The fuel oil market is not likely to see large price swings with new marine fuel sulphur regulations that took effect at the beginning of 2020, given minor price changes for the compliant fuel in the weeks leading up to the change.
News ID: 8203 Publish Date : 2020/01/03
Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a US airstrike on key Iranian and Iraqi military personnel.
News ID: 8191 Publish Date : 2020/01/03
European base oil prices are likely to continue to face sustained pressure from structural oversupply of Group I, Group II and Group III grades. This will probably dampen any upwards price movement in the first half of 2020.
News ID: 8178 Publish Date : 2019/12/31
US asphalt markets are on course to strengthen in January, defying expectations of a substantial price slump amid the global transition to lower-sulphur marine fuels in 2020.
News ID: 8177 Publish Date : 2019/12/31
Government incentives and higher blending mandates will boost sustainable aviation fuel (SAF) production in the coming year, but greater support for renewable diesel may temper that growth.
News ID: 8176 Publish Date : 2019/12/31
Possibly narrower differentials for sour crudes — under pressure from looming emissions regulations — could slow Ecuador's repayment of its oil-backed debt and limit availability for spot market exports in the first half of 2020.
News ID: 8172 Publish Date : 2019/12/31
Oil prices held on to three-month high on Monday, underpinned by optimism over an expected China-US trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following a US air strike.
News ID: 8168 Publish Date : 2019/12/30
Owners of very large gas carriers (VLGCs) are upbeat about 2020, with the market in a recovery period. But, new International Maritime Organisation (IMO) regulations on bunker fuels may restrain freight rates and profits.
News ID: 8150 Publish Date : 2019/12/30
The US is pressuring Baghdad not to reopen an important border corridor with Iran, sources in Diyali revealed on Saturday.
News ID: 8131 Publish Date : 2019/12/29
Tehran is considerably advancing its development policies in the oil and gas industries, as the National Iranian Drilling Company (NIDC) announced that it has successfully completed drilling operations of 88 oil and gas wells over the first 9 months of the current local calendar year (March 21-December 22).
News ID: 8130 Publish Date : 2019/12/27
The Organization of the Petroleum Exporting Counters and its allies, known as OPEC+, may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak said on Friday.
News ID: 8127 Publish Date : 2019/12/27
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers even before the hoped-for end to the trade war between Washington and Beijing.
News ID: 8126 Publish Date : 2019/12/27
West Africa's two leading oil producers face rather contrasting challenges in the early part of 2020, when Nigeria will need to find a way to keep its monthly output under the Opec+ production cap and Angola will struggle to even reach its own.
News ID: 8122 Publish Date : 2019/12/27
As 0.5pc sulphur marine fuel oil (0.5pc fuel oil) looks to be the low-sulphur fuel of choice, tight availability of the new grade in Mediterranean ports will continue into 2020 while supply will be more steady in northwest Europe.
News ID: 8114 Publish Date : 2019/12/27
US crude exports are poised to hit a fresh record in 2020 on the back of a series of infrastructure projects designed to add capacity to and from the Texas Gulf coast.
News ID: 8110 Publish Date : 2019/12/27
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
Gasoline consumption in the eighth fiscal month that ended on December 22 was 75 million liters per day, data released by the National Iranian Oil Products Distribution Company show.
News ID: 8098 Publish Date : 2019/12/24
Persian Gulf Star Refinery has initiated a scheme aimed at preserving Iranian cheetahs in Geno mountains, Hormuzgan Province, Southern Iran.
News ID: 8095 Publish Date : 2019/12/25
The National Iranian Oil Company (NIOC) announced that it will soon disclose further details on a newly discovered oilfield in the Southwestern province of Khuzestan, where the NIOC has already found a giant oil reserve that was declared in last month.
News ID: 8093 Publish Date : 2019/12/25
Southeast Asian first-generation biodiesel will become increasingly insular in 2020, in the wake of the two biggest palm oil producers Indonesia and Malaysia hiking domestic production mandates in response to anti-palm oil sentiment from their previous largest export market Europe.
News ID: 8092 Publish Date : 2019/12/24
