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FEATURE: Domestic LSFO production outpaces demand in China's bonded bunker fuel market
Apr 16, 2021
Platts Bunkerworld .
**Demand falls short of supply **Export quotas fail to stem growth
MPA, industry partners complete first biofuel trial with ocean-going ship in Singapore
Apr 15, 2021
Platts Bunkerworld .
**Biofuel used cuts CO2 emissions by 80%-90% well-to-exhaust compared with HFO/VLSFO **Trial to aid strategy for biofuels use to support BHP's key shipping routes
Containership Ever Given arrested by Suez Canal Authority: sources
Apr 14, 2021
Platts Bunkerworld .
The SCA's claim against Shoei Kisen includes $300 million as a salvage bonus and $300 million for loss of reputation. The claim on reputation has been disputed by Shoei Kisen and its insurer, sources said.
INTERVIEW: Hydrogen spot markets a decade away, but costs falling fast: Hydrogen Council
Apr 13, 2021
Platts Bunkerworld .
Over $2.5 trillion of investment in hydrogen was planned globally through to 2050, Wilson said.
EMEA residual fuel: Key market indicators
Apr 12, 2021
Bunkerworld
Saudi Arabia has been seen pulling in fuel oil cargoes from the ARA region in April, with the Aframax Seatribute loading about 80,000 mt of fuel oil from Rotterdam on April 4 with an estimated time of arrival at Yanbu port of April 19, according to data from cFlow, Platts trade flow software.
BUNKERWORLD INDEX: Prices show mixed signals amid varying local dynamics, bearish crude indicators
Apr 9, 2021
Platts Bunkerworld .
**Fujairah demand weak, supply good **Rotterdam demand steady, some tightness **Panama demand firming
Glencore starts low sulfur bunker supply in Singapore: sources
Apr 8, 2021
Platts
Glencore move to include low sulfur bunker supply comes amid progressively higher sales of the erstwhile mainstay high sulfur bunker fuel that the world's largest ship refueling destination has been witnessing over the course of 2020.
FUJAIRAH DATA: Oil product stocks rise on week led by record jump in fuel oils
Apr 7, 2021
Platts Bunkerworld .
**Fuel oil diverted from Singapore **Fujairah marine fuel at discount again
Vitol eyes a decade of oil growth but warns on jet fuel recovery
Apr 6, 2021
Platts
Company to pursue growth in bunkering and other sectors
Asia crude oil: Key market indicators this week
Apr 5, 2021
Platts Bunkerworld .
Crude oil futures retreated marginally during mid-morning trade in Asia April 5, after the OPEC+ alliance announced its plans late April 1 to gradually taper off production cuts from May to July.
BUNKERWORLD: Marine fuel prices bearish despite pockets of tightness, congestion
Apr 1, 2021
Bunkerworld
**Fujairah to see improved 0.5%S FO supply **Tightness at Rotterdam likely to linger **Poor visibility, weather at USGC may cause delays
Singapore bunkers seen little impacted by VPS sediment content alert: sources
Mar 31, 2021
Platts Bunkerworld .
**VPS sample test showed TSP of up to 0.18 % m/m **Deliveries made by multiple suppliers between March 19-23: VPS
East of Suez ULSD shipments to Europe set at 510,000 mt in March, Suez transit dependent: cFlow
Mar 26, 2021
Bunkerworld
Around 510,000 mt of East of Suez ULSD is set to arrive in Europe in March, including around 220,000 mt sent in the seven days to March 26, according to cFlow, S&P Global Platts trade flow software.
Stuck Suez Canal container ship disrupts global commodities trade: sources
Mar 24, 2021
Platts
**Demurrage costs to rise **Salvage operations on
China's Jan-Feb bonded bunker fuel supply hits record high of 3.2 million mt
Mar 23, 2021
Platts Bunkerworld .
**Jan-Feb bonded bunker fuel supply jumps 50% on year **Output of LSFO for bonded bunkering rise 223%
BUNKERWORLD INDEX: Prices dip amid soft crude outlooks
Mar 19, 2021
Platts Bunkerworld .
In Fujairah, the premium for low sulfur marine fuel, which had soared to multi-month highs over the course of the week ended March 19, was likely to edge lower in the near term, said traders.
