Tens of thousands of ships sailing the world’s oceans burn more than 3 million barrels of sludge-like high-sulfur fuel every single day. But, starting next year, the shipping industry will have to comply with rules that should dramatically reduce sulfur emissions.
News ID: 5213 Publish Date : 2019/07/16
Venezuela exported around 860,000 b/d of crude in June plus 90,000 b/d in other liquids including diluent and fuel oil, officials of state-owned oil company PdV tell Argus.
News ID: 5200 Publish Date : 2019/07/15
The UAE's port of Fujairah will allocate four berths for barges loading or discharging marine fuel s compliant with the International Maritime Organisation (IMO) 2020 sulphur limits.
News ID: 5195 Publish Date : 2019/07/15
BHP on Friday said it had released the world’s first tender for LNG- fuel led transport to carry up to 27 million tonnes, or about 10%, of its iron ore as it seeks to position itself at the forefront of responsible mining.
News ID: 5149 Publish Date : 2019/07/13
When thermal and combined-cycle power plants cannot meet the high electricity demand during the peak hours of summer when the temperature and consumption both shoot up, renewables can help generate the required electricity, a board member of Iran Renewable Energy Association said.
News ID: 4985 Publish Date : 2019/07/02
A cargo of 0.5pc sulphur fuel oil traded in the Mediterranean at around $445-455/t, giving some indication of a nascent price point for product compliant with the forthcoming marine fuel sulphur cap.
News ID: 4140 Publish Date : 2019/03/24
Oil refiners are getting ready for a boom. The plants in Europe and the US are scaling back planned maintenance later this year in anticipation of a surge in demand and fatter margins as the shipping industry gets ready for a historic fuel switch.
News ID: 4079 Publish Date : 2019/03/19
Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors.
News ID: 4002 Publish Date : 2019/03/13
The private sector has invested 1.47 trillion rials ($11 million) in Amirabad Port since the beginning of the current Iranian year (March 21, 2018), the manager of Amirabad Port and Special Economic Zone said on Monday.
News ID: 3981 Publish Date : 2019/03/12
The Intelligence department of the Islamic Revolution Guardians Corps (IRGC) announced that it has disbanded a ring of fuel smugglers, impounding more than 10 million liters of subsidized fuel from the criminals’ hideout.
News ID: 3844 Publish Date : 2019/03/05
Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel , have slumped to the lowest in 17 months as the peak demand season ends with a whimper.
News ID: 3723 Publish Date : 2019/02/24
The Persian Gulf Star Refinery (PGSR) in Southern Iran is now producing 103 million liters of high-quality gasoline per day with its 3 phases in full swing, a senior energy official said, adding that the 4th phase of the mega refinery will go on stream by 2 years.
News ID: 3691 Publish Date : 2019/02/21
Renewable energy sources will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP.
News ID: 3660 Publish Date : 2019/02/18
A proposal to stop Germany from using coal for power generation within two decades may leave an unexpected beneficiary: The company that burns the most of the fuel .
News ID: 3453 Publish Date : 2019/01/28
The UAE's Abu Dhabi National Oil Co will discontinue term contracts to sell straight-run fuel oil loading from Ruwais from 2019 as it plans to restart its fire-hit residue fluid catalytic cracker by the end of this year or early next year, traders said this week.
News ID: 2555 Publish Date : 2018/11/09
CEO of Iran Air Farzaneh Sharafbafi said the national flag-carrier airline has no problem in supplying fuel to its aviation fleet despite recent US sanctions against the Islamic Republic.
News ID: 2536 Publish Date : 2018/11/08
Venezuelan state-owned PdV has nearly exhausted its motor fuel stocks, forcing up to 80pc of the country's more than 2,700 service stations nationwide to suspend sales until further notice, according to four senior officials with the federation of oil unions (FUTPV).
News ID: 2485 Publish Date : 2018/11/02