Freight News

Nov 23 - Minerva Bunkering makes first delivery on new platform to Hafnia
ADP leverages metering and communications technology **Service to launch in ARA, Fujairah,Singapore in early 2021

Nov 23 - Monjasa acquires new tanker for Middle East bunkering operations
Monjasa sold 13% of its 2019 volumes at Fujairah . Bunker fuel volumes at Fujairah Oil Tanker Terminals berths in September rose 12.8%

Nov 23 - Sing Fuels will be trading Group I, II and III base oil products, it said in a statement.

Nov 23 - MARPOL sulfur verification process amendments should be applied without delay - IBIA
The complexity in having different approaches to sulfur verification for MARPOL-delivered samples versus in-use and on-board samples has raised concerns.

Nov 20 - Oil prices rise on vaccine bullishness despite COVID-19 surge
Front-month NYMEX WTI hits highest settled price since Sept. 2.

Nov 20 - Shell, partners, begin construction of Netherlands bio-LNG plant
Increasing bio-LNG consumption in bunker space.

Nov 20 - ARA fuel oil stocks drop 3% on week to 1.302 mil mt - Insights Global
HSFO tightness may ease on arrivals from Baltics.

Nov 20 - Petredec signs deal for LPG dual-fuel engines for fleet
Under the agreement, each vessel will be powered by individual MAN B&W 6G60ME-LGIP dual-fuel engines, capable of running on LPG.

Nov 19 - Crude settles lower as COVID-19 lockdowns threaten demand outlooks
Seven-day moving average of new COVID-19 infections in the US reached fresh record-high Nov. 18.

Nov 19 - Arte Bunkering to expand SE Asia network after Singapore operations start
City-port's marine fuel sales stood at 47.46 million mt in 2019.

Nov 19 - UAE says it's 'reliable and long-standing' OPEC member as commitment doubts surface
Sources say ADNOC goals hampered by OPEC cuts.

Nov 19 - Europe's Dec naphtha arbitrage limited by shipowner interest; Asia firm for Jan arrivals
Firmer Asian market in Jan could draw more Dec-loading cargoes.

Nov 19 - UN approves extra steps to curb shipping emissions 
The United Nations shipping agency on Tuesday approved measures to boost energy efficiency in vessels as part of efforts to reduce the industry's carbon footprint, a UN spokeswoman said. Countries approved the additional regulations to reduce the carbon intensity of commercial ships at this week's virtual Marine Environment Protection Committee (MEPC) session of the International Maritime Organization (IMO). 

Nov 19 - Vale, Chinese port sign $651 mln deal on iron ore storage, processing 
Brazil's Vale and China's Ningbo Zhoushan Port have signed a deal to invest around 4.3 billion yuan ($650.6 million) in iron ore storage and processing facilities in Zhejiang, a local government statement said on Friday. The move follows the two firms' inauguration of a grinding hub at the port in eastern China in August and further boosts Vale's presence in the top global consumer of the steelmaking raw material.

Nov 19 - Argentine government steps in to end grains sector tug boat strike
The Argentine government on Wednesday stepped in to end a less than day-old strike by tug boat crews that had threatened to disrupt the country's key grains export sector, with the Labor Ministry ordering a resumption of contract negotiations. The strike had begun at midnight, according to a statement issued by four crew members' unions. Contract talks had broken down over wages, but the ministry ordered negotiations to continue. The government regularly issues such orders to keep the strategically important grains export sector operating.

Nov 18 - Crude settles higher following smaller-than-expected US crude build
Recent progress on COVID-19 vaccines has bolstered longer-term demand outlook.

Nov 18 - Maersk Q3 bunker consumption falls 6.5% on year
Outlook unclear amid rising COVID infection rates.

Nov 18 - Rising LNG marine fuel prices blunt cost incentives for green switchover
European LNG, gas markets support LNG bunker prices.

Nov 18 - IMO should be moving faster on shipping emissions: Environmental NGOs
IMO draft amendments to MARPOL for carbon intensity reduction approved.

Nov 18 - Gasum expands LNG bunker operations to ARA with Equinor
Operations to be performed using two LNGBVs from Gasum's fleet.

Nov 18 - Singapore HSFO prompt backwardation nears 10-month high on supply tightness
Refiners running CDUs at reduced rates.

Nov 17 - Maersk upgrades 2020 earnings guidance on rising global container volumes
Positive adjustment in line with S&P Global Ratings expectations in October tied to less severe decline in global trading, lower bunker fuel prices than previously forecast.

Nov 17 - Crude treads water amid little cues on production guidance from OPEC+ JMMC
Decision on quotas now expected to come Nov. 30 to Dec. 1.

Nov 17 - Global oil demand to peak around 2028 due to pandemic, upstream spending hit: Equinor
Equinor's latest outlook comes two months after BP forecast that global oil demand may have already peaked.

Nov 17 - Container rates from Asia to UK soar ahead of Brexit deadline
Logistical delays at some UK ports while carriers impose congestion fee.

Nov 17 - Bunker sales in Panama rise for 4th straight month in Oct, still below Jan levels
Marine fuel 0.5%S sales jump 12%

Nov 17 - Clean Arctic Alliance wants IMO to bring forward Arctic heavy fuel oil ban
The regulation is not flag-neutral, and it will create a two-tier system of environmental protection in the Arctic.

Nov 16 - Brazil's Petrobras plans to double the number of oil wells at the massive Buzios Field
Brazilian state-led oil company Petrobras plans to double the number of wells at the massive Buzios Field in the country's offshore subsalt frontier to about 100 over the next couple of years amid a cost-cutting and efficiency program, the company said in a statement Nov. 13.

Nov 16 - Price rally extends as market eyes COVID-19 vaccine, OPEC+ talks
An overnight oil price rally continued in midday US trading Nov. 16 as demand outlooks improved following fresh COVID-19 vaccine news and as the OPEC+ group moved closer to extending output cuts into 2021.

Nov 16 - EMEA middle distillates: Key market indicators this week
European distillates markets remain relatively weak on the prompt as increasing lockdown measures chip away at demand, balanced somewhat by reduced supply, while a contango in the futures market has seen traders talk of increasing floating storage opportunities.

Nov 16 - USGC middle distillate flows to Europe at 120,000 mt so far in Nov - cFlow
US Gulf Coast middle distillate shipments expected to arrive into Europe in November are scheduled at around 120,000 mt so far, with two cargoes loaded over the past seven days heading to Northwest Europe, data from S&P Global Platts trade flow software cFlow showed Nov. 16.

Nov 16 - Asia middle distillates - Key market indicators this week
Asia's middle distillate markets are expected to be steady to slightly firmer in the week starting Nov. 16 as sentiment for jet fuel remains firm on the back of heightened heating demand, while gasoil is likely to remain supported due to curtailed refinery production which has led to a crimp in supplies.

Nov 16 - European LSGO futures net speculative length rebounds from 4-year low

Speculative net long positions in ICE low sulfur gasoil futures rose 28,389 contracts to 26,380 in the week to Nov. 10, jumping back into positive territory, according to ICE data.

Nov 16 - East-West gasoil price spread hits 7-week high, to push Middle East, India barrels to Asia
The front month gasoil Exchange of Futures for Swaps price spread widened to a multi-week high on renewed supply-led strength in Asia, and this will likely lead to an increased flow of barrels from the Middle East and India to a tight market in Singapore, where demand is gradually rising.

Nov 16 - Asia crude - Key market indicators this week
The crude oil market in Asia started the week of Nov. 16 slightly higher, amid continued optimism from the COVID-19 vaccine news and possible extension of OPEC+ output cuts into 2021, although rising coronavirus cases in Europe and the US could weigh on sentiment.

Nov 16 - Credit concerns intensify in bunker industry amid firming crude
Coronavirus and its downward pressure on oil prices may have bought the bunker industry's strained credit prospects some time but rising prices may undo that, according to industry experts.

Nov 16 - US crude stocks expected higher amid weak refinery demand, lower exports
US crude oil inventories likely edged higher in the week ended Nov. 13 as a slowdown in exports offset an expected uptick in refinery demand, an S&P Global Platts analysis showed Nov. 16.

Nov 13 - India's Oct fuel oil consumption rises 8.5% on month as demand recovers
India's consumption of furnace oil and low sulfur heavy stock, which are equivalent to fuel oil, rose 8.5% month on month to 532,000 mt in October on recovering demand in industrial sector, data from the Petroleum Planning and Analysis Cell showed Nov. 13.

Nov 13 - Hong Kong marine fuel 0.5% differentials inch higher on tight cargo
The Hong Kong delivered marine fuel 0.5%S differential to benchmark FOB Singapore 10 ppm gasoil cargo assessments rose from an average of minus $12.18/mt in October to $3.25/mt to-date in November due to the drop in imported cargo, S&P Global Platts data showed.

Nov 13 - Floating storage allure buoys freight rates as oil product glut returns

Oil products are streaming back into floating storage prompted by anemic buying appetite and the prospect of a demand recovery late in 2021, market sources have said, with the glut set to buoy the clean tanker sector.

Nov 13 - Middle East set for biggest refinery push as export ambitions grow

The Middle East, with vast and cheap crude reserves, is pushing ahead with refinery expansions even as a transition to cleaner fuels curbs local demand, setting the stage for a surge in oil products exports from the region.

Nov 13 - Weak European refinery margins reduce fuel oil availability
The European 0.5% sulfur marine fuel market is finding support amid limited availability, as refineries reduce runs to curb road transport fuel production.

Nov 13 - Over 300 clean tech projects apply for EU Innovation Fund money

The European Commission has received 311 applications for innovative clean technology projects under a first call for funding through the EU Innovation Fund, the EC said Nov. 5.

Nov 13 - Mediterranean diesel market tightens on lack of US imports
A lack of ultra low sulfur diesel imports from the US Gulf Coast to the Mediterranean has led to a tightening of supply, despite lackluster demand, sources said.

Nov 13 - ARA fuel oil stocks steady on week at 1.345 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region edged lower week on week to 1.345 million mt in the week to Nov. 11, Insights Global data showed.

Nov 12 - Japan's Cosmo Oil offers first LSFO spot cargo since Q1 on higher cracks
Japanese refiner Cosmo Oil has offered a spot low sulfur fuel oil cargo for loading early December -- its first since February -- amid a strengthening crack spread, market sources said Nov. 12.

Nov 12 - USGC bunkers prices rising in Nov amid weak demand, stronger energy
US Gulf Coast spot bunkers prices continued to rise Nov. 11 on support from stronger energy futures, with some markers hitting highs not seen in eight months despite ongoing demand destruction tied to the coronavirus pandemic.

Nov 12 - US Refinery Scorecard: US refiners find strategies to adapt to lower demand
Almost 10% of US refining capacity is offline due to low demand, plant repurposing, or extended turnarounds and many US refiners feel that is still not enough to support refining margins.

Nov 12 - Saudi Aramco fulfills December crude term allocations for Asian refiners
Saudi Aramco, the biggest producer in the Middle East, has fulfilled Asian refiners' term allocations for December-loading crude oil, market participants said.

Nov 12 - Chicago gasoline, diesel fall after city issues COVID-19 stay-at-home advisory
Chicago fuel markets fell Nov. 12 after the city issued a stay-at-home advisory in response to the rapid rise of COVID-19 cases in the city.

Nov 12 - Oil complex retreats after unexpected US crude inventory build

Oil futures retreated in midmorning US trading Nov. 12 following an unexpected build in US crude supply.

Nov 12 - European LSSR hit by faltering demand for road transport fuels
European demand for low sulfur straight run -- typically processed in a refinery's secondary units to produce diesel and gasoline -- has been hit by the second wave of COVID-19 lockdowns in Europe.

Nov 12 - 0.1% Med cargoes at 5-week high on lower supply, low imports
Physical differentials for 0.1% gasoil cargoes in the Mediterranean have reached their highest level for five weeks on low supply as a result of reduced refinery runs and falling imports amid low demand, sources said.

Nov 12 - US crude a winner as demand shift prompts Indian refiners to lighten slate
The structural shift in India's oil products demand pattern in favor of products like LPG and naphtha and away from diesel have prompted refiners to lighten their crude slate, a move that may help US crude imports to post positive growth in 2020 despite overall crude inflows slipping into the red, analysts told S&P Global Platts.

Nov 12 - ARA diesel, gasoil stocks fall 2.8% on week to 2.6 million mt - Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub fell 2.8% to 2.597 million mt in the week to Nov. 11, Insights Global data released Nov. 12 showed.

Nov 12 - Slew of tankers sail toward Venezuela, suggesting oil export rebound 

At least 18 oil tankers are expected to load oil for export from Venezuela in the coming weeks, according to tracking data and internal documents from state-run PDVSA, in a sign the sanctioned OPEC nation's crude exports may rebound this month. Venezuela's oil exports fell to their lowest levels since the 1940s in October, as some of Petroleos de Venezuela's last remaining clients halted trade with the company ahead of a deadline imposed by the United States.  

Nov 12 - Strikes by Argentina grains port workers delay loading of five ships
The loading of five cargo ships in different grains ports in Argentina has been stalled for days due to strikes by port workers, the labor union representing the employees and an industry source said on Wednesday. ADM and the local ACA cooperative have each had a ship waiting since Saturday to complete cargo loading at the companies' terminals in Puerto General San Martín and San Lorenzo, the shipping hub north of Rosario, according to the URGARA union. 

Nov 11 - Fujairah Oil product stocks hit two-week low led by heavy distillates
Stockpiles of oil products dropped to a two-week low at the Middle East port of Fujairah, led by a slide in heavy distillates and residues to a 15-month low as fuel oil exports picked up.

Nov 11 - Singapore 10 ppm sulfur gasoil cash differential hits 3-month high
The FOB Singapore 10 ppm sulfur gasoil cash differential has jumped to a more than three-month high amid curtailed refinery production, which has resulted in regional supply balances winding tighter.

Nov 11 - Most West Coast retail spot bunkers at highest levels since mid-March

Most West Coast retail spot bunkers reached an eight-month high on Nov. 11, S&P Global Platts data showed, moving in line with Singapore bunkers markets, energy futures, and wholesale fuel oil markets.

Nov 11 - Uncertain future for US high sulfur gasoil spot market
Liquidity for US high sulfur gasoil shrank this year amid the pandemic and a slew of hurricanes, inverting a long-established price spread and casting doubt on the niche spot market's future.

Nov 11 - Argentina's YPF to rebuild oil, gas production with focus on Vaca Muerta
Argentina state-backed YPF is starting to rebuild oil and natural gas production from a slump this year by targeting the Vaca Muerta shale play, which should grow to as much as 50% of its oil production by 2023 to help offset natural declines in conventional reserves, company executives said Nov. 11.

Nov 11 - Iranian oil exports average 700,000 b/d in March-November: report
US sanctions have crippled OPEC member's oil sector .Exports have fallen almost 2 mil b/d in two years .US-Iran relations could improve under Biden administration.

Nov 11 - NWE VLSFO cracks reach 7-month high amid limited availability
Fuel oil most resilient among products .Demand normal in face of refinery run cuts.

Nov 11 - US LNG exports remain split between Asia and the Atlantic as winter approaches
US LNG exports continued to be split between Asia and the Atlantic leading up to winter, an analysis of data from S&P Global Platts ship tracking software cFlow showed Nov. 10.

Nov 11 - Malaysia's Petronas launches LNG bunkering business, completes first delivery
Malaysia's Petronas has officially launched its LNG marine fuel business by completing its first LNG bunkering operation at Pasir Gudang, Johor, a move that is line with the company's strategy to meet its customers' emerging requirements for cleaner fuels, the company said.

Nov 11 - Decarbonization efforts driving low-carbon hydrogen solutions in US, globally
Despite challenges such as transportation costs, hydrogen markets are expected to grow over the next couple of decades for power generation and transportation applications, experts said Nov. 10.

Nov 11 - Denmark's Torm hit by tanker rates fall in Q3, sees uncertain market ahead
Danish product tanker group Torm said Nov. 11 tanker rates had come down sharply in the third quarter and that it sees "an uncertain market" ahead.

Nov 11 - OPEC cuts 2020, 2021 global oil demand forecasts on COVID-19 surge

OPEC has turned more bearish on global oil demand due to the second wave of COVID-19 infections, providing sobering analysis as the producer group and its allies prepare to decide on 2021 production quotas.

Nov 11 - Singapore Marine Fuel 0.5%S-Dubai crack jumps to 6-month high on strong gasoil

Fundamentally, the Marine Fuel 0.5%S market is balance with steady demand, market sources said.

Nov 11 - Orsted, BP to co-develop 50 MW green hydrogen project at Lingen refinery

The partners have applied for funding from the EU Innovation Fund.

Nov 11 - China's Zhoushan port bonded bunker fuel supply rises 16.7% on year in Jan-Oct
China has been ramping up LSFO output for bonded bunkering since a full VAT rebate was implemented.

Nov 11 - Argentine grains port workers, export firms still far from deal to end strike - source 
Argentina agro-export companies and grains port workers are still far from reaching a salary agreement, a port chamber source said on Tuesday, prolonging strikes that continue to impact shipments from one of the world's top exporters. The URGARA union, which represents inspectors who check the quality of grains before they are loaded onto ships, launched surprise strikes on Monday to protest stalled wage talks, hitting shipments in some major terminals of Puerto General San Martín, San Lorenzo, Quequén and Bahía Blanca. 

Nov 10 - North Sea EnQuest positioning for Kraken sequel, green investment - CEO
Hub plan includes supplying renewable power to offshore oil and gas facilities.

Nov 10 - Crude extends rally as vaccine progress boosts hope of demand rebound

Energy prices continued to benefit from demand-side optimism.

Nov 10 - Petronas begins LNG bunkering operations, completes first delivery
Malaysia's Petronas completed its first LNG bunkering delivery to the Pasir Gudang Port in Johor on Nov. 9, Marine Department Malaysia, or JLM, said on Nov. 10.

Nov 10 - Norwegian government calls for HSFO bunker ban in Arctic Svalbard
Proposal includes two-year transition period.

Nov 10 - Singapore 380 CST HSFO cash differential hits 9-month high on crimped supply

Shortage comes despite Iraqi imports.

Nov 10 - Proman Stena Bulk to add methanol-powered tanker to its fleet
Vessel's fuel consumption expected to be 12,500 mt/year.

Nov 10 - Argentina grains port workers strike over wages, affecting shipments - union spokesman
Argentine grain port workers launched surprise strikes to protest stalled wage talks, their labor union said on Monday, delaying shipments from one of the world's top exporters. "We are going to make surprise halts as much as we consider it necessary," said Juan Carlos Peralta, a spokesman for the URGARA union, which represents inspectors who check the quality of grains before they are loaded onto ships.

Nov 09 - Biden win brings new approach to energy markets
Energy markets and sectors were quick to react to the weekend's news that Joe Biden had been declared winner of the 2020 race to the White House.

Nov 09 - USGC-Europe middle distillate flows stall at 40,000 mt so far in Nov - cFlow
No cargoes of middle distillates have been loaded on the US Gulf Coast to Europe route in the last seven days, keeping scheduled shipments at about 40,000 mt so far in November, S&P Global Platts data showed Nov. 9.

