LATEST
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- SAUDI DATA: Jet fuel exports fall 22% on month to 349,000 mt in March
- REFINERY NEWS: Sinopec Hainan resumes operations after 2-month maintenance
- REFINERY NEWS: Livorno lubricants work ongoing, seen done end-July
- OIL FUTURES: Brent crude prices climb further on supply concerns
- REFINERY NEWS: Maintenance work begins at Ghana's Tema, restart date still undecided
- Russia grants waiver for LNG supplies from Yamal LNG to former Gazprom unit
- SAUDI ARABIA DATA: March middle distillates demand jumps 23% on month
- Russia expects 5-8% drop in 2022 oil output following Ukraine invasion
- Eight VLGCs delivered in January-April, out of total 25 LPG ships: Bancosta
- INTERVIEW: Geopolitical tensions revive Asia's appetite for Canadian LNG: Alberta minister
Supply & Demand
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17 hrs agoSAUDI DATA: Jet fuel exports fall 22% on month to 349,000 mt in MarchThe month-on-month dip in outflows came amid a closed arbitrage to send jet fuel cargoes from the East of Suez to Europe in March, S&P Global Commodity Insights reported in early April.
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17 hrs agoREFINERY NEWS: Sinopec Hainan resumes operations after 2-month maintenanceState-owned Sinopec's Hainan Petrochemical refinery in southern China has gradually resumed operations after a scheduled maintenance which started on March 15, a source with the refinery said May 26.
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17 hrs agoREFINERY NEWS: Livorno lubricants work ongoing, seen done end-JulyThe Livorno refinery in Tuscany is undergoing maintenance and upgrade works at its lubricants unit, which will be completed towards the end of July prior to a restart, sources close to the plant said.
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17 hrs agoOIL FUTURES: Brent crude prices climb further on supply concernsAcross the Atlantic, crude oil stocks fell 1.02 million barrels to 419.8 million barrels in the week ended May 20, showed EIA data released late-May 25.
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18 hrs agoREFINERY NEWS: Maintenance work begins at Ghana's Tema, restart date still undecidedSome rehabilitation and maintenance work at Ghana's sole oil refinery has begun though an exact time period for the restart of the plant has not yet been decided, a source close to the matter said 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