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Brazil and Argentina: Winning on IMO 2020
We noted recently that Mexico and Venezuela will lose out once the marine fuel sulfur cap goes into force in January. Next we turn our focus to Argentina and Brazil, which can expect to reap the rewards of the IMO’s spec change. Beginning in January, the sulfur cap for marine fuels will change from 3.5 […]
Tags: Argentina, brazil, Escalante, IMO 2020, ostra, Vaca Muerta -
Mexico and Venezuela: Losing on IMO 2020.
The implementation of the IMO sulfur cap on marine fuels will change Latin American flows because of the impact on demand and prices for heavy-sour grades of crude oil. Many Latin American suppliers produce the heavy-sour crude good for production of high sulfur fuel oil (HSFO) and simple refiners without the capacity to trim HSFO […]
Tags: crude, IMO 2020, mexico, Venezuela -
IMO Impact Seen in UAE’s Middle Distillate Exports
As the shipping industry prepares to comply with the IMO 2020 sulfur cap, middle distillate exports from the United Arab Emirates are running at a record high so far in October. The rise is particularly evident in gasoil exports, which are seen close to 400,000 bpd – the highest we have since March. While jet […]
Tags: bunkering, gasoil, HSFO, IMO 2020, jet fuel, LSFO, MGO, Singapore, UAE middle distillates exports -
Indian Crude Imports Hitting High for the Year
India’s crude imports so far in October are above 5 million barrels per day – their highest monthly pace so far this year and up over 30 percent versus last month. The increase is driven by oil flows from Arab countries other than Iraq and Saudi Arabia, which are normally seen as the top suppliers. […]
Tags: COSCO, IMO 2020, India, Iran, Nigeria, sanctions, sulfur, WTI -
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 -
US Base Oil Exports Shrug Off Falling European Car Sales
Exxon Mobil’s Group II base oils refinery opening in Rotterdam and declining car sales in Europe has had little impact on US flows of base oil volumes into Northwest Europe during the first half of this year. The first six months of 2019 saw 358,982 tons of base oils arrive into Northwest Europe from the […]
Tags: automobile, base oils, IMO 2020, vehicles -
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, fuel oil, IMO 2020 -
Beyond 2020 – In the Markets: Eramet Awards Shell One-Year Fuel Oil Supply Contract
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.
Tags: fuel, IMO 2020