AE is the largest privately-owned integrated energy company in Argentina. It is owned 50:50 by BP and Bridas Corp. PAE offered an identical cargo in December for delivery between February 1 and 5.

"This move will cut fuel costs for those importing directly," said an oil ministry official.

Oil futures again settled lower Monday amid demand concerns as more airlines canceled flights to China in a bid to contain coronavirus outbreak.

"I would say it is still early to gauge the impact of the virus," a bunker trader said.

"It's a disaster waiting to happen because the thing is, a lot of this fuel [VLSFO] hasn't been burnt and consumed yet," a shipowner said.

Freight for VLCCs on the USGC-China route has dropped 18% over the last week, falling to levels not seen since end-September on bearish pressure from growing global VLCC supply following IMO 2020 implementation.

Tank storage giant Royal Vopak has completed the divestment its oil terminal based at the Spanish port of Algeciras to First State Investments, the company said Friday.

Declining demand for exhaust gas cleaning systems, or scrubbers, and longer-than-expected lead times in retrofitting them contributed to a difficult year for marine solutions technologist Wartsila, company management said Thursday.

Oil futures price declines extended Friday as demand concerns took center stage amid the further spread of coronavirus outbreak across China and around the world.

Platts understands that Milford Haven port is an active and regular location for the importation of diesel.

Bunker fuel demand had weakened prior to the Lunar New Year holidays, which had also raised stockpiles.

Van Beurden said further production growth was expected from Shell's newly producing Appomattox oil field in the Gulf of Mexico.

This fallout from the coronavirus scare could potentially delay shipments and subsequent voyages.

Ships calling directly/last port/transiting from China are requested to provide the Port Authority a statement declaring if any crew onboard has symptoms.

Freight rates from the West African region heading towards the Far East have dropped considerably in the large tanker market segment over the last three weeks, amid adjustments in the shipping industry after the launch of the new International Maritime Organization sulfur regulations at the start of the year.

Demand for bunker fuel in South Korea remained robust amid competitive prices, even as demand for the compliant low sulfur marine fuel dropped significantly across other Asian ports.

Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub increased by 6.3% on the week to 2.548 million mt as of Wednesday, Insights Global data released Thursday showed.

The scrubbers were installed on the entire Capesize fleet by January 17, the company said.

Singapore delivered marine fuel 0.5%S climbed at a faster pace as compared with the same grade in Fujairah on Wednesday, S&P Global Platts data showed, expanding the gap between the two to the widest since Platts first started assessing the grade on July 1, 2019.

Singapore delivered marine fuel 0.5%S climbed at a faster pace as compared with the same grade in Fujairah on Wednesday, S&P Global Platts data showed, expanding the gap between the two to the widest since Platts first started assessing the grade on July 1, 2019.