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
After selling all residual fuel oil stock in the beginning of February, China’s independent refinery (teapot) Hengrunde Petrochemical inGuangrao, Shandong paused residual fuel oil sales, waiting for the market to return to normal from the interruption of the coronavirus outbreak.
As the market sped up preparations for 0.5%S bunker fuel ahead of the IMO sulfur cap, Formosa Petrochemical Corporation (FPCC) of Taiwan has started to see demand for its pyrolysis fuel oil (PFO) export.
Following a tender, Paris-based Eramet awarded Shell International Eastern Trading Company a one-year contract to supply 0.7%S and 2%S fuel oil to its subsidiary, New Caledonian nickel producer Société Le Nickel (SLN) starting September 1.
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