Nov 09 - ULSD FOB ARA barges hit 6-week high versus 50 ppm on slight demand increase

Ultra low sulfur diesel barges in the Amsterdam Rotterdam Antwerp trading hub hit a 6-week high versus their 50 ppm barge counterparts due to a slightly better demand picture than expected for the former last week, sources said.

Nov 09 - Mexico defending Pemex's share in shrinking fuels market - panelists
Mexico is aiding the state-owned enterprise Pemex keep its market share in the sale and distribution of fuels, but that market is destined to slowly disappear as global energy transition takes hold, said panelists during a webinar organized by law-firm Mijares-Angoitia.

Nov 09 - Oil prices surge as market eyes COVID-19 vaccine breakthrough
Oil futures settled sharply higher Nov. 9 on the back of improved demand outlooks following reports of a breakthrough in COVID-19 vaccine research.

Nov 09 - EMEA light ends: Key market indicators this week
The European light ends complex has mostly weakened over the week to Nov. 6 as demand for gasoline and therefore, gasoline blending fell, in Europe amid increasingly restrictive lockdowns.

Nov 09 - EMEA middle distillates: Key market indicators this week
Flat prices of ICE low-sulfur gasoil futures jumped on Nov. 9, tracking crude futures upwards after news from Pfizer and BioNTech that their COVID-19 vaccine had shown itself to be more than 90% effective in a phase 3 trial.

Nov 09 - Asia middle distillates - Key market indicators this week
Asian middle distillate markets are expected to be steady to slightly firmer in the week starting Nov. 9 from the week before as gasoil inches closer to a more balanced regional outlook, while forecasts of a colder-than-average winter support the jet fuel/kerosene complex.

Nov 09 - Americas Bunkers: Key market indicators this week
Spot retail bunkers prices throughout the Americas enter the week of Nov. 8 on an upswing amid support from key energy indicators, while weather and supply fundamentals could continue to impact operations in the short-term for some ports.

Nov 09 - Europe and Africa residual fuel -- key market indicators
Reduced refinery runs limit supply .Feedstocks markets eye European lockdowns, product demand.

Nov 09 - Libyan recovery leads OPEC+ October crude output higher - S&P Global Platts survey
Extra UAE cuts boost OPEC+ compliance to 100.2% .Iraq raises production instead of making catch-up cuts .OPEC+ alliance to decide soon on 2021 quotas

Nov 09 - Japan's Fuji Oil to boost Oct-March crude runs to about 90% for kerosene demand
Japanese refiner Fuji Oil said Nov. 9 it plans to boost its crude run rates to about 90% in the October-March 2021 period, up from 79% in the April-September period as it plans to raise its kerosene output for the heating oil demand season.

Nov 09 - Jet paper strengthens on vaccine news even as demand seen staying weak in short term
The news that drug maker Pfizer has developed an effective vaccine against the coronavirus could start to hasten the recovery of a brittle jet fuel market, but until the distribution and viability of a large-scale vaccine can be determined, airline travel and as a result jet fuel demand is likely to remain under pressure, traders and analysts told S&P Global Platts.

Nov 09 - WAF gasoil weekly imports fall to 9-week low on building supply, lower Nigerian demand
The volume of gasoil being imported into Western Africa in the week beginning Nov. 2 fell to a nine-week low as demand dropped due to a build of supply offshore of Lome after a large number of vessels had arrived in previous weeks while demand from Nigeria was lower, sources said.

Nov 09 - Asia crude - Key market indicators this week
Crude oil markets in Asia kicked off the week of Nov. 9 rangebound as sentiment firmed after Joe Biden was declared winner of the US presidential election, as well as higher US job numbers and Chinese export numbers, but the COVID-19 pandemic continued to weigh on recovery.

Nov 09 - Refined product cracks surge as vaccine news boosts demand outlooks
Refined product cracks strengthened Nov. 9 as the entire energy complex moved sharply higher amid reports of a breakthrough in COVID-19 vaccine research.

Nov 09 - Flow batteries linked to tidal power to produce green hydrogen in Scotland
1.8 MWh vanadium flow battery to store tidal power .To produce green hydrogen via 670 kW electrolyzer

Nov 09 - UK's INEOS launches renewable hydrogen business, targets EU's 2030 strategy
Business based on INOVYN's electrolysis expertise .Looks to build capacity across INEOS sites .Power-to-methanol demo studied in Antwerp.

Nov 09 - QP Trading wins 10-year deal to supply LNG to Singapore
10-year supply agreement will begin in 2022 .Environmental criteria attached to deal .QP plans to increase LNG production to 126 mil mt/yr

Nov 09 - Russian PM nominates Rushydro CEO Nikolay Shulginov as energy minister
Rushydro CEO Nikolay Shulginov nominated as energy minister, with potential implications for Russia's OPEC+ and climate policy.

Nov 09 - Concordia Damen inks deal for 40 LNG dual fuel barges to be chartered by Shell
Concordia Damen will begin the construction of the tankers in December this year, it said.

Nov 09 - China's Oct crude imports drop 6.5% on year to 10.1 mil b/d, first fall since Apr
The fall in imports, which was within market expectations, is also likely to continue for the rest of 2020.

Nov 09 - Singapore Dec-Jan 10 ppm sulfur gasoil spread hits 3-month high on tighter supply
An extended period of regional refinery run cuts has tightened supply balances, traders said.

Nov 07 - Crude slides 4% as coronavirus surge weighs on outlooks
The oil price settled lower Nov. 6 as demand outlooks dimmed in the face of surging coronavirus infections and the spread of broad lockdowns across Europe.

Nov 07 - Dutch Vopak's Q3 proportional occupancy rate up on strong oil storage
Outlook for oil storage favorable amid continued crude volatility .Company eyes opportunities with green energy such as hydrogen .Marine fuel storage policy meets expectations

Nov 07 - Japan's NYK Line, partners to dissolve JV with new scheme for LNG bunkering
Says group 'will continue to develop LNG fuel market' .Holding company to be wholly-owned subsidiary of NYK.

Nov 07 - Verbund's Austrian green hydrogen ambitions boosted by Gas Connect acquisition
Acquisition positions Verbund in hydrogen economy .EAG renewables act accelerates transition .H2Future PEM electrolysis project advances.

Nov 07 - China's refiners cut Oct runs
Sinopec leads reduction with 5% decrease on-month .September transportation fuel output falls 7.9% on-year.

Nov 07 - China releases first national emission trade scheme draft rules for consultation
Voluntary CCERs to meet up to 5% compliance obligations .MEE to issue free emission credit initially.

Nov 07 - Singapore Residue stocks flat at 23.2 mil barrels in week to Nov. 4
"Bunker demand from container ships is firm. Overall total low sulfur bunker demand is steady," said a fuel oil trader based in Singapore.

Nov 07 - Biofuels in prime position to deliver on short-term climate goals - Goodfuels CEO
"I still think oil majors find that very hard to do we are a little ahead in terms of our product engineering," Kronemeijer said.

Nov 07 - Cheniere offering more competitively priced LNG for some US marketing volumes
Cheniere Energy is comfortable selling a greater amount of marketing volumes produced at its US LNG export terminals on terms that include a liquefaction fee of $2/MMBtu to $2.50/MMBtu, executives said Nov. 6.

Nov 07 - Argentinian oil producer Roch files for bankruptcy on coronavirus impacts
Fast-growing Argentina oil producer Roch has filed for bankruptcy protection after domestic and global pandemic-induced lockdowns forced it to slash oil production as low global oil prices cut export revenue.

Nov 07 - MARINE FUEL 0.5%S: Limited supplies boost prices, outpace lower than normal demand
Global marine fuel crack spreads strengthened across the globe in October on lower refinery runs and limited supplies.

Nov 07 - RWE eyes green hydrogen supply deals in the Netherlands
RWE has signed a letter of intent with chemical company OCI to supply green hydrogen to its methanol production facility in Delfzijl, the Netherlands, the German power company said Nov 6.

Nov 07 - Sempra looking at strategic funding options to support North America LNG plans
Sempra Energy is considering unspecified financing and investment options to fund the buildout of its North American LNG export infrastructure plans, company executives said Nov. 5.

Nov 07 - ARA fuel oil stocks edge lower on week to 1.351 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region edged 1.5% lower week on week to 1.351 million mt in the week to Nov. 4, Insights Global data released Nov. 5 showed.

Nov 07 - Argentina September refinery runs down 19.6% on year
Argentinian refineries' crude oil runs in September were 19.6% lower year on year, with a small rise in fuel oil production but sharp drops in diesel, gasoline and jet fuel output, the state statistics department Indec said late Nov. 5.

Nov 07 - International Seaways capitalizes on strong period tanker market, despite Q4 destocking
Crude and products tanker company International Seaways posted a solid third quarter net income of $14 million compared to a net loss of $11 million during Q3, 2019, as the company continued to benefit from strong VLCC time charter contract coverage concluded during March through May, when pandemic oil market economics prompted significant demand for floating storage.

Nov 06 - Brazil-bound U.S. soybean vessel loading at Gulf Coast terminal - Southport shipping lineup 
A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tonnes of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to a Southport Agencies shipping lineup seen by Reuters. Brazil is the world's top exporter of soybeans, so it almost never needs imports. This year, growers have sold huge volumes to top importer China, leaving little for domestic consumption. That has led to price rises for feed for animal farming and meatpacking operations in Brazil, and contributed to food inflation.

 
Nov 06 - First wave of ships explore green hydrogen as route to net zero 
Developers across the world are for the first time testing the use of hydrogen to power ships as the maritime industry races to find technologies to cut emissions and confidence grows the fuel is safe to use commercially. To reach goals for the shipping industry set by the United Nations, industry leaders say the first net-zero ships must enter the global fleet by 2030. Ships powered by green hydrogen could help meet the target.

 
Nov 06 - French soft wheat shipments hit season high on record China flow 
French soft wheat shipments outside the European Union in October reached their highest monthly level for the season, buoyed by a record volume of exports to China, an initial estimate based on Refinitiv data showed. Soft wheat exports to destinations outside the EU totalled 703,000 tonnes in October, the fourth month of the 2020/21 season, the Refinitiv loading data showed.

 
Nov 06 - China rejects Australia's appeal to remove barley import tariff, say sources 
China has rejected Australia's appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion ($1.05 billion) in 2018. The rejection comes after Australia sought a formal review over duties totalling 80.5% that China imposed this year, citing as grounds subsidies and dumping, activities that Australia has denied.

Nov 06 - Crude prices ease as traders book profits following three-day rally
Crude futures settled lower Nov. 5 as pandemic-related demand growth concerns prompted profit-taking after a three-session rally.

Nov 06 - India Sep gasoil exports fall 4% on month as domestic demand rises
India's gasoil exports in September eased back from a 4-month high reached the previous month as higher consumption amid largely steady domestic output pared back outflows.

Nov 06 - Colombia producer Frontera sees output remaining flat by end-2020
Frontera Energy is sticking with its full year production and capital expenditure targets, despite a drop in crude prices, the company said Nov. 5.

Nov 06 - Petroperu moving ahead with expansion projects post-lockdown
Petroperu moving ahead with expansion projects post-lockdown.

Nov 06 - PetroChina Jinzhou's first gasoil supply to Chile arrives at port
PetroChina Jinzhou's first gasoil supply to Chile arrives at port.

Nov 06 - Poland's PGNiG charters two tankers to lift US LNG
PGNiG has offtake agreements with Venture Global for its plants in both Calcasieu Pass and Plaquemines, also in Louisiana.

Nov 06 - Singapore-China 380 CST HSFO Dec arbitrage trade closes on weak SHFE price
"Arbitrage window from Singapore to China is now closed for both high sulfur and low sulfur," said a trader in Singapore.

Nov 06 - Asian LPG premium to naphtha near 7-month high, cements naphtha as feedstock
Naphtha prices in Asia had fallen on abundant supply and weakness in both crude and gasoline markets.

Nov 06 - India's HPCL July-Sep refining margin jumps 80.6% on year to $5.11/b
The refiner sold 8.1 million mt of refined products in the three months period, down 9.5% year on year.

Nov 06 - S Africa's Engen seeks gasoil, kerosene for Nov loading
South Africa's Engen seeks gasoil, kerosene for Nov loading.

Nov 06 - China's Norinco, ZPC set to get first oil product export quota for 2020 - sources
State-owned China North Industries Corp., or Norinco, and privately held Zhejiang Petroleum and Chemical are likely to receive their first batch of oil product export quotas for utilization by the end of 2020, company sources with knowledge of the matter told S&P Global Platts over the week of Nov. 6.

Nov 06 - PGNiG, Lotos perform first LNG bunkering in Szczecin, Poland
The first bunkering operation for an LNG fueled ship at Szczecin port in Northwest Poland took place on Nov. 5 in cooperation by Poland-based oil and gas companies PGNiG and Lotos.

Nov 06 - Argentina's YPF in talks with India's ONGC on cooperation in Vaca Muerta
Argentina's state-backed energy company YPF said it has entered into talks with India's state-owned ONGC on potentially working together to develop oil and natural gas resources in the giant Vaca Muerta shale play.

Nov 06 - Suez Canal oil tanker transits in Oct down 27% on year - BIMCO
The number of oil tankers transiting through the Suez Canal in October was down 27% year on year amid subdued demand for oil transportation, shipping industry association BIMCO said Nov. 5.

Nov 06 - ARA diesel, gasoil stocks up 4.4% on week to 2.67 mil mt -Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub rose 4.4% to 2.67 million mt on the week to Nov. 4, Insights Global data released Nov. 5 showed.

Nov 06 - Pemex business strategy needs urgent modification - IMF report
Pemex needs a complete overhaul that includes modifications to its business strategy and reforms to its governance and procurement as the state oil company puts a drag on the country's growth, the International Monetary Fund said.

Nov 05 - Potential split US government puts energy policy in agencies' court
With major national election outcomes still in flux Wednesday morning, energy lobbyists and policy analysts were parsing the potential for divided government to dampen energy policy shifts, even if Democratic presidential contender Joe Biden ultimately prevailed.

Nov 05 - US diesel markets shoot past one-year highs amid tight supply
Chicago diesel markets reached multi-year highs Nov. 4 and the Gulf Coast surpassed a one-year high as stocks continued to draw and refineries recovered from hurricane aftermath.

Nov 05 - Shipping industry should consider nuclear option for decarbonizing - experts
Stakeholders in the maritime industry are consider increased uptake of nuclear power as one of its choices as it strives to meet decarbonization targets mandated by the International Maritime Industry, according to industry observers and participants.

Nov 05 - Price rally extends as supply outlooks tighten following US crude draw
Oil futures settled higher Nov. 4 as the market eyed tightened supply outlooks following a US inventory draw and the possibility of extended OPEC+ production cuts.

Nov 05 - Fujairah Oil product stockpiles rebound from 13-month low
Middle distillates set record high on June 1 .Fujairah 0.5% sulfur marine fuel $8/mt lower than Singapore .Total stockpiles up 9% so far in 2020

Nov 05 - Platts MOC Singapore fuel oil swap trades fall 6% in October
Inter-month spread trades up amid volatility at end of month .HSFO trades inch down on-month.

Nov 05 - Singapore Marine Fuel 0.5%S/Dubai crack strengthens to six-month high on tightening supply
"Cargo inflow from the West is about 2 million mt in November. Stocks can go down by 500,000 mt during the month," said a fuel oil trader.

Nov 05 - Crude rises on OPEC+ news, API data, as market eyes US election
Sources told Platts Nov. 3 that if prices remain weak, the OPEC+ coalition could even revert back to its May-August quotas.

Nov 05 - Russian Novorossiisk's Nov. gasoil, ULSD exports at 636,000 mt
The November gasoil and ultra low sulfur diesel export program from the Russian Black Sea port of Novorossiisk is scheduled to total 636,000 mt, according to a copy of the loading program seen by S&P Global Platts Nov. 4.

Nov 05 - US ELECTIONS: Host of energy issues settled, but counting continues for president
The winner of the White House and control of the US Senate remained unknown early Nov. 4 as mail-in ballots continued to be counted, but implications for energy and commodity markets unfolded in local and state races across the country.

Nov 05 - Hurricane Zeta shut ins, rising refinery demand weigh on US crude inventories
US crude oil inventories moved sharply lower in the week ended Oct. 30 as hurricane-blunted production was met with rising refinery demand, US Energy Information Administration data showed Nov. 4.

Nov 05 - UN says climate science 'clear' as US withdraws from Paris Agreement
The science of global warming is clear and requires urgent international action, the UN said Nov. 4 as the US formally withdrew from the Paris Agreement on climate change, the first nation to do so.

Nov 05 - Argentina diesel, gasoline sales fall in September on lockdown
Argentinian diesel and gasoline sales dropped year on year for a sixth straight month in September, yet gasoline demand recovered on a month-on-month basis as a loosening of coronavirus lockdown revived demand, Energy Secretariat data showed Nov. 4.

Nov 05 - Argentina Crude exports rose in September on year
Argentina's crude oil exports rose 32.1% in September year on year, as a sluggish recovery in the country's oil demand encouraged producers to sell more abroad, Energy Secretariat data showed Nov. 4.

Nov 05 - Brazil's Petrobras puts 28 oil fields, gas plant in Bahia up for sale
Brazilian state-led oil company Petrobras continued to expand the company's $20 billion-$30 billion asset sales program, launching the sale of 28 onshore concessions, related export infrastructure and a natural gas treatment facility in Bahia state, Petrobras said in a prospectus released Nov. 4.

Nov 05 - Brazil to sell Campos, Santos offshore areas in Open Acreage bid round
Brazil will sell exploration and production concessions in the offshore Campos and Santos basins that are home to much of the country's oil output at the upcoming Open Acreage sale, the National Petroleum Agency, or ANP, said in a statement Nov. 4.

Nov 05 - S Korea's Hyundai Motor to supply 4,000 hydrogen trucks to China by 2025
South Korea's Hyundai Motor Co. will supply 4,000 hydrogen-fueled trucks to China by 2025, the vehicle maker said Nov. 4.

Nov 05 - S Africa's Cape Town refinery still shut amid rising product demand
S Africa's Cape Town refinery still shut amid rising product demand.

Nov 05 - Evolve or die: US refiners grasp renewables lifeline to stay viable
Once the scourge of the US refining industry, some refiners are now looking to renewable fuels to help their bottom lines and keep their facilities operational.

Nov 05 - Japan's ENEOS cuts weekly wholesale oil product prices by Yen 2,000/kl - sources
Japan's largest refiner ENEOS has cut the weekly domestic wholesale base prices of its five major rack petroleum products by Yen 2,000/kiloliter ($3.03/b), market sources told S&P Global Platts Nov. 4.

Nov 05 - NWE 0.1% gasoil at five-month high on lower refinery rates, Africa exports
Northwest European 0.1% gasoil value has hit a five-month high, supported by tighter supply of higher sulfur and density products after refineries reduced production and with a large volume exported to Africa, source said.

