LATEST
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- INTERVIEW: Wartsila sees long-term role for oil in shipping on scrubber advances
- INDONESIA DATA: Gasoil imports rise 37% on month to 559,920 mt in March
- China's fuel oil exports seen continuing downward trend in May amid tight supply
- ADNOC maintains forecast for May 2023 Murban crude export volumes at 1.5 mil b/d
- SINGAPORE DATA: Residual fuel stocks rise 12.5% on higher imports
- REFINERY NEWS: Pemex Salina Cruz refinery shuts units after earthquake
- SINGAPORE DATA: Middle distillate stocks dip 1% on week amid regional gasoil, jet fuel demand
- SINGAPORE DATA: Bitumen exports fall 18% on week to 40,538 mt
- LSFO arbitrage flow to Singapore remains shut for June on record high backwardation
- SAUDI DATA: Jet fuel exports fall 22% on month to 349,000 mt in March
Supply & Demand
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11 hrs agoINDONESIA DATA: Gasoil imports rise 37% on month to 559,920 mt in MarchGasoil inflows into Indonesia rose 97.43% on a year on year basis, the data showed.
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11 hrs agoChina's fuel oil exports seen continuing downward trend in May amid tight supplyThe delivered marine fuel bunker premiums in Zhoushan to Singapore delivered bunker had widened to an all-time high of $45/mt over May 10-12 for the first time since Jan. 23, 2020, S&P Global data showed.
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12 hrs agoADNOC maintains forecast for May 2023 Murban crude export volumes at 1.5 mil b/dIn its latest report released May 27, the company kept the volume unchanged, with exports for January-April 2023 at 1.5 million b/d each.
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12 hrs agoSINGAPORE DATA: Residual fuel stocks rise 12.5% on higher importsSingapore's fuel oil imports stood at 938,864 mt in the week to May 25, over double 391,979 mt seen in the previous week, the data showed.
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12 hrs agoREFINERY NEWS: Pemex Salina Cruz refinery shuts units after earthquakeMexican state Pemex shut units at its Salinas Cruz, Oaxaca, refinery after a 5.5 magnitude earthquake May 25 a source related to PEMEX operations said to S&P Global Commodity Insights on May 26.
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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17 MayS&P Global Commodity Insights eliminates use of 'hand blends' in trades reported through US MOC process for 0.5%S marine fuelS&P Global understands that the stricter sulfur requirements imposed by the IMO 2020 regulations for 0.5%S marine fuel has resulted in trades that are often close to the maximum specifications compared to HSFO, and feedback suggests that hand blends may have a higher likelihood of specification and quality issues.
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26 AprS&P Global to include Phoenix Star FSU in Singapore fuel oil cargo, ex-wharf bunker MOC from June 1Any offer of oil from vessels accredited for the FOB Singapore cargo and ex-wharf bunkers MOC process for Marine Fuel 0.5% and 380 CST HSFO would be on FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a loading point in FOB Straits trades.
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21 AprGoode Capital Ltd to join Asia fuel oil paper MOCS&P Global has reviewed Goode Capital Ltd and will consider information from Goode Capital Ltd in the Asia assessment process for Asia fuel oil paper, subject at all times to adherence with S&P Global editorial standards.
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11 AprS&P Global launches restricted origin CIF NWE ULSD cargo assessments April 11ULSD 10 ppm Cargoes CIF NWE restricted origin spread
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4 AprS&P Global Commodity Insights discontinues publication of Bunkerworld 180 IndexS&P Global Commodity Insights has discontinued publishing its Bunkerworld 180 Index (BW180), effective March 25, 2022.
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