November NYMEX WTI gave up early gains Friday moving into negative territory then closing up slightly.

The Worldscale Association has released its much-awaited bunker prices basis for 2020.

Rising demand for middle distillates from the marine sector and questions around supply should outweigh bearish economic signals for diesel.

Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub rose 14% to 1.15 million mt in the week.

Bunker availability at the Italian ports of Genoa and Augusta is drawing buyers from other Mediterranean ports as the the market remains tight.

One broker suggested a lump sum of up to $4.5 million could be made for an LR2 loading in US Gulf to ship to China, compared with $2.5 million carrying clean products.

"Operators are going to face higher loading prices for their gasoil, as well as, freight cost," a trader said.

The PAS "defines general requirements that apply to all 0.50 mass % sulfur fuels and confirms the applicability of ISO 8217 for those fuels."

"Singapore and Fujairah [bunker] markets will move independently after 2020 depending on the fundamentals of each port,"a trader said.

"Healthy growth is sustainable as we have more supplies online along with transportation capacity expansion," Otabek Karimov, Rosneft's VP for commerce and logistics, said.

Koniordos worked for 14 years across various management functions and geographies in Danfoss.

Vos succeeds Mark Martecchini, who will manage the division's shipowning team and Stolt Tankers' business transformation plan.

The one-year contract with LMTSB is to provide bunkering services within the Lumut Port Limit.

"The main purpose of the imports is [our] cargo security," a Cosmo source said.

"We will keep balancing our own supply with imports and through fuel purchases from our local partners," Fonseca said.

Focus should be on emissions and, by proxy, power, BIMCO said.

Plenty of VLCCs retrofitted with scrubbers are being offered at a discount.

"It is a bull factor for the LR1s," said a chartering source.

"Domestic shipping will start complying as soon as the low sulfur fuel is available," a shipping ministry official said.

"We will stop procuring high sulfur fuel oil by end-October," a global shipping operator said.