Nov 04 - Vietnam's Nghi Son offers 27,000 mt LSFO for H2 Nov
Vietnam's Nghi Son offers 27,000 mt LSFO for H2 Nov.

Nov 04 - Open interest for Singapore MF 0.5%S futures traded on ICE hits a high in Oct
Open interest for the Singapore low sulfur fuel oil forward curve contract on the Intercontinental Exchange hit a monthly high in October, data from the exchange showed Nov. 3.

Nov 04 - OPEC+ may consider deeper oil cuts if coronavirus lockdowns squeeze global economy - sources
Cloudy global economic prospects, along with a recent slide in oil prices, could prompt OPEC and its allies to ratchet back their production cuts to historic levels, sources told S&P Global Platts Nov. 3, as the market's recovery stalls.

Nov 04 - Iraq to alter crude export grades in 2021 with launch of Basrah Medium
Iraq is planning an overhaul to its key crude export grades next year with the introduction of a new medium sour crude known as Basrah Medium.

Nov 04 - Singapore 180 CST HSFO differential slumps on heavy selling after Pakistan cancels prompt tender
The FOB Singapore 180 CST high sulfur fuel oil cash differential recorded its largest day-on-day fall of $5.05/mt on Nov. 2, the largest daily decline in six months, on heavy selling, after Pakistan cancelled its buy tender for a prompt 180 CST HSFO cargo.

Nov 04 - Singapore-delivered IFO 380 CST bunker premium hikes to three-month high on rising inquiries
The delivered Singapore IFO 380 CST 3.5% sulfur bunker premium against the Singapore 380 CST HSFO cargo values rose to a three-month high on Nov. 2, S&P Global Platts data showed, amid a surge in inquiries.

Nov 04 - October fuel oil barge volumes traded in Platts London MOC rise 25% on month

Bunker demand resilient .Reduced refinery runs.

Nov 04 - Russia's Tuapse Nov. VGO loadings flat on month at 120,000 mt
Lower refinery output supports values .Risk of future downstream bearishness.

Nov 04 - Newbuild ships must accommodate future emissions goals
Emerging regulation risks to affect ship valuations .Ships must be built with future adaptions in mind.

Nov 04 - Australia's maritime union urges government to nationalize BP's Kwinana refinery
Australia likely to become more import reliant after refinery closure .Risky to rely solely on foreign vessels for shipments **Proposes for local seafarers to be crew of Australian-flagged tankers.

Nov 04 - USGC Nov middle distillate flows to Europe at 40,000 mt so far, amid strong US market - cFlow
US Gulf Coast middle distillate shipments expected to arrive into Europe in November are scheduled at around just 40,000 mt so far, after October saw the lowest volumes in five months, S&P Global Platts data showed Nov. 3.

Nov 04 - Russia Oct refining throughput down 11.2% on year at 21.42 mil mt
Russian refineries processed 21.420 million mt (about 5.04 million b/d) of crude in October, down 11.2% year on year and down 1.4% from September, according to energy ministry data released Nov. 3.

Nov 04 - Brazil crude exports fall on year in September
Brazilian crude oil exports fell 2.9% year on year in September, marking the first decline in eight months amid signs of a recovery in domestic demand and higher refinery capacity utilization rates by state-led oil company Petrobras, according to data released Nov. 3 by the National Petroleum Agency, or ANP.

Nov 04 - Brazil Sep refined-product sales up 3% on month, but down 1% on year
Brazil's refined-product sales posted an eighth-consecutive month of year-on-year decline in September amid an ongoing battle to contain the coronavirus outbreak, according to data released Nov. 3 by the National Petroleum Agency, or ANP.

Nov 04 - European fuel oil paper volumes in October MOC down 47% on month
Med-North trades fall on month .Uncertainty hangs over market.

Nov 04 - France's Engie pulls out of talks for US LNG import deal with NextDecade - company
Engie came under pressure not to import US shale gas .NextDecade seeking buyers for Rio Grande LNG project .Environmentalists say US LNG not aligned with climate goals.

Nov 03 - Trump signs fracking order aimed at voters more than supply
The Trump administration's weekend executive order on fracking -- aimed squarely at the tight election race in No. 2 gas producer Pennsylvania -- is the latest in a string of White House orders on energy that will have mostly messaging impact rather than changing any supply or demand fundamentals.

Nov 03 - Crude rallies as Novak signals openness to OPEC+ quota extension
Crude futures climbed off five-month lows to settle higher Nov. 2 amid signs that OPEC+ will extend its current production quotas into 2021.

Nov 03 - Platts FOB Singapore fuel oil trading volume in Oct jumps on month to 1.4 million mt
Trades in physical FOB Singapore fuel oil cargoes during the Platts Market on Close assessment process surges more than doubled to 1.409 million mt in October from September, S&P Global Platts data showed Nov. 2.

Nov 03 - USAC diesel premium to heating oil surpasses three-year high
Diesel's premium over heating oil for barrels delivered into the US Atlantic Coast rose Nov. 2 to its largest level in more than three years, powered by a combination of factors.

Nov 03 - Marathon Petroleum lowers fourth quarter run rates as it shifts to lighter crude slate
Marathon Petroleum will cut refinery run rates in the fourth quarter as it grapples with higher costs and weak demand resulting from the coronavirus pandemic, CEO Mike Hennigan said on Nov. 2.

Nov 03 - November Primorsk ULSD exports up 29% on month
Exports of ultra low sulfur diesel from the Russian port Primorsk in the Baltic will total 1.232 million mt in November, a 29% rise from October and 1% higher than November 2019.

Nov 03 - Kazakhstan to extend ban on diesel imports
Kazakhstan plans to extend its ban on diesel imports until April, the energy ministry said in a statement, citing energy minister Norlan Nogaev.

Nov 02 - Russia's Tuapse ULSD exports to jump 56% on month in November

The November ULSD export program from the Russian Black Sea port of Tuapse is scheduled to total 300,400 mt, up 56% month on month, according to a copy of the loading program seen by S&P Global Platts Nov. 2.

Nov 02 - Venezuela's average oil output rises 25,000 b/d on month to 410,000 b/d in Oct
Venezuela's overall oil production in October rose to an average 410,000 b/d, a 25,000 b/d increase from September's 385,000 b/d, according to state-owned PDVSA's daily production reports reviewed by S&P Global Platts.

Nov 02 - European LSGO futures net speculative length hits 8-month low
Speculative net long positions in ICE low sulfur gasoil futures fell 9,366 contracts to 883 in the week to Oct. 27, the lowest level since March 27, according to ICE data.

Nov 02 - Platts FOB Singapore gasoil trades fall to 4-month low in Oct on muted demand

The volume of physical gasoil cargoes that traded during the Platts Market On Close assessment process in Singapore slipped to a four-month low in October on the back of persistent demand challenges facing the middle distillate product.

Nov 02 - US crude stocks expected lower as Hurricane Zeta shuts US Gulf production
US oil inventories likely declined in the week ended Oct. 30 as Hurricane Zeta shut in Gulf of Mexico production, an S&P Global Platts analysis showed Nov. 2.

Nov 02 - Europe and Africa residual fuel, key market indicators this week
The Northwest European bunker markets have remained relatively resilient despite the current economic environment, as Rotterdam bunker sales rose 8% on the quarter during Q3, port authority data showed. High sulfur fuel oil increased its share in Rotterdam's bunkers market despite unfavorable payback economics for scrubber installations.

Oct 31 - Crude hits five-month lows as European lockdowns loom
Oil futures were settled near five-month lows Oct. 30 as rising COVID-19 cases continued to weigh on demand outlooks.

Oct 31 - Asian straight-run fuel oil demand set to drop on strong HSFO crack spread
The strong crack spread for Singapore 180 CST high sulfur fuel oil will put a dent in the demand for straight-run fuel oil from Asian refiners, market sources said in the week of Oct. 25.

Oct 31 - Singapore Residue stocks dip 4.5% to 23.2 mil barrels on export surge
Singapore's commercial onshore residue stocks fell 4.5% week on week to 23.216 million barrels in the week ended Oct. 28 amid a surge in exports, Enterprise Singapore data showed.

Oct 31 - VLSFO bunker prices strengthen relative to crude - Navig8
Prices for very low sulfur fuel oil have experienced relative strength compared to the wider crude market, based on the jet and gasoil markets, but remain relatively rangebound, shipping company Navig8 said in a research note published Oct. 30.

Oct 31 - Transport fuels under pressure in European amid new lockdowns
Economic mobility indicators at two-month lows .Flat prices fall, but fuel oil cracks firm.

Oct 31 - Poland's Lotos refinery sees Q3 throughput fall 6% on pandemic
Heavy fuel product sales volumes fall 43% on-year .Overall retail sales volumes edge down 0.1%

Oct 31 - Unipec charters newbuild VLCC to take Asian ULSD to Europe
Move seen as strategic given poor arb economics .Trader's previously fixed newbuild VLCC for gasoil in March .Asian market plagued by limp demand, ample supply.

Oct 31 - Spanish Sep bunker fuel volume up 1% on month, down 22% on year
Algeciras demand drives increase .Las Palmas, Barcelona see decreases.

Oct 31 - HSFO Baltic Sea Oct exports to ARA region rise 45% on month - Kpler
HSFO Baltic to US exports fall .Tightness at ARA lingers.

Oct 31 - ARA fuel oil stocks decline 7.2% on week at 1.372 mil mt - Insights Global
Tight availability supports cracks .Loading delays affecting VLSFO ease.

Oct 31 - Tanker freight markets eye outcome of US elections
New US sanctions draw attention to elections .Outcome of elections to affect current sanctions .Democrats focus on transition to renewables.

Oct 31 - BP to shut Australian Kwinana refinery, convert it into fuel import terminal
Converting the refinery into an import terminal will help ensure ongoing security of fuel supply for Western Australia, the company said.

Oct 31 - BW Group's Hafnia partners with Arq to develop waste-derived bunker fuels
Under the partnership agreement, Hafnia will conduct trials using Arq Fuel on some of its vessels, it said.

Oct 31 - All locks and dams reopen on Illinois River following planned maintenance
"Today was the day we'd hoped to reopen everything, and we got it all done," Marshall said.

Oct 31 - Libyan oil onrush could maim Atlantic Basin sweet crudes
"Demand has been okay but you got to imagine it is teetering on the precipice because of the flood of Libyan crude coming in," a trader said.

Oct 31 - LNG tankers without reservations seeing longer waiting times at Panama Canal

Market participants have reported wait times recently of six to eight days for northbound transits and four to six days for southbound transits.

Oct 30 - Fujairah MF market may garner further support on tight availability - traders
Fujairah marine fuel 0.5%S bunker market may firm up further going into November due to thin product availability, traders said Oct. 29.

Oct 30 - Crude weakest since June amid coronavirus-dimmed demand outlooks
Oil prices settled at the lowest level since early June on Oct. 29 as demand outlooks dimmed in the face of rising coronavirus cases that have sparked broad lockdowns in Europe.

Oct 30 - Rotterdam Q3 bunker fuel sales rise 8% on year
Fuel oil sales rise, MGO sales fall .HSFO sees its share creep up from Q2.

Oct 30 - Rotterdam Q3 LNG bunker sales double on year
Year-to-date sales greater than annual volume for 2019 .LNG cargo throughput at Rotterdam falls in Q1-Q3.

Oct 30 - Rotterdam HSFO crack hits record high on tight supply
Tight availability drives multi-month record for margin .Coronavirus continues depresses production levels.

Oct 30 - India's BPCL looks to increase Mumbai bunker sales
BPCL revives operations at Mumbai Oil Terminal .Supply chain made more efficient to ensure prompt deliveries .Company to tap outer port limit arrangements for bunkering.

Oct 30 - Aframax Med market reaps benefits from Libyan crude export surge
Libyan output supports Aframax freight rates .European refineries buying Libyan crude .Other European grades to be pulled East.

Oct 30 - India's HPCL sells HSFO for Nov 5-7 from Visakhapatnam

The company last sold 27,000 mt of 380 CST HSFO with 3.5% maximum sulfur for loading over Oct. 16-18 from Visakhapatnam to an unknown buyer, at a discount of $20-$25/mt to MOPS 380 CST HSFO assessments, market sources said. HPCL is an occasional seller of HSFO via spot tenders, according to market sources.

Oct 30 - Bangladesh to maintain HSFO imports in Nov despite shoulder season on high LNG prices
Bangladesh's import of high sulfur fuel oil in November is expected to be steady from October as the country's plan to import LNG from spot market for the month thwarted due to higher than expected price, industry sources said Oct. 29.

Oct 30 - Gibraltar September bunker calls fall 2% on month
There were 412 bunkering operations at the Mediterranean bunkering hub of Gibraltar in September, 2% less than in August, data from the Gibraltar government showed.

Oct 29 - China likely to issue more corn import quotas, buy millions of tonnes of crops 
China's government is expected to issue more import quotas and buy millions of tonnes of additional corn in the new crop marketing year, three industry sources said, amid a surge in animal feed demand and tightening supplies. Under already approved quotas, Beijing has booked around 12 million tonnes of corn from the United States and around 5 million tonnes from elsewhere including Ukraine for the 2020/21 marketing year, according to a Singapore-based international trading source and two other people with knowledge of the deals.

 
Oct 29 - Singapore's MPA seeks proposals for new LNG marine fuel supply 
Singapore's Maritime and Port Authority (MPA) said on Wednesday it plans to issue up to two new licences for the supply of liquefied natural gas (LNG) bunker fuel in the city-state's port to meet growing demand. The MPA launched a request for proposal (RFP), with a Dec. 15 closing date for submissions, and said it will look to award the licenses by February next year. 

 
Oct 29 - Cargill looks to use wind to cut carbon in shipping 
Cargill, one of the world's biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday. About 90% of world trade is transported by sea and the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050.

Oct 29 - Crude plunges 5% on Europe lockdowns, US inventory build
Oil futures settled near one-month lows Oct. 28 as fundamental outlooks dimmed amid tightened COVID-19 restrictions in Europe and a US crude inventory build.

Oct 29 - Indonesia's Pertamina to skip Q4 LSFO exports from Balikpapan
State-owned Pertamina is likely to skip exports of low sulfur fuel oil cargoes loading from its 260,000 b/d Balikpapan refinery in the fourth quarter as the company is operating its refineries at reduced run rates, a source close to the matter said on Oct. 27.

Oct 29 - Japan's ENEOS looks to trim Oct-Dec fuel oil price
Japan's largest refiner ENEOS is looking to trim its October-December low sulfur fuel oil price for domestic industrial customers by 1.8% from the July-September quarter to Yen 41,640/kiloliters ($62.57/b) due to lower oil prices, documents obtained by S&P Global Platts showed.

Oct 29 - Oil demand too weak for January OPEC+ production increase - Aramco Trading CEO
Stressed refining margins indicate demand issues ! Prices likely to remain in $38-$43/b range .Drop in shale production supporting prices.

Oct 29 - Oil, gas to play key role for decades despite energy transition - Petronas CEO
Petronas will continue to pursue its oil, gas investments ! Aiming for bigger footprint in hydrogen, solar, biofuels.

Oct 29 - Ireland Sep oil products and biofuels demand up 16% on month
Fuel oil demand falls 6.85% on month , Motor fuel demand rises.

Oct 29 - Scrubber uptake clouds incentive for low sulfur marine fuel production - Concawe
Scrubber demand increases to 20% by 2025: Wood Mackenzie, Concawe .Northwest Europe HSFO arbitrage to Asia drops since March 2019 .Middle distillate demand decline by 2025 will see more enter bunker pool.

Oct 29 - Total charters four LNG-powered Aframax-type tankers
Vessels to carry crude or refined products .Industry sources view LNG as transitional fuel.

Oct 29 - Scorpio Bulkers outlines vessel sales following unsuccessful scrubber gamble

Shipping company pivots to wind turbine infrastructure .Wind turbine contract signing 'imminent'.

Oct 29 - China's LSFO production capped by export quota, refinery run cuts
Fuel oil exports decline for first time in 5 months in Sep .Consumption of bunker fuel at Chinese ports rise.

Oct 29 - Germany's Schwedt refinery still running at reduced runs
- sources
Refinery running at around 80% capacity.

Oct 29 - Clean tanker markets braced for WAF complications due to Lagos protests
Discharge delays could be due to security or ullage issues .Clean tanker owners still willing to make journey.

Oct 29 - India looks to roll out hydrogen roadmap in pursuit of cutting energy imports
"We need to bring in policies so that people are encouraged to use hydrogen even though hydrogen is a little bit expensive," Kapoor said.

Oct 29 - China's pilot reform plan for Shenzhen to boost bonded bunkering demand
In addition, LNG bunkering services to international ships in Shenzhen waters is also included as a pilot business.

Oct 29 - Fujairah Record plunge in light distillates stocks pushes total lower
"The refineries in the Middle East are not running at full rates. So naturally there will be drawdowns in supplies," one market participant said.

Oct 29 - MAN Energy Solutions completes world's first LPG-fueled retrofit of ship
With LPG as a marine fuel, the BW Gemini's output efficiencies rise by around 10% against fuel oil.

Oct 28 - Oil climbs as Hurricane Zeta takes more US output offline
Energy prices settled higher Oct. 27 as US Gulf of Mexico operators shut in crude production ahead of Hurricane Zeta, tightening supply outlooks.

Oct 28 - Brazil Diesel, bunkers drive refinery output up 7.8% on year in Sep

Brazil's refineries registered a fourth consecutive month of year-on-year output growth in September amid ongoing strong demand for ULSD and low sulfur bunker fuel, according to data released Oct. 27 by the National Petroleum Agency, or ANP.

Oct 28 - Japan moves to develop fuel ammonia supply chain with potential 20 mil mt/year demand
**Fuel ammonia seen as effective for carbon neutrality **METI sees fuel ammonia as zero-emission fuel which can be deployed quickest **Series of pilot projects underway for co-burning ammonia.

Oct 28 - Crude higher in Europe as Hurricane Zeta locks in production
**Hurricane in US limits production **Coronavirus keeps ceiling on prices.

Oct 28 - Singapore LSFO-HSFO spread recovers from 45-day low amid stable HSFO demand
"[380 CST] HSFO is and has been more bullish [than LSFO] for some time now," a trader said.

Oct 28 - Uptick in fuel demand spurs increases in India's refinery runs, crude purchases
"We expect oil demand and refinery run to reach the pre-Covid 19 levels in the first quarter of 2021," an oil ministry official said.

Oct 28 - S Korea's EWP seeks 38,000 mt 540 CST LSFO for Nov delivery
EWP last bought via tender 38,000 mt of 540 CST LSFO with maximum 0.3% sulfur for delivery to Ulsan Sept. 24-28 from Hyundai Corp. at a premium of $60-$80/mt to the September average of MOPS 180 CST HSFO assessment, CFR, S&P Global Platts reported previously.

Oct 28 - Mexico's bunker market faces limited storage availability - Navalmex
A lack of storage and tax regulations for fuel imports are the main hurdles private companies in Mexico are currently facing to develop the bunker industry in the country, Leonor Mondragon, general director at Navalmex, told S&P Global Platts.

