The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...
Tags: Gasoil, sulfur gasoil
A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...
Tags: Gasoil, sulfur gasoil, crude oil
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 prompt inter-month timespread for the FOB Singapore 92 RON swaps rose to an eight-month high last week, reflecting firming demand amid a tightening physical spot market ahead of the Asian refinery turnaround season. The May/June time ...
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
The FOB Singapore 380 CST high sulfur fuel oil cash differential slipped into a discount Monday due to excess supply. The cash differential for the higher viscosity grade fuel oil fell to a discount of 26 cents/mt Monday, down from ...
Tags: high sulfur fuel, HSFO market
China will re-introduce an import tax on diesel -- at 1% -- from January 1, 2014, following approval from the State Council, the country's Ministry of Finance said Monday. No reason was given for the change. Diesel had been exempt from ...
Tags: Diesel Tax, Mineral
Singapore's fuel oil stocks in the week ended June 19 rose to a 39-month high as exports of the heavy distillate -- particularly into China and Hong Kong -- plunged from the previous week, data released Thursday by trade promotion agency IE ...
Tags: Fuel Oil, Metallurgy, Mineral, Energy
Gasoil volumes from Northwest Europe have been heading to the Red Sea, rather than from the traditional supply region of Asia, to meet rising demand for power generation in the Middle East, ahead of the Muslim holy month of Ramadan, driven ...
Tags: Gasoil Volumes, Power Generator
The FOB Singapore cash differential to the Mean of Platts Singapore assessment for 180 CST high sulfur fuel oil widened to a near six-month high Monday, on increased demand for 180 CST as a cutter stock amid heavy refinery maintenances in ...
At least a few Japanese refiners have started to consider importing more kerosene for February deliveries amid a particularly bullish winter demand period in the country, industry sources said Friday. Japan has been experiencing a colder ...
Tags: bumper kerosene, refiners, kerosene, kerosene sales
The cash differential for FOB Singapore 0.5% sulfur gasoil fell to more than a three-year low Wednesday, amid ample supply in the region and weak buying appetite for the grade ahead of a change in sulfur specifications for the Singapore ...
Tags: FOB Singapore, sulfur gasoil, gasoil, Singapore
An arbitrage to move cargoes of methyl tertiary butyl ether [MTBE] from Asia to Europe has opened following a sharp increase in European MTBE prices on the back of growing demand, trading sources said Friday. European MTBE prices hit ...
Tags: methyl tertiary butyl ether, MTBE price, Asia, European market
Chinese refiner West Pacific Petrochemical Corp,or Wepec,has sold 40,000 mt of gasoil for loading over January 18-22 to PetroChina via private negotiations,trading sources said Wednesday. This is the third spot parcel sold by the refiner ...
Tags: Wepec, gasoil, private negotiations, PetroChina
According to data, Japan exported 20,090 tons of H beams in October with average prices of US$788.56/ton FOB in October. In October, South Korea was the largest importer of the Japanese H beam with 6,911 tons with average prices of ...
Tags: H beams, average prices, export prices