SAUDI DATA: Crude exports rise again as Saudi Arabia draws on inventories
Mar 18, 2021
Platts
**Supplies to market rose to 9.194 mil b/d in January **Output just below 9.119 million b/d OPEC+ quota
FUJAIRAH DATA: Oil product inventory rises 7% led by light distillates
Mar 17, 2021
Platts Bunkerworld .
**Heavy distillate inventory increased 6.1% **Middle distillate stocks declined 6.7%
World oil demand may have peaked in 2019 amid energy transition: IRENA
Mar 16, 2021
Platts
Under the 1.5 C scenario, global oil production is projected to plummet by 85% to slightly above 11 million b/d by 2050 from current levels, IRENA said.
Asia residual fuel - Key market indicators this week
Mar 15, 2021
Platts
Rising seasonal demand for high sulfur fuel oil from South Asia to meet increasing power generation demand remains a ray of hope for refiners
BUNKERWORLD INDEX: Prices rise amid firming crude and variable VLSFO supply
Mar 12, 2021
Platts Bunkerworld .
**Fujairah market set to firm on limited availability **Rotterdam access to product expected to improve **Pockets of good demand in Latin America
Asia LR1 rates trade at 2021 high as tankers delay return to Middle East: sources
Mar 11, 2021
Platts
At current bunker prices, LR1s are likely to earn around $8,000 daily on the benchmark PG-Japan route and another $3,000/d on backhaul, according to shipping industry estimates.
Singapore 180 CST HSFO to firm in the near term on uptick in regional demand: traders
Mar 10, 2021
Bunkerworld
The country may to import around 350,000 mt of HSFO in March, up from 300,000 mt in February, as rising temperatures boosts power demand.
Saudi Arabia discipline pushes OPEC+ crude output to 4-month low in Feb: Platts survey
Mar 8, 2021
Platts
**OPEC pumps 24.86 mil b/d in Feb, non-OPEC adds 12.97 mil b/d **Saudi Arabia produces 8.13 mil b/d, fulfilling extra cut pledge
BUNKERWORLD INDEX: Bullish supply conditions ahead at some key ports
Mar 5, 2021
Platts Bunkerworld .
**Firm prices likely to dampen Singapore demand **Rotterdam 0.5%S FO supply outlook limited **USGC market heard tight, congested
Singapore March ex-wharf marine fuel term settles at $6/mt premium
Mar 4, 2021
Platts Bunkerworld .
"Volumes are expected to be higher in March compared to Feb as Feb was a short month," a trader said.
OIL FUTURES: Rally accelerates as US gasoline draw offset Gulf Coast crude build
Mar 3, 2021
Platts Bunkerworld .
An overnight oil price rally extended midmorning March 3 after a larger-than-expected drop in US gasoline stocks offset the largest-ever one-week build in crude inventories.
Europe and Africa residual fuel: Key market indicators this week
Mar 2, 2021
Platts
** Support remains on lower sulfur fuel oils, as reduced refinery runs continue to dampen resupply ** Fundamentals diverge between low and high sulfur products
Asia residual fuel: Key market indicators this week March 1-5
Mar 1, 2021
Platts Bunkerworld .
Higher arbitrage volumes of low sulfur fuel oil cargo arriving in Singapore in March underpinned recent trading sentiment, although the Singapore delivered bunker market is still expected to see an initial period of tightness, as most arrivals are scheduled in the latter hald of the month.
Lanka Marine Services starts 0.5%S marine fuel sales at Hambantota
Mar 1, 2021
Bunkerworld
"Cargo imports are done by Sinopec Sri Lanka with whom LMS has entered into a strategic partnership," company officials said.
BUNKERWORLD INDEX: Prices show bullish signs, track rising crude
Feb 26, 2021
Platts
**Asian buyers securing product ahead of further rises **Tightness in 0.5%S FO expected at Rotterdam **US prices supported by post-storm recovery
Rising volatility in marine markets lifts hedging against Platts instruments: ICE
Feb 25, 2021
Platts Bunkerworld .
**ICE traded volumes of marine fuel up 114% on year **Freight contract exposure hedged as far as 2025 **Different approaches to managing risk
Singapore's MPA, Yara join ammonia-fueled tanker development project
Feb 24, 2021
Platts Bunkerworld .