Oct 28 - Mauritius' STC seeks HSFO, LSFO for 2021
PetroChina is the current supplier of STC's 2020 fuel oil term contract, market sources reported earlier, although pricing details were not available.

Oct 28 - Germany's Heide slightly reduces runs on end of bitumen season
**Bitumen output capacity may switch to fuel oil production.

Oct 28 - Gothenburg port Q3 throughput suffers from COVID-related industrial downturn
**Container volumes down 9%, energy products 26% **Port expects volumes to pick up again in Q4.

Oct 27 - Europe and Africa residual fuel -- key market indicators this week
Market conditions in Northwest Europe are strengthening as a result of reduced supply in the market, while demand remains largely unchanged at levels below those before the coronavirus pandemic.

Oct 27 - Americas Bunkers : Key market indicators this week
Spot marine fuel pricing was again mixed throughout the Americas, with the week ended Oct. 24 seeing a bearish close, as ports took direction amid limited liquidity and some feedback pointing to shifts in supply fundamentals.

Oct 27 - Asia residue fuel market - Key market indicators this week
Traders expect fuel oil supply for both low sulfur and high sulfur grades to remain tight in the coming weeks as refiners are cutting run rates globally due to weak middle distillate demand.

Oct 27 - Shipping industry players must take more active role in decarbonization
**Industry must work in tandem with other stakeholders **EU ETS undermines global decarbonization efforts

Oct 27 - IMO's additional CO2 draft measures set tone for future shipping decarbonization
The draft amendments will be forwarded to the Marine Environment Protection Committee 75 to be held in November.

Oct 27 - Chinese fuel oil exports drop 23% on month to 1.27 mil mt
China exported 1.27 million mt of fuel oil in September, down 23% on the month but up 31.9% year on year, data from the General Administration of Customs showed Oct. 26.

Oct 27 - Singapore 10 ppm gasoil/marine fuel 0.5%S spread shrinks to 6-month low on faltering gasoil
The spread between FOB Singapore 10 ppm sulfur gasoil and marine fuel 0.5%S narrowed to a 6-month low Oct. 23 on the back of weakening gasoil and tightening marine fuel 0.5%S markets.

Oct 27 - GALP maintains 2020 output, capex targets on Brazil ramp-ups
**Targets 10% production growth, 50% capex cut **Production costs reduced to $1.90/b in Q3 **Downstream hit by aviation, bunkers

Oct 27 - Market imbalances point to opportunities for clean products tanker market - analysts
**Differing impact of coronavirus opens arbitrage windows **Gasoline key to recovery for oil demand **Short-term outlook for gasoline, clean tankers weak

Oct 27 - Security incident occurs on oil tanker off UK - sources
"It was reported that a number of stowaways were on board, and they had made threats towards the crew," a Hampshire Constabulary spokesman said.

Oct 26 - Truck shipments from MMG's Las Bambas mine in Peru back to normal
Shipments from MMG Ltd's Las Bambas copper mine in Peru to the port of Matarani have returned to normal after nearly a week of disruption last week as communities prevented trucks from using the main road, a spokeswoman said on Monday. "Inbound logistics continued to operate with restricted outbound logistics for approximately six days. Trucking and drawdown of stockpiles has resumed at normal levels," the spokeswoman told Reuters, adding that production was not hit.

Oct 24 - NWE MGO availability tightens amid minimized refinery production
Availability of marine gasoil in Northwest Europe has tightened as oil refineries reduce production rates in the face of a second wave of coronavirus infections.

Oct 24 - Trafigura buys stake in Italian Saras; access to largest refinery in the Med
**Trafigura to "engage" as a shareholder **Saras operates 300,000 b/d Sarroch refinery **Minority stake worth around Eur13 million

Oct 24 - LR2 oversupply sees owners short loading vessels as competition for cargoes heightens
Freight indications for Mediterranean-Japan shipments basis 80,000 mt fell from $1.9 million lump sum on Oct.1 to $1.5 million lump sum on Oct.21.

Oct 24 - South Korea's Hyundai Heavy, Glovis receive approval to build liquefied hydrogen carrier
Under the MOU, Hyundai Glovis will transport hydrogen manufactured at Hyundai Steel's plant at Dangjin to HyNet's hydrogen charging stations in Chungcheong.

Oct 24 - ARA fuel oil stocks up 22% on week at 1.478 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region increased 22% on the week at 1.478 million mt in the week to Oct. 21, showed Insights Global data released Oct. 22.

Oct 24 - Europe HSFO cracks strengthen further on sour crude woes, despite improving availability
The European fuel oil market has seen notable strength in the high sulfur fuel oil cracks in recent weeks, despite previous tightness in the region reportedly easing, and much to the surprise of many market participants.

Oct 24 - Green fuels in focus ahead of IMO's 2030 target to cut carbon emissions - conference
After a transition to IMO 2020, shipowners and bunker buyers are now facing their next big challenge -- the 2030 target to reduce greenhouse gas emissions, participants said at the Maritime Week Americas 2020 conference organized by Petrospot.

Oct 24 - Tight availability of VLSFO bunkers in ARA causes loading delays - sources
Availability of very low sulfur fuel oil is tight in the Amsterdam-Rotterdam-Antwerp region, causing loading delays of between two and three days, market sources said.

Oct 24 - Conversion starts of Sweden's Lysekil refinery
**Redevelopment will reduce GHG emissions by up to 1.7 million mt/year **New plant operations expected to start by 2024

Oct 23 - Energy climbs on stimulus hopes, better US jobs data
Oil futures settled higher Oct. 22 amid fresh hopes for passage of a US stimulus bill and stronger-than-expected jobs data.

Oct 23 - Port of Rotterdam to introduce bunker license scheme from February 2021
The European bunkering hub of Rotterdam, the Netherlands, will apply a bunker supplier license scheme from February 2021, according to a document on the port authority's website.

Oct 23 - Pakistan's PSO keeps year-end fuel oil, LNG demand after end-Oct HSFO tender 'unawarded'
PSO issued the tenders seeking a total 585,000 mt of HSFO and 220,000 mt of LSFO in the first week of October.

Oct 23 - Singapore-China 380 CST HSFO arbitrage trade opens on higher SHFE prices
"Not all of the HSFO is going into the bunker fuel market, some are not marine fuel specifications, and could be used for blending," a source said.

Oct 23 - India's HPCL offers HSFO for Nov. 5-7 from Visakhapatnam
HPCL is an occasional seller of HSFO via spot tenders, according to market sources.

Oct 23 - Singapore Nov ex-wharf marine fuel term contracts settled higher as demand picks up
Singapore's ex-wharf term contracts for November-loading 0.5% sulfur marine fuel were heard settled at a premium of $5.00-5.50/mt over the FOB Singapore Marine Fuel 0.5% cargo assessment, higher than the contract settlements of a $4.00-4.25/mt premium for October-loading contracts, sources said Oct 22.

Oct 23 - Bangladesh's BPC buys HSFO, LSFO for H1 2021
The low sulfur fuel oil purchases are in line with the government's aim of importing cleaner gasoil and marine fuel. The country earlier relied on imported 180 CST fuel oil with a sulfur content of 3.5% and is now importing the grade only for power generation.

Oct 23 - Russia September fuel oil exports fall 5.1% on year to 2.454 mil mt
**Fuel oil exports down 3.7% on month **Domestic deliveries down 28% on year at 667,778 mt

Oct 23 - MAN Energy Solutions to lead Danish group to make ammonia-fueled ship engine
Hydrogen and ammonia are the leading candidates to meet cleaner fuel goals, De Stoop said.

Oct 22 - Argentine soy workers/exporters remain far apart in contract talks after strike 
Argentine soymeal exports were subject to a 24-hour strike by the main oilseed workers union, but local operations at Chinese export company COFCO were spared thanks to a special COVID-19 bonus it paid to employees, the union said on Tuesday. The labor group, known by its Spanish acronym SOEA, staged the walk-out to press for higher compensation ahead of a meeting with export company executives and Labor Ministry officials scheduled for Thursday. The government, desperate for export dollars to help the country recover from recession, is keen to keep the key soymeal and soyoil industry on its feet.

 
Oct 22 - Port of Rotterdam sees recovery in trade after pandemic shock 
Freight volumes in the Port of Rotterdam improved in the third quarter after the deep slump caused by the coronavirus pandemic in the first half of the year, Europe's largest sea port said on Wednesday. Throughput of agribulk, iron ore, biomass and goods transported by trucks on ferries showed a marked improvement at the end of the third quarter, the port said, while the number of containers that arrived in Rotterdam also increased.

 
Oct 22 - Israel's Zim opens direct shipping line to UAE 
Israeli shipping firm Zim said on Wednesday it would start to offer direct service to Jebel Ali port in the United Arab Emirates (UAE). With its new line, Zim joins a number of international rivals - including MSC, Maersk - to announce they would offer a connection between Israel and the UAE since the countries agreed to normalize relations. 

 
Oct 22 - Singapore suspends supply licences of Hin Leong shipping fuel unit 
Singapore has suspended the licences to sell ship fuel held by a subsidiary of defunct oil trader Hin Leong Trading Pte Ltd since it could no longer meet the licensing requirements, the Maritime and Port Authority of Singapore (MPA) said on Monday. The MPA suspended the licences for Hin Leong's subsidiary Ocean Bunkering Services Pte Ltd (OBS), an agency spokesperson said in an emailed response to questions from Reuters sent on Oct. 12.

 
Oct 22 - U.S. firm Pilot LNG signs deal to supply LNG bunker from proposed Galveston port 
Texas-based firm Pilot LNG has signed a non-binding deal for the supply of liquefied natural gas (LNG) marine fuel from its proposed Galveston LNG Bunker port, the region's first dedicated LNG bunker terminal, the company said late on Tuesday. It signed a preliminary deal, known as the heads of agreement (HOA), with bunkering firm GAC Bunker Fuels for the supply of LNG marine fuel on a delivered ex-ship (DES) basis.

Oct 22 - RBOB plunges 4% as US gasoline demand tests four-month lows
NYMEX RBOB futures settled sharply lower Oct. 21 after US Energy Information Administration data showed a slowdown in gasoline demand led to an unexpected inventory build last week.

Oct 22 - Rotterdam port reports lower crude, products throughput on coronavirus
**Iron ore, scrap throughput plunges on lower steel output **Coal throughput falls on power sector's move to renewables, gas.

Oct 22 - Singapore physical gasoil crack falls below $3/b on prolonged weak demand, poor outlook
The physical gasoil crack was last assessed below $3/b on Oct. 1 at $2.84/b and was last assessed lower on Sept. 29 at $2.33/b.

Oct 22 - Singapore suspends OBS' bunkering licenses after Hin Leong debacle - MPA
MPA has suspended OBS' bunkering licenses until further notice, a MPA spokesperson said.

Oct 22 - BW LPG launches week-long sea, gas trials for world's first LPG-fueled VLGC
BW Gemini is the first of 12 VLGCs it has committed to retrofit with LPG dual-fuel propulsion engines at the Chinese shipyard.

Oct 22 - Japanese Oct. 11-17 oil product exports surge 42.6% to 1.90 mil barrels
Japan's oil product exports surged 42.6% week on week to 1.90 million barrels over Oct. 11-17 due mainly to higher fuel oil exports, according to data released Oct. 21 by the Petroleum Association of Japan.

Oct 22 - Brazil's Petrobras boosts Q3 refinery output on ULSD, bunker demand
Petrobras boosted third-quarter refinery output by 6.6% year on year amid strong demand for low sulfur products like ultra low sulfur diesel and bunker fuel that meets the International Maritime Organization's 2020 mandate, according to the company's third quarter production and sales report, released Oct. 20.

Oct 22 - Brazil's Petrobras Q3 refined product sales down 1.5% on year

Brazilian state-led oil company Petrobras registered a 1.5% year-on-year decline in refined product sales in the third quarter, opting to move more excess barrels of crude and products into global export markets despite signs of a growing recovery in domestic demand, according to the company's latest production and sales report released Oct. 20.

Oct 22 - Fujairah port's throughput returns to 'normal' after COVID-19 hit
**Port looking at reporting bunker numbers **Throughput hit record high in February 2020 **LNG an area for expansion - ENOC's Horizon

Oct 22 - Fujairah Oil products stockpiles end longest slump on record
Stockpiles in Fujairah as of Oct. 19 stood at 20.339 million barrels, up 3.3% from a week earlier and the first increase in eight weeks.

Oct 22 - High cargo costs to keep China delivered marine fuel 0.5%S premiums elevated
- sources
"We expect prices to remain stubbornly high in the next few months, as cargo costs have risen," a Zhoushan based supplier said.

Oct 22 - Limited deals for Q4 S Korean marine fuel 0.5%S term contracts - sources
"There are very few contract levels for Q4, [most people are trading] only [on] spot as prices are higher," a trader said.

Oct 21 - Crude prices rally on US stimulus hope, but COVID-19 surge caps rally
Energy prices settled higher Oct. 20 amid signs of progress on a US coronavirus stimulus bill, but demand outlooks remained under pressure amid renewed social restrictions in Europe.

Oct 21 - USGC HSFO at narrowest discount to Brent since 2019; higher prices may hurt demand
High sulfur fuel oil cracks in the US have reached their highest levels in 18 months Oct. 20, although multiple sources in the market expect a downward correction due to demand declines in the US.

Oct 21 - GAC and Pilot LNG sign agreement for LNG bunker supply in US Gulf
GAC Bunker Fuels and Texas-based LNG solutions company Pilot have executed a heads of agreement for the provision of LNG bunker in the proposed Galveston LNG Bunker Port terminal project, GAC said Oct. 20.

Oct 21 - Argentina's YPF cancels floating LNG terminal on low gas prices
Argentina's YPF said late Oct. 19 that it has agreed to pay $150 million to Belgian shipping group Exmar for the early cancelation of a 10-year lease for a floating liquefaction terminal (FLNG), as a decline in natural gas production and prices appear to have slowed the state-backed energy company's ambitions to sell supplies globally.

Oct 21 - Pakistan cancels tender seeking 65,000 mt 180 CST HSFO for early Nov delivery
PSO is also seeking an additional 520,000 mt of 180 CST HSFO for delivery over H1 and H2 December as four 65,000-mt shipments in each half-month.

Oct 21 - Taiwan's CPC suspends bunker fuel supply at Taichung from Oct. 19
"There are two barges at Taichung, but both have unexpectedly run into problems," a company official said.

Oct 21 - Bunker fuel sales in Panama edge up in Sep on month
"In general, it was in line with what one has been seeing [in the market]," a source said.

Oct 21 - Argentine soy workers/exporters remain far apart in contract talks after strike
Argentine soymeal exports were subject to a 24-hour strike by the main oilseed workers union, but local operations at Chinese export company COFCO were spared thanks to a special COVID-19 bonus it paid to employees, the union said on Tuesday. The labor group, known by its Spanish acronym SOEA, staged the walk-out to press for higher compensation ahead of a meeting with export company executives and Labor Ministry officials scheduled for Thursday. The government, desperate for export dollars to help the country recover from recession, is keen to keep the key soymeal and soyoil industry on its feet. 

Oct 20 - Singapore suspends supply licences of Hin Leong shipping fuel unit 
Singapore has suspended the licences to sell ship fuel held by a subsidiary of defunct oil trader Hin Leong Trading Pte Ltd since it could no longer meet the licensing requirements, the Maritime and Port Authority of Singapore (MPA) said on Monday. The MPA suspended the licences for Hin Leong's subsidiary Ocean Bunkering Services Pte Ltd (OBS), an agency spokesperson said in an emailed response to questions from Reuters sent on Oct. 12.
 

Oct 20 - Singapore Nov 180 CST HSFO/Dubai swap spread flips to positive on Pakistan demand
The Singapore front month November 180 CST high sulfur fuel oil swap crack spread against Dubai flipped to positive on Oct. 16, for the first time since April 14 due to unexpected demand from Pakistan, Platts data showed.

Oct 20 - China's INE plans to allow physical delivery overseas against its VLSFO futures contract
The Shanghai International Energy Exchange is planning to allow physical delivery outside of China against its newly-launched low sulfur fuel oil futures in an effort to promote both the contract and the internationalization of the yuan, an INE official said Oct. 16.

Oct 20 - Asia residue fuel market - Key market indicators this week
Traders expect the recent bullishness in the Singapore 180 CST high sulfur fuel oil market to be maintained over much of first-half November on the back of South Asian demand for the power generation HSFO grade over the fourth quarter.

Oct 20 - EMEA Middle Distillates - Key market indicators this week

European distillate demand has remained mostly weak, but lower supply has supported the markets and narrowed the contango in the paper markets.

Oct 20 - Americas Bunker - Key market indicators this week
Spot bunkers pricing showed mixed movements throughout the Americas during the week of Oct. 12-16, and markets enter this week with an eye on key global energy indicators amid recent volatility and fluid demand fundamentals.

Oct 17 - Avenir takes delivery of small-scale LNG vessel to service Malaysian market
Vessel has 7,500 cu m capacity, ability to run on LNG, diesel.

Oct 17 - Crude edges lower as market searches for direction amid COVID-19 surge
Libyan crude exports poised to rise sharply.

Oct 17 - China becomes big LSFO supplier as cleaner fuel demand soars - Sinopec exec
In the first nine months of the year, Chinese refineries have produced over 5 million mt of LSFO.

Oct 17 - ARA fuel oil stocks down 9.3% on week to 1.212 mil mt - Insights Global
Support for fuel oil cracks has come from reduced refinery runs, which has led to difficulty in sourcing product.

Oct 16 - China's iron ore imports boosted by Brazil, Australia supplies 
China's iron ore imports in September rose thanks to a combination of a supply lift from major miners and easing port congestion, with the coming months pointing to further solid supplies from key players Brazil and Australia. Iron ore shipments in September rose 8.2% from the prior month, and 9.3% from a year ago to 108.55 million tonnes, official data from China's customs authority showed on Tuesday.

 
Oct 16 - Canada's Brookfield to kickstart IPO of $1.4 bln Australian coal port - sources 
Canada's Brookfield Asset Management plans to launch an initial public offering (IPO) for its $1.4 billion Australian coal export terminal next week, three sources told Reuters. The IPO will compete for the title of Australia's biggest float in 2020 with Macquarie Group's potential listing of Nuix in a deal that would value the software provider at close to $1.5 billion.

 
Oct 16 - Brazil's Vale enters JV to expand Chinese port - filing 
Brazilian miner Vale SA has teamed up with China's Zhoushan Port Company Ltd to build and operate Project West III in the port of Shulanghu, according a securities filing on Friday, a strategic logistics alliance to serve the world's largest iron ore importer. Vale said it will have 50% of the JV, adding the port project expansion will demand multi-annual investments of about $624 million. Both partners plan to obtain financing for up to 65% of the project, the filing said.

 
Oct 16 - Australia's Port Hedland iron ore exports to China dip in September 
Iron ore shipments to China from Australia's Port Hedland fell 1% in September from a month earlier, data from the Pilbara Ports Authority showed on Friday. Iron ore exports to China from Port Hedland in September fell to 39.74 million tonnes from 40.16 million tonnes in August, but rose from 36.05 million tonnes a year earlier. 

