China's state-owned refiners are raising planned crude runs in April to average 82% capacity, up from 81% in March, Platts monthly survey showed Tuesday. The 23 refineries surveyed plan to process a combined 17.495 million mt (4.275 ...
Tags: Refiners, PetroChina
The timespread for 500 ppm gasoil swaps in Singapore widened to a four-month high of 83 cents/barrel for May/June Monday, reflecting a tighter market during the regional refinery maintenance season, a narrowing East/West spread and ...
The near-term supply shortage of ultra low sulfur diesel in Northwest Europe has forced up the forward curve backwardation to an 11-month high, and prompted the barges and cargo swaps to trade at the narrowest spread since October 2013, ...
Tags: NWE Diesel, ULSD cargoes
China's crude oil imports in March edged up 0.9% year on year to 23.25 million mt or an average 5.5 million b/d, according to preliminary data released Thursday by the General Administration of Customs. The imports were down 8.8% from ...
Rotterdam diesel barge daily trading volumes have risen to their highest level since October due to planned maintenance at refineries and low physical stocks in Amsterdam-Rotterdam-Antwerp, traders said Friday. A total of 240,000 mt has ...
Tags: Diesel, distillate products, jet fuel
An expected surplus of gasoil in Asia from greenfield and upgraded refineries might flow into the marine fuel market in late 2014 or early 2015, trade sources said Wednesday. Asia's maritime industry is looking to the possible supply as ...
Tags: Gasoil, Fuel Market, greenfield
Argentina exported 92,755 mt of biodiesel in February, a 106% jump from the same period in a year ago, according to Argentinian Biofuels Association, or CARBIO, data that Platts received Thursday. February fixture data indicated as much ...
Tags: Biodiesel Exports, Biofuels
The premium of Indonesian Minas crude to front-month May ICE Brent futures fell to a one-month low of 4 cents/barrel on Tuesday after offers from Chinaoil in the Platts Market on Close assessment process failed to elicit buying interest. ...
State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...
Tags: Sinopec, Oil, Gas Output, Chemicals
NYMEX May crude futures settled 14 cents higher at $99.60/barrel Monday with investors focusing on the suspension of vessel boardings in the Houston Ship Channel and its possible impact on oil movements in the US Gulf Coast region. May ...
Tags: Houston Ship Channel, Oil
China's refinery crude throughput over January and February dipped 1% year on year to 78.78 million mt, or an average of 9.79 million b/d, according to preliminary data from the country's National Bureau of Statistics released Thursday. ...
Mediterranean ultra low sulfur diesel cargoes are trading $10.25/mt above the Northwest European cargoes, the widest spread between the two regions since January 17 on tight prompt supply in the Med. The Med cargo cash premium to the ...
Tags: Diesel Cargoes, low sulfur diesel
Russian ultra low sulfur diesel exports may struggle to find a home in the UK in the winter after the country's oil importers agreed earlier this month to enact a new test to assess the fuel's filter-blocking tendency, traders said Friday. ...
Gasoil demand from Belgium, France, Belgium, Germany and Switzerland -- the main consumption centers in Northwest Europe -- is down a quarter this winter amid mild weather and a longer-term shift away from the product, traders said Monday. ...
Tags: Gasoil demand, Mineral
State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...
Tags: Petroleum, Tax Waivers, Oil Product