The introduction of the new Wärtsilä 46DF engine emphasises Wärtsilä's leading position in dual-fuel engine technology. Compared to any other alternative currently available on the market its specific fuel consumption is ...
Tags: Wartsila, Dual-Fuel Technology, engine
Vietnam's oil product imports in February rose for a third consecutive month, on a year-on-year basis, following declines for most of last year, customs data released late Thursday showed. The country imported 602,827 mt of oil products ...
Tags: Oil Product, crude, gasoline
With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...
Tags: US Refinery, Domestic Production, light oil
Cold winter conditions have hampered well-completion activity in the US, prompting the Energy Information Administration to revise downward its projections of US crude output for this year. The EIA, in its March Short-Term Energy Outlook, ...
The fuel oil physical hi-lo -- the premium of 1% FOB Northwest European cargoes over 3.5% FOB Rotterdam barges -- came off a 17-month high Tuesday morning, having surged $12.75/mt to $62.75/mt Monday on fears Russia may stop or reduce gas ...
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
US fuel oil demand fell to a seven-month low of 218,000 b/d in December, while 2013 demand overall was the lowest on record, US Energy Information Administration data published Thursday showed. The Thursday data are monthly numbers ...
US Northeast spot natural gas prices continue to trade at parity or a premium to New York Harbor fuel oil prices as cold weather blankets the region. Transcontinental Gas Pipe Line zone-6 New York spot gas was trading around $18.69/MMBtu ...
Tags: Spot Gas Prices, Fuel Oil
Nigerian crude values for April are beginning to rise steadily on higher refining margins and healthy demand from Europe, trading sources said Friday. Spot trade in Nigerian cargoes has increased this week, with some high offers and deals ...
Tags: Crude Values, Mineral
Yokogawa Electric Corporation announces that it has received an order from Kawasaki Heavy Industries, Ltd. to supply the control system for an LNG carrier that is being built for the Ichthys LNG project* in Australia. The ship will be the ...
Japan's LPG stocks as of end-January dipped 1.23% month on month to 1.847 million mt from 1.870 million mt in December, the second straight monthly decline, as winter demand also prompted higher imports, data from the Japan LPGas ...
Tags: LPG Stocks, LPGas
US Northeast spot gas prices were trading above New York Harbor fuel oil prices Tuesday as a cold snap descended upon the eastern US. Transcontinental Gas Pipe Line zone-6 New York spot gas was trading around $22/MMBtu Tuesday on ...
Tags: Gas Prices, Harbor Fuel Oil
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
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
Argentine Presidential Chief of Staff Jorge Capitanich said Monday that a proposed reduction in state energy subsidies will help increase investment in the sector, making it possible to boost gas production and scale back imports. "What ...
Tags: Energy Subsidy, Gas Imports