Brazil is maintaining both strong imports of gasoline and oil exports despite lower domestic demand and oil production cuts. Yet, exports of fuel oil have been hit by the global economic slowdown of recent months. Meanwhile, coronavirus cases in the
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.
Chinese private-owned Ningbo Zhongjin Petrochemicals has imported straight run fuel oil(SRFO) mainly from spot market since last year. The company had imported about 3 million metric tons of SRFO on both a spot and term basis after its start-up in
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.
Brazil has emerged as a global powerhouse in the crude market after production reached a record high last year of over 3 million barrels per day. Exports rose in tandem with production, climbing to average over 1mn bpd. The South
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
Global container line Hapag-Lloyd will comply with the upcoming 0.5%S cap through a combination of compliant fuels, employing scrubbers and by using liquefied natural gas. The container line’s primary method of compliance with the International Maritime Organization’s sulfur cap will
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
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.
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