 
Oct 16 - Venezuelan coal exports rise as U.S. escalates oil sanctions 
Venezuela is ramping up its production and export of coal to European nations, according to export figures and vessel tracking data, as it seeks new sources of foreign currency amid tightening U.S. sanctions aimed at topping President Nicolas Maduro. Venezuela's coal exports tripled to 310,000 tonnes last year, generating nearly $40 million, after Washington imposed sanctions in January 2019 on state oil company Petroleos de Venezuela (PDVSA), according to figures from the U.N. trade database Comtrade. 

 
Oct 16 - Argentine authorities step in to end soy workers strike 
Argentine authorities on Wednesday ended a less-than-24-hour wage strike by the Federation of Oilseeds Workers that had temporarily halted local soy processing at plants owned by major shippers Cargill, Bunge , Glencore and Dreyfus. The Labor Ministry ordered the union back to work, with the government set to sit down with company and workers' representatives next week, the federation said in a statement.

Oct 16 - Singapore's LSMGO, marine fuel 0.5%S bunker at parity for first time in 5 months
Demand for ultra-low sulfur distillate failing to pick up over persistent coronavirus concerns.

Oct 16 - Oil falls as coronavirus risks offset US crude draw, stimulus hopes
Seven-day moving average of new coronavirus infections hits fresh nine-week high.

Oct 16 - S Africa to begin LNG bunker operations by 2021 - DNG Energy
License to allow floating storage unit in Algoa.

Oct 16 - ARA diesel, gasoil stocks slip 3.5% on week to 2.786 mil mt amid reduced supply
NW Europe demand for 50ppm gasoil relatively stable amid mild temperatures, relatively high stocks.

Oct 15 - China's Zhoushan port supplies 3.26 mil mt bonded bunker fuels over Jan-Sep, up 18% on year
Association attributed increase in volume to price competitiveness compared to the Asia's key bunkering port of Singapore since late-August.

Oct 15 - Crude tests six-week highs as fundamental outlooks tighten
Refined product futures traced crude higher, but growing risks of resurgent coronavirus pandemic weighed on crack spreads.

Oct 15 - Bunkering resumes at Hong Kong post tropical cyclone Nangka
Market sources said the typhoon has had little impact on the market as demand remains depressed .

Oct 15 - Uruguayan measure allowing imports of bunker fuel moves through Congress
Measure is part of national budget being discussed by Uruguay's parliament this week.

Oct 14 - Argentine oilseed workers start open-ended wage strike at some ports
Argentina's Federation of Oilseeds Workers started an open-ended wage strike at 2 p.m. (1700 GMT) on Tuesday, the labor group said, with no sign yet of government intervention that would force members back to work while new contract talks are held. The labor ministry often orders obligatory negotiations, during which strikes in vital national industries are suspended.

Oct 14 - Container shortage delays shipments of Brazil's record coffee crop
Coffee traders are struggling to ship cargos out of Brazilian ports because of a shortage of available containers or space in vessels to hold them, according to traders and analysts. Brazil's economy is suffering due to the coronavirus pandemic, causing a 40% slide in its currency, the real. 
 

Oct 13 - Global LNG bunker demand to grow 30 times by 2030 - Pavilion Energy executive
Company is one of two licensed LNG bunker suppliers in Singapore.

Oct 13 - Crude prices fall as volumes return from US Gulf, Libya, Norway
Reports indicate Saudi Arabia considering reducing or undoing planned OPEC+ output hikes by end of year.

Oct 13 - India's Sep fuel oil consumption falls 4% on month on weaker demand
Several refiners estimate India bunkering demand has shrunk 15%-20% since onset of coronavirus pandemic in April.

Oct 13 - Japan's IMO-compliant domestic bunker contracts for Q3 settle at Yen 48,100/kl
- JFCSA
Settled quarterly price widely used by shipowners, bunker fuel suppliers in Japan's domestic market.

Oct 10 - Singapore Nov ex-wharf marine fuel term indications higher as demand grows
Singapore's ex-wharf term contracts for November-loading 0.5% sulfur marine fuel were heard offered at a premium of $7-8/mt over the FOB Singapore Marine Fuel 0.5% cargo assessment, higher than the contract settlements of a $4-4.25/mt premium for October-loading contracts, sources said Oct 9.

Oct 10 - OPEC+ boosts oil output compliance, but catch-up cuts remain scant
OPEC and its allies sharpened their output quota compliance to 99% in September, led by the Gulf states, but discipline from Russia and some African producers continued to slip, the latest S&P Global Platts survey found.

Oct 10 - Spanish Aug. bunker fuel volume up 6.1% on month, down 19% on year
The main driver of the rise was Spain's busiest port, Las Palmas, which was up 11.5% month on month to 181,872 mt, which was little changed year on year.

Oct 10 - Nearly 92% of US Gulf oil output offline as Hurricane Delta nears landfall
On Oct. 9, a total of 274 platforms were shut in, two more than the previous day.

Oct 10 - Crude retreats as Norway strike ends, lessening supply risks
Crude futures settled lower Oct. 9, as risks to supply outlooks eased following the end of a 10-day workers strike in Norway.

Oct 09 - Asia-Pacific tankers' freight outlook weak for Q4 on poor demand
Asia-Pacific tankers' freight will likely remain weak during the final quarter of 2020 due to subdued demand and even the usual Northern Hemisphere winter and floating storage is unlikely to provide significant support.

Oct 09 - ARA diesel, gasoil stocks rise 4.3% on week to 2.887 mil mt - Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub increased by 4.3% to 2.887 million mt as of Oct. 7, Insights Global data released Oct. 8 showed.

Oct 09 - Oil climbs as US, Norway production woes threaten supply outlook
Oil prices settled higher Oct 8. as lowered crude production in the Gulf of Mexico and Norway tightened near-term supply outlooks.

Oct 09 - HSFO bunker barge availability tight in Singapore after typhoons delay vessels
The availability of bunkering barges is limited in Singapore amid vessel delays following two recent typhoons in Japan and South Korea, market sources said Oct. 8.

Oct 09 - Asia's maiden hydrogen trade flow routes to feature Australia, northeast Asia
Asia may witness some of the initial hydrogen trade flows from Australia to Japan and South Korea, the two countries in the region that have rolled out long-term plans for the clean fuel, which analysts and market participants said have to be largely met through imports.

Oct 09 - More than 90% of Gulf oil offline as LNG plants, refineries prep for hurricane
More than 90% of crude oil production in the US Gulf of Mexico was offline Oct. 8 in advance of Hurricane Delta as LNG plants and refineries shuttered or hunkered down in advance of the storm's anticipated landfall on Oct. 9 in southwestern Louisiana.

Oct 08 - Top global traders push to cut shipping emissions
Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint. About 90% of world trade is transported by sea, and the UN shipping agency - the International Maritime Organization (IMO) - aims to reduce overall greenhouse gas emissions by 50% from 2008 levels by 2050.

 
Oct 08 - Singapore launches new standards to spruce up bunkering supply chain
The world's largest marine refuelling hub of Singapore has launched two new standards to boost quality assurance and confidence in the bunker supply chain, government agencies said on Wednesday. Singapore Standard 660 (SS 660), the first of its kind, covers the upstream process for marine fuel, or bunker, cargo delivery from the oil terminal to the bunker tanker through a mass flow meter (MFM), the agencies, which included the Maritime and Port Authority, said in a joint statement. 

 
Oct 08 - UN shipping agency says cyber attack disables website
U.N. shipping agency the International Maritime Organization (IMO) said on Thursday its website and intranet had been disabled by a sophisticated cyber attack and its IT specialists had shut down key systems to prevent further damage. This is a crucial time for the IMO, which is responsible for regulating shipping and is currently working on ways to reduce carbon emissions from the sector, with a virtual session of its Maritime Environmental Protection Committee slated to take place later this year.

 
Oct 08 - Lebanon asks Interpol to arrest Russian ship captain, owner over port explosion
Lebanon has asked Interpol to issue arrest warrants for the Russian captain and owner of the ship that brought the explosive material that detonated at Beirut port in August, killing nearly 200 people, state media reported on Thursday. About two months after the explosion that injured thousands and ravaged the Lebanese capital, questions remain about why and how the cargo was abandoned in Beirut.

Oct 08 - Gasoil, gasoline markets key to VLSFO pricing - Integr8
Gasoil demand is expected to return to pre-coronavirus levels quicker than gasoline, but both are key factors for very low sulfur fuel oil prices in the medium term, as combined they make up over half of its ingredients, according to a webinar presented by hosted by Integr8 Oct. 7.

Oct 08 - Oil declines on US crude build, stimulus bill uncertainty
Energy prices retreated Oct. 7 amid uncertainty surrounding the future of US stimulus-bill negotiations and rising US crude inventories.

Oct 08 - Stronger case for scrubber retrofits to emerge after market normalizes
- BIMCO analyst
But even with the narrow bunker fuel price spread in the current market, investment in scrubbers are sound.

Oct 08 - Lack of containers, high rates hurting Indian business as demand picks up - export body
A lack of container availability in India is hurting the export sector and posing a "serious concern" over meeting delivery commitments to foreign buyers, the Federation of Indian Export Organisations (FIEO) said Oct. 7.

Oct 08 - Hafnia's fuel procurement, strategies lead to smooth IMO 2020 transition - executive
"For us, the decision to use LSFO has proven beneficial significantly quicker than we expected," Sorensen said.

Oct 08 - LNG could account for 10% of global bunkering by 2030 - Total
Leprince-Ringuet said Total was already extending its reach into Asia and the Mediterranean.

Oct 07 - Oil Futures rally extends as strengthened Hurricane Delta shuts in more output
The Gulf of Mexico shut ins have added upward momentum to prices already trending higher overnight amid a tightened global supply outlooks.

Oct 07 - US Treasury extends Venezuela order blocking potential Citgo seizure through January
The license, which was set to expire Oct. 20, now runs until Jan. 19, the day before the US presidential inauguration.

Oct 07 - Singapore to issue additional LNG bunker supplier licenses as demand grows
Singapore will have an LNG bunker supply capacity of up to 1 million mt per annum from 2021, Chee said.

Oct 07 - Hong Kong August fuel oil imports flat on month at 3.11 mil barrels
Over January-August, Hong Kong imported an average of 3.48 million barrels of fuel oil per month, with a total at 27.8 million barrels, the data showed.

Oct 07 - Sept. container volume at India's 12 major ports up 1.9% on year
The rise in volume largely came from a pick-up in export demand, while imports remained subdued, market sources said.

Oct 07 - Typhoon Chan-Hom to affect bunkering at Japan from Oct. 8 - sources
"Kyushu area will be affected soon, and weather forecast of Tokyo Bay is not good from Oct. 8," a trader said.

Oct 06 - Argentina Crude exports fall 36.2% on year in August
Crude exports averaged 42,249 b/d in August, down from 66,179 b/d in the year-ago period, the data showed.

Oct 06 - Indian JNPT's Sep container volume falls 5% on year as pandemic continues to hit demand
Over January-September, JNPT's container throughput totaled 3.17 million TEU, down 23% year on year.

Oct 06 - WTI surges 6% amid renewed stimulus hopes, Trump health news
Oil futures settled sharply higher Oct. 5 amid signs of progress between Congressional Democrats and the White House on a coronavirus relief bill.

Oct 06 - USGC middle distillate flows to Europe in Oct at 230,000 mt so far - cFlow
In September, around 640,000 mt of USGC middle distillates made their way to Europe, with 450,000 mt going to Northwest Europe and the rest to the Mediterranean.

Oct 06 - Loop Mars differentials average premium to WTI MEH for first ever full quarter
Stronger demand and tighter supply of sour barrels along the US Gulf Coast boosted values for Gulf of Mexico grades in recent months - flipping the traditional sweet/sour spread.

Oct 06 - Bunker company KPI OceanConnect sees sales grow despite 2020 challenges - CEO
"So far we have enough on our table...But we still have appetite for more [acquisitions] if an opportunity presents," Holl said.

Oct 03 - Singapore's Equatorial Marine boosts storage, digitalizes bunkering services
The company plans to to bring its storage capability to up to approximately 1 million cu m, Choong said.

Oct 03 - Scrubber bet could pay off in post-COVID world - Vortexa
"There is a possibility that this fuel spread could widen if we look at a post-COVID environment," Huang said.

Oct 03 - Singapore HSFO swap trades on Platts MOC rises 37% in September
The rise came on the back of the doubling of 180 CST HSFO physical trades during the MOC process to 200,000 mt.

Oct 03 - Bunker supplier Monjasa keeps up growth momentum through challenging 2020
"2020 has developed positively so far and we have recorded higher volumes in each month of 2020 compared to 2019," Molholt said.

Oct 02 - Platts FOB Singapore fuel oil trading volume in September drops 43% to 440,000 mt

Oct 02 - Singapore LSFO-HSFO spread hits 2-month high as LSFO supply tightens

Oct 02 - Europe 0.5%S marine fuel crack hits March highs, becomes strongest transportation fuel

Oct 02 - European fuel oil paper volumes in September MOC up 125% on month

Oct 01 - Australia sends troops to help contain virus on ore ship near Port Hedland 
Australian defence personnel are being deployed to Port Hedland, one of the world's largest iron ore loading ports, to help contain a coronavirus outbreak on a bulk carrier that last changed crews in the major seafaring city of Manila. Seventeen of the 21 crew of the carrier have tested positive for the virus, ship owner Oldendorff Carriers said in a statement.

 
Oct 01 - Argentine grains ship loadings affected by 24-hour strike by grains inspectors 
The loading of grains ships in Argentina was affected on Monday by a 24-hour strike by cargo inspectors demanding higher wages and shorter working hours, said Martin Brindici, general manager of the country's private ports chamber. The work stoppage, by the URGARA union, began at midnight.

 
Oct 01 - Trafigura proposes carbon levy on marine fuels to help meet decarbonisation targets 
Commodities trader Trafigura on Friday proposed a carbon levy of $250-$300 per tonne of carbon-dioxide (CO2) equivalent on shipping fuels to make zero and low carbon fuels more economically viable and competitive. The International Maritime Organisation (IMO) wants to halve the sector's greenhouse gas output by 2050 against 2008 levels. If left unchecked, it says, global emissions from shipping could balloon by up to 130% by 2050, compared to 2008 levels.

 
Oct 01 - Singapore's first LNG bunkering vessel to be operational by year end 
The first liquefied natural gas (LNG) bunkering vessel in Singapore is expected to become operational by the end of this year, providing ship-to-ship bunkering services in the port for the first time. FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum held a virtual naming ceremony on Thursday for the vessel, FueLNG Bellina.

Oct 01 - DHL advances decarbonization plans for less-than-container load ocean freight shipments
Company plans to replace heavy fuel oil with marine

Oct 01 - Congestion at South Korea's Busan port may cause delays until mid-Oct
- Hapag Lloyd
"To recover yard capacity and productivity some terminals only allow to gate-in laden containers which will be loaded onto vessels departing within the next 10 days," the company said.

Oct 01 - Tanker' MR owners see glimmer of winter strength on freight jump
Another factor that boosted bullish sentiment were the increasing wait times for transit slots at the Panama Canal.

Oct 01 - Singapore's LSMGO bunker inquiries spike on narrower gasoil-LSFO spread
The spread has since contracted to a five-month low of 84 cents/mt on Sept. 28, but on Sept. 29, it widened to $2.94/mt, Platts data showed.

Sep 30 - European jet fuel rally ends blending into marine fuels - trader

Sep 30 - IEA's Birol says 'more optimistic than ever' on shift to clean energy
Birol said he was upbeat over the "plummeting" costs for solar and offshore wind projects.

Sep 30 - First of three-tanker Iranian convoy set to deliver gasoline to Venezuela
The Iranian-owned Forest tanker is carrying 246,800 barrels of clean products that left the Shahid Rajaee oil terminal in August.

Sep 30 - Hapag Lloyd hikes freight rates for sailings from India, Middle East and Pakistan to Mediterranean
The revised rates are effective from Oct. 15, the company added.

Sep 26 - Trafigura proposes carbon levy for shipping to hasten decarbonization
Trafigura, the independent oil trader and one of the world's largest ship charterers, has proposed that the International Maritime Organization introduce a carbon levy of $250-$300/mt of CO2 equivalent on shipping fuels, to make zero- and low-carbon fuels more economically viable and more competitive.

Sep 26 - Crude oil futures stable amid US stimulus hopes, COVID-19 concerns
0648 GMT: Crude oil futures were stable in mid-afternoon on Sept. 25, as the bullish news that US Congress was working on a $2.4 trillion deal that could be agreed in the week starting Sept. 27 was offset by COVID-19 concerns.

Sep 26 - Chinese oil companies plan to export 1.43 mil mt gasoline, 1.76 mil mt gasoil in Oct
Chinese oil companies plan to keep their October gasoline exports at 1.428 million mt, almost flat from September, while reducing gasoil exports by 5.9% month on month to 1.76 million mt, industry sources with knowledge of the matter said on Sept. 24.

Sep 26 - European naphtha to enter Oct strong on run cuts, petchem producer support
The European naphtha market firmed entering October pricing amid supportive demand from the petrochemicals industry and better market share as a feedstock against LPG.

Sep 26 - S Korean Busan Port's Aug container volume falls 6% on weak demand
Container throughput at South Korea's largest container port -- Busan Port -- fell 6% year on year to 1.72 million twenty-foot-equivalent unit, or TEU, in August as global demand remains under pressure due to the COVID-19 pandemic, data published by the country's Ministry of Ocean and Fisheries showed.

Sep 26 - NYMEX RBOB, ULSD climb as market eyes US stimulus bill
Refined product futures settled higher Sept. 25 as demand outlooks improved amid US stimulus optimism, but resurgent coronavirus cases in Europe weighed on crude prices.

Sep 26 - Eight newbuild VLCCs taken on subjects with clean product floating storage options
At least eight newbuild VLCCs have been placed on subjects on short-term time charter of up to six months with options to store oil products by global trading companies and oil majors, several shipping industry executives in Singapore, Japan and South Korea said Sept. 25.

Sep 26 - UK to boost renewable fuel incentives with higher buy-out price
The UK will increase the renewable transport fuels obligation (RTFO) buy-out price to GBP0.50/liter (64 cents/liter) from GBP0.30/liter, effective Jan. 1, to incentivize the supply of renewable fuels and prevent the loss of greenhouse gas savings.

Sep 25 - Singapore considers electric harbour boats to cut carbon emissions 
Singapore is seeking proposals on the electrification of small vessels known as harbourcraft as the industry transitions towards a low-carbon future, the Maritime and Port Authority of Singapore (MPA) said in a joint statement on Wednesday. The MPA is working with the Singapore Maritime Institute (SMI) to seek proposals from industry participants and institutes of higher learning or research institutes to develop commmercially ready fully electric harbourcraft.