The consortium will tap onto MPA's experience as a bunkering hub and flag state to gather insights on safety issues and ammonia bunkering.
Bunker markets in Panama see strong hikes on supply curbs from US Gulf Coast
Feb 23, 2021
Platts
"Supply has tightened a lot and has triggered higher levels, especially for deliveries in the next 5-10 days," a market source said.
S. Korea's SK Energy to cut low sulfur bunker fuel output in March, April on VRDS maintenance
Feb 22, 2021
Platts Bunkerworld .
To make up the shortfall in production, SK Energy has bought one MR-sized low sulfur fuel oil cargo from Singapore from arrival in March, sources said.
For green hydrogen to catch up with blue, it's a long ride in India
Feb 18, 2021
Platts
"Until such time green hydrogen processes are fully developed, blue hydrogen can supplement overall hydrogen supply," Malhotra said.
Singapore HSFO quality and testing procedures
Feb 17, 2021
Platts Bunkerworld .
Platts welcomes feedback on the above issues, including testing methods, and quality specifications.
Bunkerworld Index: Prices rising with crude, but demand remains weak
Feb 12, 2021
Platts Bunkerworld .
The BW0.5%S Index ended Feb. 11 at $486/mt, down $4/mt day on day but up $18/mt on the week and $39/mt higher than 30 days previously.
INTERVIEW: IMO 2020 a success but other hurdles linger for bunker industry: expert
Feb 10, 2021
Platts Bunkerworld .
Margin pressures, credit squeeze remain concerns while industry consolidation is set to continue, Tolson said.
Singapore physical 10 ppm gasoil crack hits 6-month high on tight supply balances
Feb 9, 2021
Platts Bunkerworld .
Asian gasoil balances could see further tightening over the next few months with upcoming refinery maintenance, Platts Analytics said.
Bunkerworld Index: Rising crude supports bunker prices, but patchy demand ahead
Feb 5, 2021
Platts
**Singapore 0.5%S FO supply expected greater in March **NWE demand expected to remain weak **Poor demand but tight logistics at New York
Oil's peak seen nowhere near in India despite energy transition
Feb 5, 2021
Platts Bunkerworld .
**BPCL to aggressively pursue refining expansion **Volatile markets call for increased hedging **Oil and gas, new energy consumption to go hand-in-hand
MARINE FUEL 0.5%: Outright prices rebound on tight supply; retail bunker market demand below normal
Feb 4, 2021
Bunkerworld
Singapore is expected to receive about 2.5 million mt of low sulfur fuel oil from the West in February, traders said.
Iranian oil tanker in Egypt's Great Bitter Lake after running aground in Suez Canal: Platts cFlow
Feb 3, 2021
Platts
The Aframax Sahra ran aground due to engine trouble around Km 123 of the Suez Canal while transiting from the Red Sea to the Mediterranean.
Asia residual fuel market - Key market indicators this week
Feb 1, 2021
Platts Bunkerworld .
The Singapore Marine fuel 0.5%S bunker demand is expected to dip over Feb. 1-5, ahead of the Lunar New Year holidays, after the uptick in the second half of January, traders said, even as the North Asian power sector demand for Singapore Marine Fuel 0.5%S cargoes peter.
Bunkerworld Index: Vaccine shortages, lower Chinese mobility weigh on crude, marine fuel
Jan 29, 2021
Bunkerworld
**Singapore market seen lower as Lunar New Year nears **More vessels in Mediterranean signal firming demand **Diverging US sentiment on firming upstream, limited liquidity
Singapore's Eastern Pacific Shipping surpasses CO2 reduction targets ahead of schedule
Jan 28, 2021
Platts
Over the next few years, EPS will add LNG and LPG Dual-Fuel vessels across various segments.
Global carbon market grows 20% to $272 billion in 2020: Refinitiv
Jan 27, 2021
Platts Bunkerworld .
**Market shrugs off pandemic to increase further **International climate ambition driving growth in value **More than five-fold expansion since 2017
Storage companies seen pivotal for mitigating energy transition risk
Jan 26, 2021
Platts
**Storage firms have skills base to handle hydrogen **Storage an attractive prospect to investors **ESG attracting a range of interested players
Bunker sales in Panama recover in Dec, resilience seen in H2 2020
Jan 25, 2021
Platts Bunkerworld .
