Tag: IMO 2020

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• Waiting on an IMO Diesel Spike

  02/13/2020 | Author: Josh Lowell

  One of the widely-held expectations concerning the International Maritime Organization’s (IMO) 2020 sulfur cap on marine fuels was that the price of gasoil/diesel would spike in the opening months of 2020, as demand for gasoil in the bunker market would strain existing supplies and push prices higher. Six weeks into the new regulatory regime and […]

  Tags: diesel, IMO, IMO 2020, Middle Distillate

• A Brazilian Boost, Across the Barrel

  01/27/2020 | Author: Amir Richani

  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

• Global Distillates Weekly

  01/10/2020 | Author: Josh Lowell

  The sulfur cap has long been viewed as bullish for gasoil demand. But that might not be readily apparent by looking at our gasoil import/export data for the world’s largest bunker port, Singapore.

  Tags: bunker, gasoil, IMO 2020, Singapore, sulfur cap

• The Geopolitical Energy and Risk Monitoring Report

  12/16/2019 | Author: Matt Smith

  Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week. Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- […]

  Tags: Algeria, IMO, IMO 2020, sulfur, sweet crude, Venezuela, Venezuela heavy sour crude

• ClipperClip: Something for the Bulls and Bears

  11/20/2019 | Author: Matt Smith

  I had a great time on CNBC this morning with Brian Sullivan. We talked about all manner of aspects in the global petroleum market, including how the strong flow of crude to Asia is perhaps the most bullish element in the market, while strong US inventories continue to weigh on US prices amid lower refinery […]

  Tags: geopolitical tension, IMO 2020, Iraq, US oil inventories

• Brazil and Argentina: Winning on IMO 2020

  11/12/2019 | Author: Amir Richani

  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.

  11/01/2019 | Author: Amir Richani

  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

  10/28/2019 | Author: Amir Richani

  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

  10/22/2019 | Author: Amir Richani

  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

  10/02/2019 | Author: Josh Lowell

  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