Vietnam's state-owned Petrolimex, which accounts for more than half of domestic oil product sales, cut its diesel and kerosene retail prices marginally but kept gasoline and fuel oil rates unchanged, effective late Thursday, according to a ...
US Gulf Coast 3% sulfur fuel oil jumped $2.25 on Thursday to an eight-month high of more than $94/barrel following a spike in crude oil and swaps prices. Gulf Coast HSFO was assessed at $94.08/b following activity in the Platts Market on ...
Tags: USGC HSFO, sulfur fuel oil
US residual fuel oil implied demand was slightly higher in March than in February, but just half what it was in March 2013, according to US Energy Information Administration data published Thursday. March fuel oil demand in the US was ...
Tags: Fuel Oil, fuel oil demand
Argentine oil production fell 0.4% in March compared with the year-ago period, while natural gas output rose 0.5% over the same period, an industry report showed Friday. Crude production declined to an average of 533,651 b/d in March from ...
Tags: oil production, Oil Output
The fuel oil hi-lo spread -- the premium of 1% FOB NWE cargo swaps over 3.5% FOB Rotterdam barges -- has moved above $60/mt for the first time since April 1 on supply worries, sources said Thursday. The physical hi-lo was assessed at ...
Tags: Fuel Oil, physical hi-lo
The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
Despite shutdown of nuclear power plants, Japan is not expected to raise its thermal coal imports significantly over the next five-seven years, as existing coal-fired power plants are running at high rates and new facilities are still on ...
Tags: Thermal Coal, nuclear power plants
Refining margins for sweet crudes are out-performing margins for sour crudes like Urals in Northwest Europe, Platts data shows, as lighter refined products have surged while heavier products have dropped. While cracking margins -- which ...
Tags: Sweet Crude, Gasoline
The fuel oil inventory spread between the US Gulf Coast and Japan narrowed to 6.668 million barrels, the tightest spread since January, comparison of recent data shows. BNP Paribas said in its weekly oil inventories report, published ...
Tags: Fuel Oil, US Gulf Coast
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 ...
The Mediterranean high sulfur fuel oil market has moved to its widest discount to Northwest Europe in four months amid ample supply, traders said. Mediterranean FOB HSFO cargoes were assessed by Platts on Thursday at a $12/mt discount to ...
Tags: Fuel Oil, High Sulfur Oil
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
Global ports expect to see LNG account for 13% of the bunker fuel market supply come 2020 and 24% by 2025, according to a Lloyd's Register report Monday. Lloyd's global marketing manager Luis Benito shared the observations at a media ...
Tags: LNG, Bunker Fuel Supply
Singapore 380 CST high sulfur bunker fuel prices dipped to a 21-month low of $586/mt Wednesday, on the back of weak demand and bearish crude. The outright price was last lower June 29, 2012, when it was $578.50, Platts data showed. ...
Tags: fuel, Metallurgy, Mineral, Energy
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. ...