**Bunker sales in Panama rise 13.6% in December **Total sales of bunkers in 2020 fall 11.4% on year **Prices on the rise
Bunkerworld Index: Prices waver as lockdowns intensify
Jan 22, 2021
Platts Bunkerworld .
The BW0.5%S Index ended Jan. 21 at $447/mt, down $4/mt on the day, up $1/mt on the week and $41/mt higher than 30 days previously.
TFG Marine to commence bunkering operations at Falmouth from January
Jan 21, 2021
Platts
**Company to start bunkering operations at Falmouth anchorage in Jan **TFG Marine to commence operations with two barges first **Plans underway to expand bunker fleet over time
US sanctions European oil traders, tankers for violating Venezuelan crude oil sanctions
Jan 20, 2021
Platts Bunkerworld .
**Sanctions extend to those working with Mexican network **Ban on Citgo share seizures extended until July **Moves come on Trump's last full day in office
Singapore Marine Fuel crack at 10-month high on strong N Asia LSFO demand
Jan 19, 2021
Platts
Rally in the Asian marine fuel 0.5%S to be short-lived after cold snap retreats.
Asia residual fuel market - Key market indicators this week
Jan 18, 2021
Platts Bunkerworld .
While bunker demand in the Singapore Marine fuel 0.5% market continued to be lacklustre, the market has been buoyed by demand from utility companies in North Asia amid low fuel inventory and high LNG prices, traders said.
OPEC, shale output needs to rise to offset possible year-end supply squeeze: Vitol CEO
Jan 13, 2021
Platts Bunkerworld .
**OPEC+ slows down output rises more than expected **2021 demand increase to hover around 6 mil-6.5 mil b/d **Oil prices rising due to potential supply squeeze
European VLSFO crack hits 10-month high on tight supply
Jan 12, 2021
Platts
**0.5%S marine fuel crack up $1 in past week **Weak supply supporting prices: sources
Asia residual fuel market - Key market indicators this week
Jan 11, 2021
Platts Bunkerworld .
The Singapore Marine fuel 0.5%S market witnessed tepid downstream bunker demand in the first trading week of 2021, although bunker traders have pegged their hopes on a demand recovery for the second half of the month.
Bunkerworld Index: Prices rise as bullish crude factors offset limp demand
Jan 8, 2021
Platts Bunkerworld .
**Traders at Asian hubs hope for higher demand in H2 Jan **European market lacks direction amid mixed buying interest **USGC ports see weak demand, pockets of tightness elsewhere
Saudi Aramco OSP hike at high end of market expectations: traders
Jan 7, 2021
Platts Bunkerworld .
**Aramco raises Feb Asia OSPs by 20-70 cents/b across all grades **Supply cuts, Dubai structure support price hike
Demand for LSFO set to rise in Fujairah after Qatar embargo lifted: traders
Jan 6, 2021
Platts
**Qatar LSFO demand seen returning to emirate **Demand moved to Singapore during embargo
OPEC+ adjourns meeting until Jan. 5 with no deal yet on February oil quotas: delegates
Jan 5, 2021
Bunkerworld
**Russia seeks 500,000 b/d increase, but many opposed **Saudi Prince Abdulaziz says loose pumps may sink market **Novak says vaccines have improved oil market outlook
Asia residual fuel market - Key market indicators this week
Jan 4, 2021
Platts Bunkerworld .
Firmer fundamentals are expected to buoy sentiment in the Asian low sulfur fuel oil market in the first trading week of 2021 amid lower arbitrage supply from the West into Singapore and an uptick in demand from North Asian power utilities.
Bunkerworld Index: Prices rise amid firming crude, pockets of tightness for bunkers
Dec 31, 2020
Platts Bunkerworld .
**VLSFO in South Korea set for Q1 limits on availability **Durban HSFO tightness likely to linger following explosion **USGC demand may pick up following seasonal slowdown
European VLSFO cracks hit nine-month high despite poor demand
Dec 30, 2020
Bunkerworld
The 0.5%S European marine fuel cracks hit nine-month highs on Dec. 29 despite weak demand through December.