Sep 25 - Indonesia targets launch of new deep sea port in November 
Indonesia aims to complete the first phase of construction of a $3 billion deep sea port on the northern coast of Java island by November, a senior minister said on Tuesday, after President Joko Widodo ordered an acceleration of the project. The 43.2 trillion rupiah ($2.92 billion) Patimban port in the town of Subang in West Java is among the government's priority projects in order to relieve pressure on Jakarta's congested Tanjung Priok port.

Sep 25 - Rio Tinto to develop bonded area operations for blending iron ore at Dalian port 
Anglo-Australian miner Rio Tinto has signed a pact to jointly develop its first bonded area operations to blend iron ore in China's port of Dalian, the company said on Tuesday, as it moves to widen offerings for customers across Asia. China, the world's top iron ore consumer, brought in more than one billion tonnes of the steelmaking ingredient in 2019.

 
Sep 25 - Shipping player Scorpio Bulkers tries wind in hunt for returns 
Scorpio Bulkers, a major ocean transporter for the dry commodities industry, is tapping into increasing demand for renewable energy with an investment in the logistics of offshore wind farms, the group's chief executive said. The Monaco-headquartered company will invest between $265 to $290 million in a vessel that can install offshore wind turbines, Emanuele Lauro, chairman and CEO, told Reuters, part of a strategy to begin to diversify the group away from the transport of dry cargo such as coal and iron ore.

Sep 25 - FOB NWE butane coasters strongest in 4 months on market tightness
FOB NWE butane seagoing coasters have strengthened to a four-month high as a percentage to naphtha on market tightness driven by short supply in Northwest Europe.

Sep 25 - West African imports of ULSD at multi-year high in September - Kpler
West African imports of ultra low sulfur diesel -- with maximum 15 ppm sulfur -- in September were expected to reach 484,000 mt, which would be the highest monthly volume in data going back to January 2017 and in which the average was 117,000 mt, according to commodity data company Kpler on Sept. 24.

Sep 25 - Asian butadiene hits 7-month high, boosts butadiene-naphtha spread to 5 1/2-month high
The key CFR China butadiene marker was driven to a seven-month high at the Asian close on Sept. 23 by limited supply and healthy downstream demand, which swelled its spread to feedstock naphtha to a 5 1/2 month high, Platts data showed.

Sep 25 - Crude oil lower as concerns over coronavirus, US growth weigh
0636 GMT: Crude oil futures were lower in mid-afternoon trade Sept. 24, as coronavirus concerns and a negative economic forecast weighed on oil, but a US stock draw helped pare losses.

Sep 25 - High trans-Pacific container rates trigger spikes on other ex-Asia routes

Strong demand and attractive rates for trans-Pacific routes have worsened the container shortage in Asia, leading to a domino effect on prices on other routes within Asia.

Sep 25 - Sour crude convergence emerges for first time in September
A convergence cargo was declared on the Platts Market on Close assessment prices on Sept. 24, the first one seen this month.

Sep 25 - ARA diesel, gasoil stocks fall 5.5% on week to 2.787 mil mt - Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub dropped from a 13-month high, slipping 5.5% week on week to 2.787 million mt as of Sept. 23, Insights Global data released Sept. 24 showed.

Sep 25 - Gasoline cracks rise as crude, RBOB futures diverge

Gasoline cracks rise in midday US trading Sept. 24 as RBOB futures climbed against an oil complex that otherwise lacked direction.

Sep 24 - Top shipping insurance group will not cover ships linked to Nord Stream 2
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. Associations belonging to the International Group of P&I Clubs, including the Shipowners' Club and the London P&I Club, said in a circular on Monday that it would not provide cover "for any activity involving or related to the Nord Stream 2 or TurkStream construction projects".

Sep 24 - Libya's reopening creates headaches for oil contract holders in long market
As ports reopen in Libya, after an eight-month blockade, the prospect of 1.2 million b/d of crude returning to the market is creating headaches for those with equity and term contracts in the country, whose limited requirements have been covered with oil from Algeria, Azerbaijan, Nigeria and the US.

Sep 24 - US refined product stocks fall as hurricanes, maintenance slow refinery runs
US refined product stocks moved lower in the week ended Sept. 18 as weak refinery runs and an uptick in exports outweighed tepid demand, US Energy Information Administration data showed Sept. 23.

Sep 24 - Japan's ENEOS raises weekly wholesale oil product prices by Yen 1,000/kl - sources
Japan's largest refiner ENEOS has raised the weekly domestic wholesale base price of its five major rack petroleum products by Yen 1,000/kiloliter ($1.51/b), market sources told S&P Global Platts Sept. 23.

Sep 24 - RenewableUK calls for hydrogen strategy backing 5 GW electrolysis by 2030
The UK government should set a target of 5 GW of renewable electrolyzer capacity by 2030 and 10 GW by 2035, along with a cost reduction target of GBP2 ($2.55) a kilogram of green hydrogen by 2030 down from GBP8/kg now, renewable energy association RenewableUK said Sept. 23 in a new report.

Sep 24 - Singapore's MPA, SMI launch call for decarbonization of harbourcraft industry
The Maritime and Port Authority of Singapore and the Singapore Maritime Institute have launched a joint call for proposals on the electrification of harbourcraft as the world's largest bunkering port transitions to a low carbon future.

Sep 24 - Singapore Oct regrade swap narrows to 15-week high as jet fuel gains momentum

The Singapore front month regrade swap -- the spread which measures the value of jet fuel over that of 10 ppm sulfur gasoil -- narrowed to a 15-week high at the Asian close on Sept. 22, underpinned by strength in the jet fuel complex on expectations of firmer seasonal peak demand during the winter period in the northern hemisphere.

Sep 24 - California to require all new cars, passenger trucks be zero emission by 2035
California, the top US gasoline-consuming state, aims to end new sales of gasoline-powered cars and passenger trucks by 2035, according to an executive order announced Sept. 23 by Governor Gavin Newsom.

Sep 24 - RBOB climbs as export surge drives down US gasoline stocks
NYMEX RBOB futures moved higher midmorning Sept. 23 following a larger-than-expected draw in US gasoline inventories.

Sep 24 - China's carbon neutral pledge signals turning point for fossil fuel markets
China's unexpected stance on climate change at the United Nations General Assembly on Sept. 22 could signal a turning point for the coal and petroleum industries, and puts the country's next five-year economic plan starting 2021 firmly in focus for major policy announcements impacting energy markets.

Sep 23 - High credit values outweigh cost of production for US renewable distillates
Rising prices for government credits have pushed the value of available incentives above the cost of production for renewable distillates, according to data analyzed by S&P Global Platts.

Sep 23 - Intercargo, Intertanko raise concerns over EU ETS for shipping

The International Association of Dry Cargo Shipowners, or Intercargo, has become the latest forum to lash out at shipping's inclusion in the European Union Emissions Trading System, or EU ETS, as it said the move ignores the industry's call for collaboration over reducing greenhouse gas (GHG) emissions.

Sep 23 - Crude oil edges lower on fresh lockdowns, Libyan production
0618 GMT: Crude oil futures were lower in mid-afternoon trade on Sept. 22, as fresh lockdown fears, particularly in Europe, coupled with the return of Libyan oil to the market, put pressure on the sentiment.

Sep 23 - Glut pushes NWE diesel onto floating storage despite unfavorable economics - sources
Increasing oversupply in the European ultra low sulfur diesel market and the lack of inland storage in Northwest Europe are prompting more cargoes onto floating storage despite questionable economics.

Sep 23 - October gasoil EFS widens to 3-month high on European demand weakness
The front-month gasoil Exchange Futures for Swaps widened to a near 3-month high on Sept. 21, led by a weakening European diesel market as sources pointed to a lack of demand and ballooning stocks in the Amsterdam-Rotterdam-Antwerp trading hub.

Sep 23 - European 0.1% gasoil paper markets at multi-month highs

Swaps for 0.1% gasoil barges in the Amsterdam-Rotterdam-Antwerp trading hub and cargoes in the Mediterranean have risen to two-month highs on the back of low supply in the Mediterranean and an anticipation of small improvements in heating oil demand in France, sources said.

Sep 22 - Asia middle distillates - Key market indicators this week
The Asian middle distillates market is expected to see further downside amid persistent weakness in jet fuel due to tepid air travel demand, while sluggish demand against a backdrop of stubborn oversupply weighs on the gasoil complex.

Sep 22 - EMEA Middle Distillates: Key market indicators this week
European diesel markets looked weaker as traders saw demand falling back as coronavirus cases in Europe rose, while gasoil and jet fuel markets strengthened.

Sep 22 - NWE clean barge freight volumes drop on low Rhine levels, weak demand
Low water levels along the Rhine river system have been forcing barges to part load, further dampening already low demand for clean barges in the Northwest Europe region, market sources said Sept. 21.

Sep 22 - Europe and Africa residual fuel -- key market indicators this week
Demand in the European fuel oil market remained largely unchanged last week as the market shifts attention to supply dynamics instead.

Sep 22 - Brent drops 1.7% after Libya looks to resume exports
Crude oil futures dropped at noon during European trade on Sept. 21 as Libya eyes crude oil export prospects after an eight-month blockade, complicating attempts by OPEC+ to curb supply.

Sep 22 - LSGO futures net speculative length hits 6-month low; short positions highest since 2016
Speculative net long positions in ICE low sulfur gasoil futures fell 16,439 contracts to 4,675 in the week to Sept. 15, a six-month low, according to Intercontinental Exchange data.

Sep 22 - Asian naphtha crack widens to year-to-date high on supply tightness
Tight supply in the East of Suez naphtha market has propelled the Asian naphtha physical crack spread to a year-to-date high, amid steady demand from Asian steam crackers due to positive earnings for olefins production.

Sep 22 - Asia residue fuel market - Key market indicators this week
The expectation that cargo inflow in October would decline is supporting Singapore Marine Fuel 0.5%S, while the market is also getting support from the downstream delivered bunker market, which sees tightness in barge supply.

Sep 22 - Australian government pumps A$70 million into hydrogen export hub
The Australian federal government said Sept.17 that it will allocate A$70.2 million ($51 million) towards establishing a hydrogen export hub as part of an overall A$1.9 billion ($1.4 billion) investment in future fuels technologies.

Sep 22 - Americas Bunkers - Key market indicators this week
Bunker pricing in the Americas starts the week focused on the energy complex, which helped values strengthen in previous days, with some exceptions.

Sep 19 - Japan cargo ship and oil tanker volume falls 28% on year in July
Japan's total volume of ship and oil domestic cargo ship transports plunged 28% on the year to 15.56 million mt, or 97.9 million barrels, in July, according to the latest data from the Japan Federation of Coastal Shipping Associations.

Sep 19 - Bunker market looks to fragile demand, price recovery
The glut in low sulfur fuels has been a double-edged sword for the shipping industry. It muted the impact of availability and compatibility concerns at the cost of lower prices, which have mirrored the wider crude market since May.

Sep 19 - Trans-Pacific container rates take market by surprise; industry players scramble
Trans-Pacific container freight rates scaled new heights over the past month, with multiple general rate increases (GRIs) taking spot rates to week after week of record highs.

Sep 19 - Singapore 0.5% sulfur marine fuel premium to Fujairah hits 3-month low as demand grows
The premium of Singapore-delivered to Fujairah-delivered, 0.5% sulfur marine fuel narrowed to $2/mt on Sept. 18, the lowest in three months, S&P Global Platts data showed, on tight barge availability and an uptick in demand in the Middle East.

Sep 19 - WTI rally extends amid more Gulf of Mexico shut-ins

NYMEX WTI futures were trading higher midday Sept. 18 as offshore operators in the western Gulf of Mexico began evacuating platforms ahead of the formation of a tropical depression in the region.

Sep 19 - ARA fuel oil stocks down 5% on week to 1.171 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub, as measured by Insights Global, declined 5% to 1.171 million mt in the week to Sept. 16.

Sep 18 - More than 30% of US Gulf offshore oil still offline after Hurricane Sally
More than 30% of US Gulf of Mexico offshore oil and 25% of natural gas output remained offline Sept. 17 after Hurricane Sally made landfall the day prior, according to the US Bureau of Safety and Environmental Enforcement.

Sep 18 - Iraq aims to boost refining capacity by a third by Q1 2022 - deputy minister
Iraq is forging ahead with plans to boost its refining capacity by about a third by the first quarter of 2022 to reduce its dependence on imported gasoline and gas oil, deputy oil minister Hamed al-Zobai has said.

Sep 18 - Singapore 10ppm gasoil-Fujairah Marine Fuel 0.5%S spread at 5-month low on firm demand, low stocks
The physical spread between FOB Singapore 10 ppm gasoil assessments and the FOB Fujairah Marine Fuel 0.5%S assessments has narrowed to its lowest in five months at $25.87/mt on Sept. 16, Platts data showed, on tight supply and a recovery in bunker fuel demand in the Middle East.

Sep 18 - Singapore gasoil crack swap slumps to 4-month low on clouded outlook
The front-month Singapore 10 ppm sulfur gasoil swap spread against the Dubai crude swap fell to a four-month low at the Asian close on Sept. 16, as the demand readings for regional gasoil consumption patterns remained poor.

Sep 18 - NWE gasoil, ULSD cracks at multi-year lows point to refinery run cuts
Northwest European cracking margins for 0.1% gasoil and ultra low sulfur diesel have hit long-term lows, which has led to expectations that refineries across Europe will start cutting runs, sources said.

Sep 18 - South Korean S-Oil sells LSFO after RFCC shuts - sources
South Korean refiner S-Oil has sold 50,000-80,000 mt of low sulfur fuel oil cargo to a major oil company for mid-September loading, after the refiner shut its 76,200 b/d residue fluid catalytic cracker earlier September, market sources said Sept. 17.

Sep 18 - Tight supply lifts Japan marine fuel 0.5%S differential to 5-month high
Tight supply for marine fuel 0.5%S deliverable at Tokyo Bay has pushed its differential against benchmark FOB Singapore 10 ppm sulfur gasoil cargo assessments to a five-month high of $13.88/mt on Sept. 16, S&P Global Platts data showed.

Sep 18 - Methanol may be gaining traction as alternative shipping fuel; in competition with LNG
Producers hope methanol will carve out a sizable niche in the marine fuels market, assuming the International Maritime Organization in November formally approves its use.

Sep 18 - Americas Dirty Tanker Q4 freight growth limited by crude demand concerns
Muted dirty tanker demand heading into the fourth quarter of 2020 is expected to limit typical seasonal freight growth seen in Q4 of past years as oversupply from both the crude and tonnage perspectives, as well as an uncertain demand environment amid the coronavirus outbreak, continue to hold rates at yearly lows.

Sep 18 - Monjasa announces new bunker traders
Bunker supplier and trader Monjasa Sept. 17 announced 10 new trainee traders across different offices.

Sep 18 - APPEC: Bunker industry's smooth transition to IMO 2020 paves way for decarbonization
The global bunker industry's smooth transition into the low-sulfur era mandated by the International Maritime Organization has sent a strong signal to the sector it can achieve its next goal of decarbonization equally free of hurdles, industry sources said.

Sep 18 - S Korea high sulfur bunker fuel premiums plunge to 2-year low on muted demand

The South Korea delivered 380 CST high sulfur bunker fuel premium to Mean of Platts Singapore high sulfur fuel oil cargo assessments plunged 66% or $40.09/mt week on week to a two-year low of $21.05/mt on Sept. 17, S&P Global Platts data showed, amid a slowdown in demand and rise in supply.

Sep 18 - LNG tanker queues develop on USGC as exporters ramp up production

LNG tanker queues have begun to form on the US Gulf Coast this week, as three of the US'major export facilities began ramping up production on improved export economics.

Sep 18 - Decarbonization a top priority for shipping in Singapore
- transport minister
Singapore remains committed to decarbonizing the transport sector including the maritime industry, with the development of sustainable port infrastructure at Tuas Port heralding another step in this direction, Minister for Transport Singapore, Ong Ye Kung, said on Sept. 17.

Sep 18 - EU parliament votes to make ships pay for their pollution
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution. Shipping is the only sector which does not face EU targets to cut emissions, but it is coming under increased scrutiny as the bloc attempts to steer industries towards its plan to become "climate neutral" by 2050.

 
Sep 18 - LNG-fuelled tankers to more than double by 2030 - Petronas exec
The number of ships fuelled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday. Currently, less than 400 out of a total of more than 80,000 registered ships, run on LNG as fuel source. This number could increase to 1,000 vessels globally by 2030, said Mohd Rafe Mohamed Ramli, head of global LNG bunkering at Petronas Marine. 

 
Sep 18 - Changing tack: windpower breezes back into shipping with Swedish venture
A Swedish consortium aims to launch commercially by 2025 a wind-driven car carrier that will emit 90% less carbon dioxide than a conventional roll-on/roll-off (RoRo) cargo ship, it said on Thursday. The 200-metre long carrier will have a capacity for 7,000 cars and have a maximum height of 105 metres when its five 80-metre upright "wing sails" are fully extended - bringing to mind a futuristic version of the wings of a 19th century clipper.

 
Sep 18 - India's June qtr thermal coal imports down 42% - govt data
India's imports of thermal coal fell by 41.5% to 32.9 million tonnes during the quarter ended June 30, government data showed, as coronavirus lockdowns battered power demand. India's electricity demand is expected to fall for the first time in four decades in the ongoing fiscal year, which ends in March 2021. 

 
Sep 18 - Colombia coal output nearly halved in Q2 to 9.7 mln tonnes, govt says
Coal production in Colombia, the world's fifth-largest coal exporter, fell by 48.8% in the second quarter because of coronavirus quarantine measures and low international prices, the government said on Friday. The South American country produced 9.7 million tonnes of the fuel between April and June, down from 18.8 million tonnes in the year-ago period, the mines and energy ministry and national mining agency said in a joint statement.

 
Sep 18 - EU + UK 2020/21 soft wheat exports 3.57 mln T by Sept. 13, down 42%
Soft wheat exports from the European Union and Britain in the 2020/21 season that started on July 1 totalled 3.57 million tonnes by Sept. 13, official EU data showed on Monday. That was 42% below the volume exported in the previous 2019/20 season, the data showed.

Sep 17 - Hyundai exports first hydrogen fuel cell system to Switzerland for non-car use
South Korea's Hyundai Motor Co. has begun exporting its hydrogen fuel cell system to Switzerland's GRZ Technologies for non-automotive use, the Ministry of Trade, Industry and Energy said Sept. 16.

Sep 17 - Hapag Lloyd hikes container rates on Middle East, Pakistan to North Europe routes
German carrier Hapag Lloyd will increase container rates from the Middle East and Pakistan to northern Europe from Oct. 1, the company said Sept. 15.

Sep 17 - Bunker sales in Panama rise in Aug with strong increase in high sulfur segment
Bunker sales in Panama climbed for the second consecutive month in August, after a steep fall in June, with high sulfur IFO 380 fuel showing the strongest increase.

Sep 17 - Curacao's RdK seizes 1.7 million barrels of PDVSA petroleum from Isla storage
The Curacao company Refineria di Korsou, which owns the shuttered Isla Refinery on the Dutch Caribbean island, has seized 1.7 million barrels of crude oil and refined products stored by Venezuela's PDVSA there to secure payments of local outstanding debts, sources said Sept. 16.

