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Brazil Pushes More Crude onto the Global Battleground
Brazilian crude exports to Europe are ticking higher so far this year as appetite for heavy grades stands strong following the new regulation on marine fuels, known as IMO 2020. Brazilian loadings bound for Europe have been kicking higher so far this year. While flows to Northwest Europe have been considerably stronger since October, loadings […]
Tags: brazil, coronavirus, crude, crude oil, crude oil exports, Europe, oil -
FOFT: Japan’s Hokuriku Electric Drastically Reducing Fuel Oil and Crude Burns
Reflecting the introduction of liquid natural gas (LNG) for power generation in late 2018, Japanese utility Hokuriku Electric Power Company is expected to cut fuel oil and crude oil consumption by more than 85% in fiscal year of 2019, which runs from April 1, 2019 to March 31, 2020.
Tags: crude oil, FO, fuel oil, LNG, power