FEATURE: Container shippers hoping for rate relief in Q1 2021 may have to wait
Dec 29, 2020
Platts
Shippers hoping for a break from escalating container rates in the new year may need to endure several more weeks of challenging market conditions before an increase in box supply in Asia balances with demand for available capacity.
AMERICAS BUNKERS: Key market indicators Dec. 28-Jan. 1
Dec 28, 2020
Platts Bunkerworld .
Retail marine fuel spot markets entered the week of Dec. 28-Jan. 1 following a week of bullish demand, but liquidity may slow down heading into the end of the year as demand remains weak.
Bunkerworld Index: Prices waver amid economic headwinds
Dec 24, 2020
Platts Bunkerworld .
**North Asia bunker outlook bullish on lower stocks, continuing demand **Uncertain outlook at Rotterdam amid lagging demand and vaccine optimism **USGC, Panama demand likely to wane in line with seasonal expectations
UK fuel demand set to slump over new travel curbs from COVID-19 variant
Dec 22, 2020
Bunkerworld
**London traffic slumps to lowest since early June **Move to slash European air travel demand **Jet fuel demand facing new 'downside risk'
Asia residual fuel - Key market indicators this week
Dec 21, 2020
Platts Bunkerworld .
Shipowners are actively beginning to procure low sulfur fuel oil for January following a slowdown in December ahead of the festive season, setting the market in recovery mode.
SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt
Dec 14, 2020
Platts Bunkerworld .
**MFO 380 CST sales maintain momentum to hit 995,000 mt **Nov LSFO sales rise 4.5% from Oct
Singapore HSFO prompt time spreads drop to near two-month lows
Dec 9, 2020
Bunkerworld
**180 CST time spread flips to contango **Power sector demand dwindles on lower temperature
S Korea HSFO differential hits 4-month high on tight supply
Dec 9, 2020
Platts Bunkerworld .
**Tightness expected to when GS Caltex resumes supply Dec. 20 **GS Caltex typically produces 120,000 mt of HSFO/month
FUJAIRAH DATA: Oil products stocks jump 12%, biggest gain since February
Dec 9, 2020
Platts Bunkerworld .
**Gains across the board for first time since August **Exports have slowed in recent months **Fuel oil demand slows as weather turns colder
FEATURE: Fujairah eyes 4th refinery in 2021 as Oman plans to add storage
Dec 8, 2020
Platts Bunkerworld .
**Brooge Energy plans 25,000 b/d refinery **Fujairah marine fuel prices tumble this year **Murban futures trading may provide incremental boost
First European 0.5%S marine fuel paper indication seen in Platts MOC
Dec 7, 2020
Bunkerworld
The first 0.5%S marine fuel paper instrument was seen in the Platts Market on Close process Dec. 7, 11 months since the implementation of the International Maritime Organisations sulfur cap which came into play on Jan. 1, 2020.
European VLSFO backwardation hits nine-month high
Dec 4, 2020
Platts Bunkerworld .
The European very low sulfur fuel oil market has hit nine-month high as product comes to the market ahead of year-end.
FUJAIRAH DATA: Oil product stocks rise 2.3% on big build in heavy distillates
Dec 2, 2020
Bunkerworld
**Heavy distillate inventories rise from 2-year low **Middle distillates fall from last week's record high **Light distillates fall slightly from 10-week high
JAPAN DATA: Nov. 22-28 oil product exports rebound 23% to 2.4 mil barrels
Dec 2, 2020
Platts Bunkerworld .
**Gasoil exports jump 36.9% **HSFO exports rise 6.6%, LSFO exports up 34.3%
CHINA DATA: Oct fuel oil exports fall 3% on month to 1.22 mil mt
Dec 1, 2020
Bunkerworld
**Exports soar 164.7% on-year **Chinese refineries have significantly expanded capacity
European fuel oil paper volumes in November MOC up 522% on month
Dec 1, 2020
Platts Bunkerworld .
Hi-lo most commonly traded derivative.
OPEC+ heads into crunch-time negotiations still in search of unity over 2021 oil quotas
Nov 30, 2020
Platts Bunkerworld .
