LATEST
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- INTERVIEW: Japan's INPEX eyes US, UAE midstream LNG; to accelerate Ichthys expansion: CEO
- Sri Lankan bunker operations unlikely to be impacted by monsoon in July
- OIL FUTURES: Crude drops over 7% as recession fears mount
- OIL FUTURES: Prices drop sharply as recession fears eclipse global supply concerns
- Southeast gas markets pull incremental supply from Freeport LNG eastbound
- Global airline capacity breaks 100 million seats mark: OAG
- Front month open interest for Singapore ICE HSFO contracts falls 16% in June
- Tight marine fuel 0.5%S supply in June, refiners focus on gasoline, distillates output
- REFINERY NEWS ROUNDUP: Incidents, strikes at plants in Europe
- Zhoushan-Singapore delivered bunker spread narrows to seven-month low
Supply & Demand
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10 hrs agoSri Lankan bunker operations unlikely to be impacted by monsoon in JulyBunker operations in Sri Lanka were expected to be normal in July, with moderate demand as the monsoon season continues, sources said, adding that sales have been lower of late than seen during a busy June.
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10 hrs agoOIL FUTURES: Crude drops over 7% as recession fears mountCrude oil futures plunged more than 7% during midmorning New York trading July 5 with NYMEX WTI falling below $100/b as recession fears flooded the market amid the return of US traders following a long holiday weekend.
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10 hrs agoOIL FUTURES: Prices drop sharply as recession fears eclipse global supply concernsCrude prices moved sharply lower July 5, with ICE Brent dropping 9.5%, as recession fears fueled demand growth concerns, overshadowing continued global supply tightness.
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10 hrs agoGlobal airline capacity breaks 100 million seats mark: OAGScheduled global airline capacity rose about 1.5 million seats, or 1.5%, to 101.4 million seats for the week started July 4, with many regions registering small increases, aviation data company OAG said, indicating rising jet fuel demand.
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18 hrs agoFront month open interest for Singapore ICE HSFO contracts falls 16% in JuneMarket sources said Asia could also be one of the major destinations for Russian HSFO cargoes after the West placed sanctions on Russian oil imports.
Feature & Analysis
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16 FebREFINERY NEWS: Pakistan's National Refinery throughput falls to 66% in H2 2021Sales of fuel oil, also known as furnace oil, declined due to lower demand for electricity during the period, which adversely affected the performance of the fuel segment.
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11 FebREFINERY NEWS: Rosneft's 2021 throughput at Russian refineries up 2.3% on yearRussia's Rosneft said that throughput at its Russian refineries in 2021 rose 2.3% on the year to 95.1 million mt. In Q4, they processed 23.4 million mt, up 1.6% on the year
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29 Dec 2021OIL FUTURES: Crude turns lower as US stock levels dropUS crude inventories dropped more than 3 million barrels in the week ended Dec. 24, in line with industry expectations, after falling by just shy of 4 million barrels the week before, American Petroleum Institute data released late Dec. 28 showed.
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24 Dec 2021China may delay 2022 oil product export quota allocation, affecting Jan outflowBeijing controls China's domestically produced oil product exports by quotas.
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27 Oct 2021Singapore's 380 CST bunker sales slip to one-year low; other ports eager to get pie"Not all physical suppliers here [in Singapore] supply HSFO. Shipping bottlenecks and delayed vessel sailing schedules [in the Asian region] are also weighing on overall demand," an industry source said.
Company News
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23 JunPlatts opens consultation on European crude oil assessments that reflect Russian crude, exports from Russian portsIt will also impose a ban on EU operators insuring and financing the shipping of oil from Russia to third countries.
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8 JunS&P Global to reflect WTI Midland in CIF Dated Brent from July 2022 deliveriesPlease send all comments to europe_crude@spglobal.com and pricegroup@spglobal.com.
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8 JunS&P Global to include WTI Midland in Dated Brent, related assessments from June 2023The company said it had received "widespread support" for the move.
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7 JunS&P Global will discontinue its 3.5% IFO 380 bunker assessment in Callao, PeruSources also said there has been no HSFO available for sale since early-2020.
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2 JunChina Sinopec forays in Singapore bunker marketWith Sinopec addition, there are now 42 licensed suppliers in Singapore, which has seen its accredited bunker supplier list shrink from over 50 in September 2017 to 45 in January 2021 and 41 in August 2021.
Legislation & Regulations
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6 MaySingapore urges additional bunker fuel testing on fuel quality concernsMPA's recommendations follow its investigation into bunker fuel quality in Singapore after reports that several ships were affected by tainted fuel containing high concentration of chlorinated organic compounds.
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4 MayEUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicatorsIncreased gasoil prices have led low sulfur straight run barrels coming out of Skikda, Algeria, to flow into feedstock markets, rather than into very low sulfur fuel oil pools.
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5 AprEU bans Russian coal and shipping from ports, 'working' on oil sanctionsNot included in this latest round is a ban on oil imports, despite calls from some member states for that.
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4 AprFrance's Macron calls for more sanctions on Russian oil and coalThe EU has to date imposed sanctions on Russian energy, focusing on areas such as investment and technology sales, but there has been no outright ban on imports, although Germany is moving to try to limit its use of Russian gas.
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17 Mar