Fuel Oil
Singapore's middle distillates stocks dip for third week amid robust net exports
Singapore's middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports.
U.S. Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened.
Singapore's middle distillates stocks rebound to more than 11 MMbbl
Singapore's middle distillates stockpiles climbed back above 11 MMbbl despite a rise in net exports for diesel/gasoil and jet fuel/kerosene.
Asia leads in fuel oil imports from Nigeria's Dangote, but volumes may fall
Asia has become the top destination for Nigeria Dangote refinery's low-sulfur straight run (LSSR) fuel oil exports in 2024 so far, though trade sources expect volumes to taper off going ahead.
Asia 10-ppm gasoil refining margins near 18-month low on clouded outlook
Asia's 10-ppm sulfur gasoil refining margins have slumped to a near 18-month low amid mixed market outlooks as well as softer ICE gasoil futures and prompt paper swaps.
Russia suspends publishing monthly fuel stats
Russia's state statistics service Rosstat said on Wednesday it was suspending publication of oil products output data.
Germany's auto industry calls for stricter climate targets for fuel suppliers
Germany needs to go beyond the European Union's guidance on fuels if it wants to achieve its 2045 goal of climate-neutral road traffic.
Japan signs 70 MoUs with partners on energy transition
Japan signed 70 memorandums of understanding (MoUs) on energy transition with partners on Wednesday on the sidelines of the Asia Zero Emission Community (AZEC) ministerial meeting in Jakarta.
Singapore's middle distillates stocks edge up for third week to > 12 MMbbl
Singapore's middle distillates stock levels edged up for a third straight week, hitting above the 12-MMbbl mark, as the decline in jet fuel/kerosene net exports offset gains in diesel/gasoil net exports.
Diesel Direct and Saia Trucking partner to pilot renewable diesel in California
Diesel Direct, a recognized leader in innovative and sustainable fuel delivery solutions across the U.S., has begun a partnership with Saia Trucking.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
