Traders and refiners in China have continued to import bitumen blend in July despite the feedstock now attracting a new consumption tax of Yuan 1,218/mt ($188.40).

The project aims to demonstrate that offshore-based hydrogen production enables an efficient, cost-effective and sustainable way to produce green hydrogen.

The premium for supply of Singapore ex-wharf marine fuel 0.5%S bunker on a term contract basis for August dates were being inked at a premium of $3.50-$3.75/mt over Singapore Marine Fuel 0.5%S cargo assessments, industry sources said.

Underpinning the rise in residue inventory was a 79% increase in fuel oil imports over the same period to 1.28 million mt, as imports rose from all regions except Europe. The total imports were last higher in the week ended April 14, at 1.44 million mt.

Secretary of State for Business and Energy Kwasi Kwarteng said July 21 that the strategy would be published in the next few weeks.

The carrier had previously been expected in July-August.

All these exported fuel oil barrels were under warehouse trade and processing trade regime, suggesting that they were all for bonded bunkering.

**Goureh-Jask pipeline bypasses Strait of Hormuz for oil exports **Secures Iran's shipments amid rising tensions in Persian Gulf