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Brazil Flows Mostly Holding Up Despite Coronavirus
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 country are spiking. The South American country is one of the hardest-hit countries by the […]
Tags: brazil, coronavirus, covid-19, fuel oil, gasoline, middle distillates, 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 -
FOFT: China’s Hengrunde Petrochemical to Temporarily Stop Selling Residual Fuel Oil
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.
Tags: china, coronavirus, FO, fuel oil, petchem, refining -
FOFT: Ningbo Zhongjin Petrochemicals of China Buying High Sulfur SRFO from Spot Market
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 August 2015.
Tags: fuel oil, petchem, petrochemicals, SRFO -
Global Distillate Weekly
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.
Tags: Atlantic coast, distillates, fuel oil -
A Brazilian Boost, Across the Barrel
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 American nation is now also supplementing its crude efforts via higher levels of fuel oil […]
Tags: brazil, Brazil crude oil exports, brazil fuel oil exports, fuel oil, IMO 2020 -
Updated 2020 Bunker Forecast
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 shipowners in 2020 would retreat from high sulfur fuel oil (HSFO) and move to marine […]
Tags: bunker, fuel oil, IMO 2020, IMO2020, LNG, Middle Distillate, Shipping -
Hapag-Lloyd Hedging its Bets for IMO 2020
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 be 0.5 percent low sulfur fuels, while scrubbers and LNG will be run on a […]
Tags: bunker fuel, fuel oil, IMO 2020, scrubbers, sulfur -
Market Signals Incentive to Shut FCCs Ahead of IMO 2020
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 the sulfur cap goes into effect? Will compatibility concerns limit market appeal for low sulfur […]
Tags: bunker, ClipperBlog, fuel oil, gasoline, IMO 2020, LSFO, marine fuels, VGO -
Beyond 2020: Pyrolysis Fuel Oil Exports From Taiwan’s Formosa Gaining Popularity
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.
Tags: bunker fuel, FO, fuel oil, IMO 2020