Sep 17 - More than 25% of US Gulf oil, gas production offline as Hurricane Sally makes landfall
About 27% of US Gulf of Mexico offshore oil and 30% of natural gas output remained offline Sept. 16 after Hurricane Sally made landfall earlier in the day, according to the US Bureau of Safety and Environmental Enforcement.

Sep 17 - NYMEX WTI surges 5% following US crude draw
Crude prices settled sharply higher Sept. 16 after US Energy Information Administration data showed US crude inventory draws resumed during the week ended Sept. 11.

Sep 17 - European Parliament votes to include shipping in EU Emissions Trading System
European shipowners pushed back Sept. 16 on a decision in the European Parliament to draft a proposal to include shipping under the EU's Emissions Trading System from 2022.

Sep 17 - EIA data shows US crude stocks fall amid refinery rebound, import decline
US crude inventories declined in the week ended Sept. 14 as refinery demand rebounded following Hurricane Laura and imports flagged, US Energy Information Administration data showed Sept. 16.

Sep 17 - US crude exports slip on week as flows to Asia rebound; flows to Europe lowest since June
US crude exports fell by 349,000 b/d to 2.595 million b/d for the week ended on Sept 11, as flows towards Asia jumped, while exports to Europe slid to a three-month-low, data from the US Energy Information Administration and data intelligence firm Kpler showed Sept.16.

Sep 17 - US storms buoy Asian transport fuels amid shaky fundamentals
The arrival of hurricane season in the US has injected some much needed fresh support for Asia's transportation fuels markets, as crack spreads and cash differentials receive a boost in light of persistently lagging fundamentals.

Sep 17 - Clean Tanker owners prioritize USGC positioning ahead of Q4
Shipowners with Medium Range tankers in the Americas are focusing on keeping positions close to the US Gulf Coast basin for the beginning of the fourth quarter in hopes that seasonal strength typically experienced in October will reoccur, though effects of the coronavirus pandemic and petroleum product demand destruction make for uncertain times ahead.

Sep 17 - Container shortage in Asia may keep trans-Pacific rates elevated in October
Container prices on the trans-Pacific route -- which have risen to record highs recently -- typically fall back in October when demand traditionally slows, but this year might be an exception as the shortage of containers in Asia is far from over and likely to persist in coming months, sources said.

Sep 17 - US watches Iranian fuel cargoes to Venezuela, keeps up pressure on other shippers
US sanctions have deterred all but Iranian tankers from delivering gasoline to fuel-starved Venezuela, and the Trump administration will keep up pressure on the global shipping industry to avoid the trade, a top State Department official said Sept. 16.

Sep 17 - North Sea independents have vital energy transition role - Serica CEO
The handover of North Sea oil and gas assets to small independent companies will contribute positively to the energy transition as the new owners focus on maximizing efficiency and reducing emissions, while being held to a higher standard than their predecessors, CEO Mitch Flegg told S&P Global Platts.

Sep 17 - EC wants EU to cut CO2 emissions 'at least 55%' by 2030, use more hydrogen
The European Commission wants the EU to cut its CO2 emissions by at least 55% on 1990 levels by 2030, up from the current 40%, in a move set to accelerate the switch away from fossil fuels, it said on Sept. 16.

Sep 17 - Singapore 10 ppm gasoil/marine fuel 0.5%S spread at 4-month low amid strong LSFO
The spread between Singapore 10 ppm sulfur gasoil and marine fuel 0.5%S narrowed to a four-month low Sept. 15 amid declining stocks of fuel oil coupled with weaker gasoil market.

Sep 17 - Fujaira stockpiles extend decline to almost five-month low
Stockpiles of oil products at Fujairah in the UAE dropped for a third consecutive week to the lowest in almost five months, led by declines in marine bunkers and power fuels.

Sep 17 - IMO 2020 marine fuel has heavier CO2 footprint than scrubbers - CE Delft
The improvement in fuel quality that accompanies sulfur reduction in refineries means IMO 2020-compliant fuels generate more CO2 in their well-to-wake life cycle than burning high sulfur fuel oil alongside a scrubber, consultancy CE Delft said in a report.

Sep 16 - APPEC: Benchmark crude price spread dislocation stirs new, unusual trade flows
The sharp volatility in outright crude prices and wild swings in benchmark price spreads have laid the foundation for new oil trade routes across the globe, with suppliers selling cargoes into unusual and new outlets, trading experts said Sept. 15 at the S&P Global Platts Asia Pacific Petroleum Virtual Conference.

Sep 16 - North Sea crude traders look to floating storage amid muted local, long-haul demand
The North Sea crude market is following the trend of West African barrels and looking to floating storage amid limited demand from both local refineries and long-haul demand in the East.

Sep 16 - Oil-product barges loading at 50% capacity on low Rhine, freight low but rising
Oil-product barges on the Rhine are having to load at 50% of capacity due to low water levels which was increasing barge freight rates but they remained low due to the lack inland demand for gasoil and diesel, sources said.

Sep 16 - Global refinery throughput extends fall in August - IEA
The global refining throughput continued to decline in August after easing in July, following a "robust" 2 million barrels/day gain in June, and is expected to slowdown in September and October as well due to the impact of hurricane shutdowns in the US Gulf and seasonal maintenance elsewhere, the International Energy Agency said Sept. 15.

Sep 16 - More than 25% of US Gulf oil, gas production offline ahead of Hurricane Sally
US Gulf of Mexico producers have shut in roughly 27% of offshore oil and natural gas output ahead of the landfall of Hurricane Sally, which was slowly heading towards the Alabama coast Sept. 15, according to the US Bureau of Safety and Environmental Enforcement.

Sep 16 - ARA gasoil barges at three-month high versus cargoes
Gasoil barges in the Amsterdam-Rotterdam-Antwerp hub have risen to a three-month high versus cargoes amid a mix of factors on both the supply and demand sides of the market.

Sep 16 - IEA downgrades 2020 oil demand as outlook darkens
Renewed weakness in oil demand led by China and India and concerns over the persistent challenges of the coronavirus pandemic have dimmed the outlook for the oil market, the International Energy Agency said Sept. 15.

Sep 16 - UAE's Abu Dhabi to produce one-third of power from clean energy in four years
Abu Dhabi, the oil-rich emirate in the seven-member UAE federation, plans to generate a third of its power from clean energy, including nuclear reactors, in four years, a government official told S&P Global Platts, as the country diversifies its energy mix and frees up oil and gas for export.

Sep 16 - APPEC: Asian refiners need flexible fuel output, trading strategies amid prolonged demand uncertainty
As Asian refiners continue to fret over volatile refining margins and fragile oil demand recovery during the coronavirus pandemic, they must adopt a flexible approach to shift their oil product slate and output volumes to best serve the changing market conditions, industry participants said Sept. 14 at the S&P Global Platts Asia Pacific Petroleum Virtual Conference.

Sep 16 - Crude climbs 3% as Sally approaches US Gulf
Crude prices surged nearly 3% Sept. 15 as Gulf of Mexico operators shut in more than a quarter of offshore production ahead of Hurricane Sally.

Sep 16 - Japan July bonded bunker fuel oil sales rise 8.8% on month
Japan sold 2.72 million barrels of bonded bunker fuel oil in July, up 8.8% from June and up 3.8% from a year ago, Ministry of Economy, Trade and Industry data released Sept. 14 showed.

Sep 16 - Asian marine fuel market sees gradual shift from gasoil pricing basis to MF 0.5%
The Asian marine fuel market is seeing a gradual but steady shift toward using the marine fuel 0.5% price as a basis for trades rather than the traditional Mean of Platts Singapore gasoil 10 ppm pricing basis, several Asian refiners and traders said Sept. 15.

Sep 16 - Intra-Asia container trade weathers COVID-19 storm, trend to persist in H2
In the first half of 2020, when COVID-19 severely disrupted global trade activity, container volumes on the Intra-Asia route were undeterred due to the sustained economic growth in the region and its minimal dependence on exports. The same is to be expected for the second half of this year, with volumes steady, if not higher.

Sep 16 - Hapag Llyod announces new rates for India-Europe route, up $150 per unit
Container carrier Hapag Llyod announced on Sept. 14 new rates, which are $150 per unit higher for both 20-foot and 40-foot containers, for the Indian subcontinent to North Europe trade route, effective Oct. 1.

Sep 16 - Hong Kong marine fuel 0.5%S differentials rise in Sep on higher costs, less supply
Despite weak demand in Hong Kong since the 14-day quarantine rule for cargo ships, marine fuel 0.5%S delivered bunker differentials to Singapore 10 ppm sulfur gasoil rose from August to September due to higher import costs and supply cuts, market sources told S&P Global Platts.

Sep 16 - Singapore front month Marine Fuel 0.5%S contango narrows as stocks drop
The front month October-November Singapore Marine Fuel 0.5%S derivative spread stood at a six-week high of minus $1/mt at the Asian close on Sept. 14, Platts data showed, on the back of plunging residue stocks.

Sep 16 - Global fuel oil demand to fall 6.3% in 2020 - IEA
Bearish tanker markets are likely to roll over to the fourth quarter amid limited signs of recovery in oil prices and structural oversupply weighing on spot markets.

Sep 16 - Dirty Tanker Shipping Quarterly: Owners Pin Hopes on Storage Uptick
Bearish tanker markets are likely to roll over to the fourth quarter amid limited signs of recovery in oil prices and structural oversupply weighing on spot markets.

Sep 16 - Ecuador July crude output at 521,000 b/d, down 3.7% on year
Ecuador produced on average 521,000 b/d of crude during July, a 3.7% decrease from the 541,000 b/d it pumped in July last year, but a 1.2% increase from 515,000 b/d produced in June, according to data available Sept. 15 on the central bank's website.

Sep 16 - Brazil's Petrobras slashes E&P spending in 2021-2025 to $40B-$50B
Petrobras will slash exploration and production investments by as much as 37.5% over the next five years amid expectations for reduced global demand and lower oil prices, the Brazilian state-led company said in a revised spending outlook.

Sep 15 - August container volumes at Singapore port up 1.3% on year
Container volumes at Singapore port in August rose 1.3% year on year to 3.17 million twenty-foot-equivalent units (TEU), data from the Maritime and Port Authority of Singapore showed, in what was the first year-on-year growth in six months.

Sep 15 - APPEC: COVID-19 puts brakes on oil demand, jet fuel recovery to lag - Vitol execs
The global coronavirus pandemic has caused a massive dent in global oil demand, with the transportation sector, particularly the aviation industry's jet fuel demand most severely affected and its recovery expected to lag that of other oil products, Vitol's CEO, Russel Hardy, said Sept. 14.

Sep 15 - USGC middle distillates flows to Europe in Sept at 640,000 mt so far - cFlow
US Gulf Coast middle distillate shipments scheduled to arrive into Europe in September are scheduled to amount to at least 640,000 mt, of which around 500,000 mt is heading for Northwest Europe and 140,000 mt to the Mediterranean, data from cFlow, S&P Global Platts' trade-flow software, showed Sept. 14.

Sep 15 - European VLSFO inclines to the bullish side on production limitations
Bullishness is creeping into the 0.5%S fuel oil market amid supply-side constraints, after a coronavirus-induced period of weakness.

Sep 15 - Product prices climb as USGC refiners brace for Sally
NYMEX refined product futures settled higher Sept. 14 as US Gulf Coast refiners shuttered capacity ahead of Hurricane Sally.

Sep 15 - EPP Group advocates new law for cutting EU shipping emissions by 40%
The European People's Party Group supports plans to cut shipping emissions through the EU Emissions Trading System but would like a separate law to that effect, it said Sept. 14.

Sep 15 - Nearly 25% of US Gulf oil and gas volumes offline as Hurricane Sally nears
Shell, Chevron, Murphy Oil and other producers have begun shutting in some US Gulf offshore crude and natural gas output, while at least one refinery temporarily closed its plant, ahead of Hurricane Sally, which is expected to make landfall on the Mississippi / Alabama border late Sept. 15 or early Sept. 16.

Sep 15 - South Africa's PetroSA seeks 50 ppm sulfur gasoil for prompt delivery
South Africa's PetroSA seeks 50 ppm sulfur gasoil for prompt delivery.

Sep 15 - Australia announces plans to increase domestic fuel security
The Australian government September 14 announced fuel security plans which include incentives for keeping the country's four oil refineries open and increasing diesel storage capacity.

Sep 15 - Equinor boosts market presence in Asia as oil sales double
Norway's state-controlled Equinor is boosting its presence in the Asian oil market, having doubled its crude sales to the region, as the European major takes the opportunity to grab as much market share as possible amid the ongoing output cuts by OPEC+.

Sep 15 - LSGO futures net speculative length slips to four-month low amid largest increase in short positions on record
Speculative net long positions in ICE low sulfur gasoil futures fell 42,389 contracts to 21,114 in the week to Sept. 8, a four-month low, according to Intercontinental Exchange data.

Sep 15 - Saudi Arabia warning over tanker disaster off Yemen's coast
Saudi Arabia has requested the UN and other international bodies take immediate action over the oil tanker FSO Safer, which is in danger of exploding or sinking off Yemen's coast, state-backed Saudi Press Agency reported Sept 14.

Sep 12 - After surviving through 60 years, OPEC confronts a precarious coronavirus oil future
In a more "normal" 2020, OPEC would be gathering in Baghdad to celebrate the organization's 60th birthday Sept. 14.

Sep 12 - Brent, WTI diverge as market consolidates following steep declines
Oil futures settled mixed Sept. 11 after a volatile session as the market consolidated following a steep selloff.

Sep 12 - Bunker company Fratelli Cosulich seeks growth opportunities despite COVID-19 challenges
Group is also looking at alternative fuels such as LNG and plans are underway on that side, Cosulich said.

Sep 12 - DFDS advances methanol use plans for shipping fleet as part of climate goals
DFDS will inject the methanol into combustion chambers, replacing up to 10%-15% of HFO needed to fuel the same voyage currently.

Sep 12 - Singapore's residue stocks fall 7% on week to 8-month low as imports drop
Singapore's commercial onshore residue stocks fell 6.6% week on week to an eight-month low of 20.735 million barrels, or 3.27 million mt, over Sept. 3-9, Enterprise Singapore data released Sept. 10 showed, amid a drop in imports.

Sep 12 - S Korea's S-Oil shuts RHDS unit for turnaround
Despite the turnaround, S-Oil's low sulfur bunker fuel supply volume will be steady in September from August at 80,000 mt/month. The company does not sell high sulfur bunker fuel.

Sep 12 - ARA fuel oil stocks up 16.7% on week to 1.233 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub, as measured by Insights Global, rose 16.7% to 1.233 million mt in the week to Sept. 9.

Sep 12 - Low freight, improving storage economics spur more short-term time charters
More charterers are looking for VLCCs again for short-term time charter, as freight is dipping to a record low while crude oil contango widens.

Sep 12 - Blockchain, synthetic DNA technologies vital in solving bunker fuel issues - Bloc CEO
Blockchain and synthetic DNA hold the key to tackling many issues in the bunker industry as tough global markets and stricter environmental rules exacerbate difficulties in the sector, Deanna MacDonald, co-founder of BunkerTrace and CEO of Bloc, told S&P Global Platts.

Sep 11 - IOC chartered fully laden VLCC leaks fuel on high seas
The fully laden Indian Oil Corp., or IOC, chartered super tanker is leaking oil, likely from its fuel tanks but the 260,000 mt crude cargo is still safe, several sources involved in salvage operations said Sept. 10.

Sep 11 - Singapore high sulfur bunker premium rises $2.40/mt amid steady demand as HSFO cargo prices fall
Steady demand for high sulfur bunker fuel in Singapore was providing a measure of price support as 380 CST high sulfur fuel oil prices retreat, increasing its premium in September from the month before, market sources said late Sept 9.

Sep 11 - HSFO supply tightens in Durban - sources
Availability of high sulfur fuel oil was tight in the bunker market at South Africa's Durban port this week, as not all suppliers were offering on the spot market, sources said Sept. 10.

Sep 11 - Japan marine fuel 0.5%S flips to premium as typhoon delays bunkering
A temporary tightness in Japan's marine fuel market due to the impact of Typhoon Haishen has pushed the marine fuel 0.5%S differential into positive territory for the first time in four months.

Sep 11 - Spanish Bunker fuel volumes rebound in July, still down 26% on year
Bunker fuel consumption at Spanish ports rose month on month in July for the first time since March, but were still down by 26% year on year, according to data released by Puertos del Estado, the state-owned body that manages ports.

Sep 11 - ARA diesel, gasoil stocks surge 16% on week to 2.902 mil mt - Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub surged almost 16% week on week to 2.902 million mt as of Sept. 9, Insights Global data released Sept. 10 showed.

Sep 11 - Shipping alliances help container industry boost freight rates in coronavirus pandemic
Container shipping has sailed through the coronavirus pandemic largely unscathed, as ship-sharing alliances and supply curbs to bolster freight rates have helped operators to offset tepid trade demand.

Sep 11 - September ICE LSGO futures delivery at 3,075 lots
Physical delivery against holders of the September ICE low sulfur gasoil futures contract, which expired at midday London time (1100 GMT) Sept. 10, amounted to 3,075 lots, or 307,500 mt, according to Intercontinental Exchange data.

Sep 10 - China August soybean imports fall from July as Brazilian cargoes slow 
China's soybean imports dipped in August from the previous month, customs data showed on Monday, amid falling shipments from Brazil as the South American harvest starts to dry up. China, the world's top soybean buyer, brought in 9.60 million tonnes of the oilseed in August, down 4.8% from 10.09 million tonnes in July, data from the General Administration of Customs shows. 

Sep 10 - BHP awards tender for LNG-fuelled bulk iron ore carriers 
BHP Group said on Friday it has awarded a tender to charter five bulk iron ore carriers powered by liquefied natural gas (LNG), aiming to cut greenhouse gas emissions on voyages to biggest customer China by more than 30%. The contract for five LNG-fuelled Newcastlemax bulk carriers to carry ore between Western Australia and China was awarded to Singapore-based Eastern Pacific Shipping, and will run for five years from 2022, the global miner said.

Sep 10 - Ukraine to ship wheat to Saudi for the first time in 12 years 
Ukraine will supply milling wheat to Saudi Arabia for the first time in 12 years, exporter Continental Farmers Group said on Monday, with 60,000 tonnes now being loaded at the Chornomorsk sea port due to arrive in Jeddah on Sept. 17. The company said in a statement it had won a tender to supply the grain to the Saudi state purchaser together with its shareholder Saudi Agricultural and Livestock Investment Company.

Sep 10 - China August iron ore imports down 10.9% from July on falling shipments 
China's iron ore imports in August fell 10.9% from a month earlier, easing from a record high in July on fewer shipments from big miners and port congestion, official customs data showed on Monday. The world's top iron ore consumer brought in 100.36 million tonnes of iron ore last month, according to data from the General Administration of Customs. That was down from 112.65 million tonnes in July and up 5.8% from the same period a year earlier.