**Preliminary talks over extending oil cuts to boost market **Russia, Kazakhstan said to seek output rise, UAE undecided **Formal OPEC meeting Nov. 30, non-OPEC joins Dec. 1
Bunkerworld Index: Prices firm on enduring pockets of demand, optimism for crude
Nov 27, 2020
Platts Bunkerworld .
**USGC prices on the rise despite easing availability **ARA MGO supply concerns appear **Quarantine rule hits Hong Kong buying appetite
NWE gasoline exports to WAF fall in November: Kpler
Nov 26, 2020
Platts
**First decline in gasoline flows for 7 months **Flurry of floating storage fixtures
FUJAIRAH DATA: Oil product stocks fall on 11% slide in heavy distillates
Nov 25, 2020
Platts Bunkerworld .
Over the week to Nov. 23, middle distillates such as jet fuel and diesel climbed 3% to 6.161 million barrels, a record high.
ANALYSIS: NWE gasoline arbitrage to US weakens after Thanksgiving freight rate rise
Nov 24, 2020
Platts
**US demand falling seasonally and on COVID-19 **NWE gasoline crack near negative territory
Asia residual fuel market - Key market indicators this week
Nov 23, 2020
Platts Bunkerworld .
**LSFO output shows slight increase **Container liners provide baseline demand
TENDER DATA: Japan's Ministry of Defense seeks 57,400 barrels 0.1% sulfur A-fuel oil for March
Nov 17, 2020
Platts Bunkerworld .
**A-fuel is a blend of gasoil and fuel oil in a 90:10 ratio **Ministry regularly buys by fuel by tender
Asia residual fuel market - Key market indicators this week
Nov 16, 2020
Platts Bunkerworld .
**Singapore 0.5%S FO values expected to remain supported **November 3.5%S FO demand so far firmer than October's level
European fuel oil inventories fell in Sept. amid tight supply: IEA
Nov 12, 2020
Platts
**Fuel oil supply hinges on other products **Marine demand remains steady
Fourth propulsion revolution, more R&D to aid greener shipping: ICS
Nov 11, 2020
Platts Bunkerworld .
**Ammonia, hydrogen and electric batteries hold promise **R&D fund imperative to develop zero carbon fuels **Charterers, financiers coming forward to promote greener shipping
OIL FUTURES: Crude extends losses on pandemic concerns, pares back overnight gains
Nov 10, 2020
Platts Bunkerworld .
Analysts warn, for all the excitement a vaccine would bring, there are still the practicalities to get out of the way first.
TFG Marine starts bunkering operations in areas along US Gulf Coast
Nov 6, 2020
Platts Bunkerworld .
**TFG Marine scaling up global footprint **Became accredited bunker supplier in Singapore this year
Singapore bunker sales remain resilient despite strong headwinds
Nov 5, 2020
Platts Bunkerworld .
"Singapore will continue to grow its marine fuel volumes in the next few months," an industry consultant said.
Neste to buy Bunge's oil, fat processing plant in Rotterdam for Eur258 million
Nov 4, 2020
Platts Bunkerworld .
"The acquisition of the refinery plant supports our global growth strategy in renewables," Neste CEO Peter Vanacker said.
October CPC loadings up 8% on month to 1.23 mil b/d
Nov 3, 2020
Platts
**Shipments down 12.5% on year **Kazakh shipments up 15% on month
Singapore 380 CST HSFO prompt backwardation widens to 9-month high
Nov 2, 2020
Platts Bunkerworld .
"The HSFO market is strong. Refiners are cutting their run rates... we still see demand from Pakistan. Demand from the power sector is still strong," a fuel oil trader said.
Singapore LSFO inter-month structure sees volatility amid low production, lacklustre demand
Oct 30, 2020
Bunkerworld
Most Asian refiners continue to maintain lower LSFO production rates, continuing a production plan which began towards the end of Q2.
IMO, S. Korea partner to help less-developed nations meet shipping climate goals
Oct 29, 2020
Platts Bunkerworld .
**Partners recognize barriers to poorer nations meeting targets **Geopolitics may cause regional approaches
Singapore's MPA launches proposal for additional LNG bunker supplier licenses
Oct 28, 2020
Platts
"MPA seeks to announce the successful award of new LNG bunker supplier licence(s), if any, by February 2021," it added.