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Supply/Demand News Search News Archives
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4 JulBad weather set to disrupt Zhoushan's bunker supplyHigh wind was forecast for July 4-6 while thunderstorms were July 7-8, according to Zhoushan Marine Station's meteorological services.
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4 JulREFINERY NEWS: French Lavera back from maintenance: sourcesLocal media reported that the refinery has been restarting units since late June following the maintenance which could result in flaring.
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4 JulSingapore June fuel oil derivative MOC trades rise 18% on monthThe HSFO market was well supplied in June as Singapore saw an increase in a cargo inflow from the Middle East, market sources said, adding Asia could be one of the major destinations of Russian fuel oil cargoes.
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4 JulRussian fuel oil exports from Tuapse seen at 420,000 mt in JulyThe Tuapse refinery only recently returned online after halting crude intake mid-March because it could not readily ship its production amid Western sanctions and self-sanctioning by international buyers following the invasion of Ukraine.
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4 JulOIL FUTURES: Crude up despite deteriorating macroeconomic pictureDespite deteriorating macroeconomic conditions shown by the US ISM Manufacturing Index on July 1, oil prices remain supported, with OPEC+ struggling to meet their supply increases and disruptions in Libya and Ecuador continuing to show the fragility of the supply picture.
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4 JulIRAQ DATA: Total June oil exports up 0.4% amid higher OPEC+ quotaTotal federal oil exports rose 2.2% to 3.373 million b/d, oil ministry data showed July 1
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1 JulFEATURE: European middle distillate liquidity plummets amid extreme price volatilityIncreased costs of hedging and executing swap trades has also caused a major blow to liquidity, as exchanges such as Europe's Intercontinental Exchange hiked margin calls.
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1 JulBUNKERWORLD INDEX: Demand for light products curtails VLSFO feedstock*Lack of cutterstocks leaves Singapore VLSFO tight *Limited European VLSFO as refiners run sweet crude *Lack of diesel supports US Pacific NW VLSFO