomalee within a year, with plans to transform Trincomalee into a bunkering hub shortly afterwards. In Full
12 Oct November fuel oil arrivals in Asia seen at 1 million tonnes West to East fuel oil arrivals are seen at around one third of expected October arrivals as limited Chinese uptake leaves Singapore based traders reluctant to import more cargoes and the arbitrage window remains closed. In Full
08 Oct Huge utility demand sees Europe-US arb exploited 500,000 mt of arbitrage headed to US from Europe as record high natural gas prices on both sides of the Atlantic forces bunker suppliers to compete for fuel oil product. In Full
07 Oct Singapore residual stocks rise again Residual stocks continue recovery from 12-month low, and even more arbitrage arrivals are expected in the next two weeks. In Full
06 Oct USGC cargo prices soar, avails tight for weeks Arbitrage opportunities from USGC to Caribbean and Central America, good
bunker demand, refinery turnarounds and increasing coker margins see avails
dwindle. In Full
05 Oct Shell South Africa to sell Sapref share Shell in advanced talks to sell 25% share of Sapref joint venture, Durban's biggest source of bunker fuels, in a move that could potentially break oil majors' grip on the country's market. In Full
04 Oct Titan chief bullish on China and expansion policy Barry Cheung, chief executive of Titan Petrochemicals Group, reveals a bullish outlook on Chinese oil demand and continued expansion plans for the fast-growing company. In Full
04 Oct California: Schwarzenegger vetoes emissions bill Governor of California, Arnold Schwarzenegger has vetoed Assembly Bill 2042 in a move applauded by shipping trade associations and slammed by environmental groups. In Full
01 Oct Study of fuel additive shows promising emission reductions Port of Vancouver and private firms conclude study of a fuel additive designed to reduce harmful air emissions in land-based container handling equipment - results suggest product could also be used in shipping. In Full
01 Oct Baltic buyers baulk at bullish distillates Gains in bunker prices overnight have left many players around the Baltic with little to do today, as higher fuel oil and escalating distillate numbers frightened off many buyers. In Full
