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Crude Oil Imports Continue on High Run Rates

Jan 16, 2016

With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...

Tags: oil product, bitumen

US Gulf Coast Hsfo Swaps Market Contango Widens out for DEC/Jan

Nov 24, 2015

The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...

Tags: sulfur fuel oil, USGC fuel oil

Shandong Teapot Refiners to Ramp up Crude Imports

Nov 23, 2015

Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...

Tags: Teapot Refiners, crude oil

China Bitumen Blend Demand Continues to Ease

Nov 7, 2015

Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...

Tags: crude, petroleum bitumen, fuel oil

Piraeus Pilots Strike Extended by 48 Hours; Concerns on Bunker Fuel Deliveries

Nov 6, 2015

The strike by pilots and tugs in the Greek port of Piraeus was extended by another 48 hours Wednesday, which kept barge loadings from refineries suspended for the third consecutive day. "Until further notice, the strike continues today ...

Tags: high sulfur fuel oil, gasoil, refiner

China: Little Interest Seen for Russian Tender

Sep 12, 2015

China's independent teapot refiners are showing little interest in participating in Russian M100 tenders that are set to be issued in late September or early October, market sources said Thursday. Only two 40,000 mt cargoes of Russian ...

Tags: Teapot Refineries, Refineries

Vietnam's Petrolimex Cuts Diesel, Kerosene Prices, Keeps Gasoline, Fuel Oil Unchanged

Jun 23, 2014

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 ...

Tags: Fuel Oil, Gasoline

US Gulf Coast 3% Sulfur Fuel Oil Jumped $2.25 on Thursday

Jun 16, 2014

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

Refining Margins for Sweet Crudes Are out-Performing Margins for Sour Crudes

Apr 25, 2014

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 Mediterranean High Sulfur Fuel Oil Market Has Moved to Its Widest Discount

Apr 15, 2014

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 Might Flow Into The Marine Fuel Market in Late 2014

Apr 11, 2014

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

Mar 6, 2014

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

Bangladesh Petroleum Corp Has Submitted a Formal Request to The National Board of Revenue

Feb 25, 2014

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 Fuel Oil Imports in November Plunged 29.7% Year on Year to 1.46 Million Mt

Jan 2, 2014

China's fuel oil imports in November plunged 29.7% year on year to 1.46 million mt, General Administration of Customs data released Friday showed. The total was also down 12.4% from October. The volume refers to fuel oil classified as No. ...

Tags: Fuel Oil, Mineral

FUJI Oil May Consider Entering Into Petrochemical Alliances with Other Companies

Dec 3, 2013

Fuji Oil may consider entering into alliances with other companies in the Japanese refining and petrochemical sector, where it can benefit, a senior company official with the Japanese refiner said. "We are not able to speak about anything ...

Tags: oil, Metallurgy, Mineral, Energy

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