Diesel and gasoil shipments are piling up outside the key northwest European trading hub of Amsterdam-Rotterdam-Antwerp (ARA), as cargoes converge in the hope of finding storage space or inland buyers. But market participants say the region's tanks are almost completely booked up.
News ID: 9283 Publish Date : 2020/05/01
Uncertainty around supply and specifications for 0.5pc sulphur residual fuel oil may drive some shipowners to use 0.1pc sulphur marine gasoil (MGO) to meet new fuel rules, but MGO's traditional premium will likely continue to put it at a disadvantage.
News ID: 8109 Publish Date : 2019/12/27
The European vacuum gasoil (VGO) and straight-run fuel oil markets are entering uncharted territory as the new year approaches.
News ID: 8081 Publish Date : 2019/12/24
European diesel margins are likely to remain relatively low in the coming months as demand continues to face headwinds, but new marine fuel regulations offer some chance of support depending on how the shipping industry adapts.
News ID: 8057 Publish Date : 2019/12/23
The price of delivered 0.5pc low-sulphur fuel oil (LSFO) in Singapore has risen to a premium to 0.1pc low-sulphur marine gasoil (LSMGO) since 6 December, according to Argus data.
News ID: 7924 Publish Date : 2019/12/12
A narrowing discount between 0.5pc sulphur residual fuel oil and 0.1pc sulphur marine gasoil (MGO) in both Houston and Panama may be due to fewer 0.5pc resid availabilities as demand for it rises.
News ID: 7479 Publish Date : 2019/11/15
US refiner PBF Energy is looking to a handful of projects to improve its already strong position for meeting new International Maritime Organization (IMO) marine fuel regulations that start on 1 January.
News ID: 6825 Publish Date : 2019/10/22
Isfahan Refinery is to build a unit to process its mazut output, managing director of the National Iranian Oil Refining and Distribution Company said.
News ID: 4657 Publish Date : 2019/05/28
The European diesel market will remain well supplied in the first half of 2019, although pockets of tightness could emerge in regional markets as sustained gasoil backwardation cuts into stock levels.
News ID: 3091 Publish Date : 2018/12/27
South Korea's gasoline demand dropped 16% year on year in October, the sharpest decline in 20 years since October 1998 when the country was hit by the Asian financial crisis.
News ID: 2742 Publish Date : 2018/11/28
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