Emissions from international shipping are a key contributor to global climate change, with the International Maritime Organization (IMO) finding the sector responsible for approximately 2% of global emissions in 2018. Yet unlike the power generation sector, which can point to
South Korean exports of middle distillate reached 866,000 bpd in February, the third highest volume on our records and substantially above the 818,000 bpd of exports seen in January.
One of the widely-held expectations concerning the International Maritime Organization’s (IMO) 2020 sulfur cap on marine fuels was that the price of gasoil/diesel would spike in the opening months of 2020, as demand for gasoil in the bunker market would
Conventional IMO 2020 wisdom stipulated that gasoil supplies would be strained due to added demand from the bunker market, which would yield strong diesel cracks and high prices. That has not yet happened.
Stocks of distillate fuel oil on the US Atlantic Coast are at their highest level since the week ending August 16, an odd show of strength for the dead of winter.
As some regions increased their market share in Northwest Europe last year, others faded away. The flow of middle distillates from the United States declined 18% from 154,000 bpd in 2018 to 127,000 bpd in 2019. The result of a
The sulfur cap has long been viewed as bullish for gasoil demand. But that might not be readily apparent by looking at our gasoil import/export data for the world’s largest bunker port, Singapore.
Back in March, ClipperData unveiled its first forecast for marine fuel demand between 2020 and 2025. In recent weeks, we have updated our projection ahead of the IMO’s forthcoming 0.5 percent sulfur cap. In our initial projection, we forecasted that
West African suppliers may be stocking up on IMO-complaint fuels ahead of the upcoming bunker spec change.
Uncertainty continues to surround the forthcoming IMO 2020 sulfur cap, even with a mere five and a half months to go before the January 1, 2020, start of the regulation. What will the makeup of marine fuel demand be after
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