Sep 10 - Gibraltar Hi-5 bunkers spread at fresh low amid tightness in HSFO
VLSFO supply remains ample amid demand destruction caused by COVID-19.

Sep 10 - Oil climbs as stock market rally boosts sentiment
Weaker US currency segment also brings support.

Sep 10 - US EIA cuts 2021 global oil demand growth by 500,000 b/d on China outlook
EIA sees US oil output declining slightly after September.

Sep 10 - South Korea's nuclear power shutdown to have little impact on Asian fuel oil market: sources
Bunker markets in South Korea and Japan have seen barge availability tightening.

Sep 09 - European HSFO values near 2019 prices, bucking expectations
The spread between physical prices for 3.5%S FOB Rotterdam barges in 2019 and 2020 reached as close as $4/mt year on year on Sept. 1, assessed at $257/mt, before the spread widened again.

Sep 09 - Bunker barge avails tight in west Japan, Korea as port operations resume after Typhoon Haishen
Typhoon Haishen, described as "large," struck the Korean Peninsula on Sept.7, moving north at 50 km/hour having passed through Japan's Kyushu region, according to the Japan Meteorological Agency.

Sep 09 - VLCC owners set to mull slow steaming to cut costs as crude haulage demand remains weak
"It's been a summer with a chronic lack of demand for crude slowly chipping away at tanker earnings," Farnleys said.

Sep 09 - Maersk hikes rates on Asia, Middle East to US, Canada routes
Prices for twenty-foot equivalent unit containers have been increased by $300 per unit, while forty-foot equivalent unit containers have risen by $400 per unit, the company said Sept. 7.

Sep 09 - Major container lines void 29 sailings in Oct-Nov in anticipation of weak demand
Major container shipping lines have announced a host of blank sailings in October and November on the Asia-to-US, Asia-to-Europe and Intra-Asia trade lanes in anticipation of weaker demand in the fourth quarter on account of China's seven-day Golden Week holiday in October.

Sep 07 - Japan's search for crew of capsized cattle ship still suspended 
Japan's coastguard said on Monday that its search-and-rescue mission for 40 missing crew from a capsized cattle ship in the East China Sea remains suspended, with no timing set for resumption. So far, two crewmen have been rescued, while another died after being found unconscious on Friday. Their ship, the Gulf Livestock 1, had sent a distress call from the west of Amami Oshima island in southwestern Japan last Wednesday as Typhoon Maysak lashed the area with strong winds and heavy seas.

Sep 05 - Indonesia's Pertamina to skip LSFO exports from Balikpapan for Sept
Indonesia's Pertamina to skip LSFO exports from Balikpapan for Sept.

Sep 05 - Chinese Independent refiners prefer bitumen blend reducing appetite for heavy crudes
China's independent refineries continued to prefer bitumen blend imports in August that has dampened buying interest for heavy crudes, trading sources told S&P Global Platts on Sept. 4.

Sep 05 - Gazpromneft expands presence in Asia with first marine lubricant supply in Hong Kong
Gazpromneft Marine Lubricants has expanded its presence to a fifth location in the Asia-Pacific, selling its first marine lubricant in the port of Hong Kong on Sept. 3, the company said in a statement.

Sep 05 - Sustainability target an uphill task for shipping sector - conference
The shipping industry has a steep climb ahead to meet sustainability targets, and technology and data analytics could play a part, participants at the Digital Container Summit 2020 virtual conference said this week.

Sep 05 - S Korea's low sulfur marine gasoil supply to increase as blendstock returns

The available volume of low sulfur marine gasoil for sale in South Korea is expected to rise this month due to an increase in the supply of blendstock, light cycle oil, market sources said.

Sep 05 - IOC chartered fully laden VLCC catches fire off Sri Lanka

The engine room of the ship caught fire around 38 nautical miles from Sri Lanka's coastline but no oil spill has been detected so far.

Sep 05 - Widespread power outages among obstacles to speedy US Gulf Coast LNG recovery
Sempra Energy's Cameron LNG terminal could be offline for an indefinite period based on reports from the operator and shipping officials about the continued lack of power and other services in the Lake Charles, Louisiana, area following Hurricane Laura.

Sep 05 - European refiners to see more consolidation after pandemic - conference delegates
More consolidation is expected across the European refining system following the coronavirus pandemic from operators that were already facing flat or weaker demand and an increase in competition from additional Asian refineries, according to S&P Global Platts European Refining Virtual Conference delegates.

Sep 05 - Eastern Pacific Shipping, BHP ink world's first dry bulk LNG dual fuel charter contract
Singapore-headquartered Eastern Pacific Shipping has been awarded the world's first LNG dual fuel Newcastlemax bulk carrier contract by BHP as both companies advance their plans to curb their carbon footprint, EPS said.

Sep 05 - Typhoon Haishen forecast to disrupt weekend bunkering in South Korea, Japan
Bunkering at ports in western Japan and southern South Korea are expected to face distruptions from Typhoon Haishen from Sept. 5, market sources said.

Sep 05 - Hapag Lloyd to add 2 sailings on trans-Pacific route in September
German carrier Hapag Lloyd will offer two additional sailings on the trans-Pacific route in September, the company said Sept. 3, as soaring demand continues to drive prices higher.

Sep 05 - IOC chartered fully laden VLCC still on fire; eight ships in salvage operations - Sri Lankan navy
The fully laden Indian Oil Corp., or IOC, chartered super tanker is still on fire, and eight ships and tugs are trying to salvage the cargo and prevent an oil spill, a Sri Lankan navy spokesperson said Sept. 3.

Sep 05 - Panama Canal Authority seeks 230,000 barrels of residual and bunker fuel for Miraflores power plant
Panama Canal Authority seeks 230,000 barrels of residual and bunker fuel for Miraflores power plant.

Sep 05 - Singapore physical 10 ppm gasoil crack hits record low on supply influx, demand headwinds
The Singapore physical 10 ppm sulfur gasoil crack to front-month cash Dubai hit a record low on the back of a supply glut and weak regional demand, with the outlook likely to remain dim in the months ahead as high inventories continue to cap any upside, traders said.

Sep 04 - Bunker fuel availability tightens at Rotterdam - sources
Availability of bunker fuel at the Dutch bunkering hub of Rotterdam has become limited, market sources have said.

Sep 04 - Demand for HSFO at Singapore rising as more scrubbers fitted
Singapore has seen a rise in demand for high sulfur bunker fuel of late from the growing number of ships that have completed scrubber installations, given the limited availability of the grade at smaller ports, market sources said.

Sep 04 - VLSFO availability still in flux as market adapts to IMO 2020 - bunker suppliers
The availability of 0.5%S fuel oil or VLSFO is seeing ongoing changes across the world as the supply-side of the bunker industry continues to adapt to the new IMO 2020 landscape, according to bunker suppliers.

Sep 04 - Singapore 10 ppm gasoil/marine fuel 0.5%S spread at 15-week low amid rising gasoil supply
The spread between Singapore 10 ppm sulfur gasoil and marine fuel 0.5%S narrowed to a 15-week low Sept. 2 amid rising supply and deteriorating demand for gasoil.

Sep 04 - Taiwan's Formosa sells 40,000 mt 180 CST HSFO for Sept. 19-21
The company last sold 40,000 mt of bunker-grade 180 CST fuel oil with maximum 3.5% sulfur via a tender for loading over Aug. 10-12 from Mailiao, at a single-digit discount to MOPS 180 CST HSFO assessments, to Gunvor, market sources said.

Sep 04 - Fujairah Sept ex-wharf marine fuel term talks muted amid oversupply - trade
There are still no clear price indications for Fujairah ex-wharf term 0.5% sulfur marine fuel price for September, as traders struggle to clear their existing inventories amid ample supply, sources said Sept. 3.

Sep 04 - China's rising fuel oil exports narrow Zhoushan-Singapore marine fuel 0.5%S price spread
An increase in Chinese fuel oil exports for bonded bunkering since a tax rebate that came into effect Feb. 1 has narrowed the marine fuel 0.5%S price spread between Zhoushan and Singapore.

Sep 04 - ARA diesel, gasoil stocks drop 5.7% on week to 2.513 mil mt - Insights Global
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub fell 5.7% week on week to 2.513 million mt as of Sept. 2, Insights Global data released Sept. 3 showed.

Sep 03 - Hong Kong Sep marine fuel 0.5% differential inked at minus $12/mt, steady from Aug
Term contracts for the supply of marine fuel 0.5%s at Hong Kong port in September have been concluded at a discount of around $12/mt to benchmark Singapore 10 ppm cargo assessments, similar to August, Hong Kong-based traders said Sept. 1.

Sep 03 - Pandemic to cut global bunker demand by 11%-17% in 2020 - Cockett's Saral
Global marine fuel demand in 2020 will fall 11%-17%, or 29 million-45 million mt, year on year, due to the coronavirus pandemic, the CEO of marine fuel trader Cockett Group said Sept. 2.

Sep 03 - Petrobras boosts LSFO supply to Asia in Q3 to gain from higher prices - sources
Brazil's state-owned Petrobras has raised exports of low sulfur fuel oil to Asia to 600,000-800,000 mt/month in the third quarter from around 500,000 mt/month in late last year, market sources said Sept. 2.

Sep 03 - Oil retreats amid stronger dollar, weakened demand outlooks
Oil futures settled lower Sept. 2 as a stronger US dollar and weak US refined product demand offset a larger-than-expected reported draw in US crude stocks.

Sep 03 - S Korea halts bunkering at Busan ahead of Typhoon Maysak - sources
Almost all bunkering operations at the key southern port of Busan in South Korea were halted from Sept. 1 as Typhoon Maysak was approaching, market sources said Sept. 2.

Sep 03 - Heavy distillates stockpiles tumble most in 2020 at Fujairah
Fujairah oil product stockpiles dropped to a two-week low on Aug. 31, with heavy distillates such as marine bunkers tumbling 14% week on week, the biggest decline since December 2019.

Sep 03 - Los Angeles bunkers volumes fall for fifth straight month in May - port data
Deliveries of marine fuel in the Los Angeles market declined again in May, marking the fifth consecutive monthly decline, according to data released by the Port of Los Angeles in the week ending Sept. 5.

Sep 03 - Japan launches first project to commission high-power fuel cell vessel by 2024
"Once the pilot project proceeds smoothly, the vessel is expected to complete in the middle of 2024," NYK Line's Nakamura said.

Sep 03 - August fuel oil barge volumes traded in Platts London MOC rise 17% on month
Some 158,000 mt of 0.5%S marine fuel traded during August's MOC, up from 138,000 mt in July and 96,000 mt in June.

Sep 03 - NewOcean to scale back oil business as COVID-19, low oil prices dent prospects
The oil products segment's gross margin narrowed to 1.11% in H1 2020 compared to 4.28% in H1 2019 on tough markets.

Sep 02 - Singapore MPA's enhanced crew change steps to have limited impact on bunkering
Ship owners, managers, agents to ensure pre-departure coronavirus tests carried out.

Sep 02 - Crude up as strong US, China data boost demand outlook
Crude prices pulled back from early-session highs as dollar strengthens in late trading.

Sep 02 - Lloyd's Register, Methanol Institute launch methanol bunkering guidance
Bunker industry has been looking to a range of potential fuels, such as methanol and LNG, to reduce its GHG emissions.

Sep 02 - Pricing for marine fuel 0.5%S in Balboa, Houston jumps on tight supply, wholesale values
Bullish crude complex also plays role in recent bunkers price increases.

Sep 01 - Singapore LSFO-HSFO spread falls to 3-month low on rising LSFO supply
Bunker suppliers in Singapore reported fewer inquiries for low sulfur bunker fuel in the week ended Aug. 28.

Sep 01 - Crude prices fall after more bullish morning to start the week
Stronger Chinese data sentiment gives way to more cautious European traders, new EIA report.

Sep 01 - Asian VLCC rate falls below w30 first time in 5 years on weak loading demand
Dwindling loading demand started to drag down the VLCC market since OPEC+ 9.7 million b/d output cuts came into effect in May.

Sep 01 - Japanese companies advance plans for world's first marine based carbon capture system
Project being conducted with support from the Maritime Bureau of Japan's MLIT.

Aug 29 - Singapore 380 CST HSFO differential slips to discount on declining demand
The Singapore 380 CST high sulfur fuel oil cash differential over the grade's swaps values slipped into negative territory on Aug. 27 due to declining demand from Saudi Arabia.

Aug 29 - ARA fuel oil stocks down 18% on week to 1.103 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub, as measured by Insights Global, fell 18% to 1.103 million mt in the week Aug. 26.

Aug 29 - Americas dirty tanker freight sees little impact from Hurricane Laura
Freight for Aframaxes loading in the USGC saw little to no impact from Category 4 Hurricane Laura, which made landfall in the USGC early Aug. 27, in contrast to hurricane seasons in previous years.

Aug 29 - HSFO still a force in bunker fuel market post-IMO 2020

Once a staple of the bunkers market, demand for high sulfur (3.5%) fuel oil was expected to drop off a cliff after IMO 2020 -- -- the lower, 0.5% sulfur cap on marine fuel globally since Jan. 1.

Aug 29 - RBOB settles higher on expected delay in refinery returns

NYMEX RBOB futures edged higher Aug. 28, as the return of at least one Louisiana refinery was expected to be delayed following Hurricane Laura.

Aug 29 - W Africa freight rate reaches 14-month low amid unsold cargoes, lack of activity

The West Africa-to-East route freight rate, basis 260,000 mt, lost $1.62/mt to reach $11.71/mt on Aug. 28 amid lackluster end-user demand, regional overtonnage and bearish prospects for the fourth quarter.

Aug 28 - US Gulf Coast energy industry assessing impacts of Hurricane Laura
The US Gulf Coast energy industry was assessing the impacts of Hurricane Laura Aug. 27 and deciding when to begin reopening after the storm swept through the area overnight.

Aug 28 - RBOB sheds storm premium as USGC refiners assess storm damage

NYMEX RBOB futures settled sharply lower Aug. 27 as early reports indicated only limited damage to US Gulf Coast energy infrastructure from Hurricane Laura.

Aug 28 - Bangladesh's LSFO demand to double in H2 as imports commence

The South Asian country started importing 0.005% sulfur gasoil in July.

Aug 28 - ONE offers new service connecting ports of Far East Russia with Busan

The first sailing on the route is expected to take place from Busan on Sept. 14.

Aug 28 - Container shortage in rural US hampers soybean exports
Platts Container Rate 13- North Asia to West Coast North America-climbed to $3,450/forty-foot equivalent unit, or FEU, on Aug. 17.

Aug 28 - Singapore high-sulfur bunker demand endures as sales increase
Spot market volatility props up HSFO demand.

Aug 27 - Argentine barley rushes to China as Australia spat reshuffles global trade 
Argentine barley shipments have started streaming toward China after a three-year lull as a trade conflict between Asia's top buyer and main supplier Australia changes global supply flows of the grain used for livestock feed and beer. Argentina is on track to send at least 250,000 tonnes this year and a record 380,000 tonnes in 2021, according to export licenses and private company declarations seen by Reuters. That is up from virtually nothing in 2019.

 Aug 27 - India plans deep cut in thermal coal imports in coming years 
India plans to significantly reduce its thermal coal imports in "the next few years" to save foreign exchange and create jobs through the development of existing and new coal blocks, a senior official in the federal coal ministry said on Tuesday. Coal is among the top five commodities imported by India, the world's largest consumer, importer and producer of the fuel after China.

 Aug 27 - Weather-hit crop to cut French wheat exports by nearly 40% - Agritel 
A sharp fall in France's soft wheat harvest this year due to adverse weather throughout the crop cycle will reduce exports from the European Union's largest grain producer by nearly 40% in 2020/21, consultancy Agritel forecast on Wednesday. Torrential autumn rain hampered sowings and spring drought has reduced soft wheat yields this season. Agritel kept its estimate for France's 2020 harvest at 29.22 million tonnes, down from 39.5 million last year. 

 Aug 27 - Brazil to erase import tariffs on corn, rice and soybean temporarily -report 
Brazilian government has decided to remove temporarily import tariffs on rice, corn and soybeans, an Agriculture Ministry official told local newspaper Valor Economico. The move aims at fighting inflation, as prices for the three products have risen recently, according to the report

Aug 27 - Medium Range rates soar as cargoes covered in wake of US hurricanes
Medium Range tanker markets have risen sharply on the back of news of imminent lockdowns in the US Gulf Coast region due to two incoming hurricanes -- Laura and Marco.

Aug 27 - Fujairah oil product stocks soar in biggest weekly gain since February
Stockpiles of oil products at the crude trading and bunkering hub of Fujairah on the east coast of the UAE jumped to a six-week high, with marine bunkers and fuel for power generation soaring the most in six months.

Aug 27 - Diesel, bunker fuel boost refinery output in July
Brazilian refined-product output jumped to its highest level in seven months in July amid strong demand for diesel and low-sulfur bunker fuel, according to data published Aug. 26 by the National Petroleum Agency, or ANP.

Aug 27 - China July fuel oil exports rise 34% on year to 1.18 mil mt
China exported 1.18 million mt of fuel oil in July, up 34% year on year but down 6.8% from June, data from General Administration of Customs showed Aug. 26.

Aug 27 - Durban VLSFO bunker prices jump $61/mt in two days
Delivered-Durban 0.5% sulfur fuel oil bunker prices reached $435/mt on Aug. 25, up from $374/mt on Aug. 21 in just two consecutive trading sessions, S&P Global Platts data shows.

Aug 27 - WTI edges higher but products dip as US Gulf braces for Laura
US crude prices edged higher Aug. 26 as a strengthened Hurricane Laura approached the heart of US energy country, but the rest of the energy complex declined amid weakened demand outlooks.

Aug 26 - Hurricane Laura worries shut Port Houston traffic, slow bunker trading
US Gulf Coast bunker markets made muted moves as Port Houston vessel traffic was expected to halt Aug. 25 ahead of Hurricane Laura's landfall, expected in the region as soon as late Aug. 26.

Aug 26 - Refined product prices surge as USGC refineries close ahead of Hurricane Laura
Refined product futures settled higher Aug. 25 amid a bevy of refinery closures in southeastern Texas and southwestern Louisiana ahead of Hurricane Laura's arrival in the region later this week.

Aug 26 - Upcoming S Korea ECA low sulfur norms at ports to have minimal impact - sources
South Korea's new Emission Control Area, requiring ships to use fuel with maximum 0.1% sulfur content while berthing from Sept. 1, is expected to have a minimal impact, market sources said in the week started Aug. 23.

Aug 26 - MGO-ULSFO bunker spread hits 8-month low in Europe
Ultra low sulfur fuel oil remains cheaper than marine gasoil but only marginally as price differentials narrowed to an eight-month low in Europe, S&P Global Platts data showed.

Aug 26 - Thailand's PTT sells 60,000 mt IMO-compliant fuel oil for September
Thailand's PTT sells 60,000 mt IMO-compliant fuel oil for September.

Aug 26 - Busan port July container volumes fall 7% on year on weak demand amid pandemic
Container throughput at South Korea's Busan port in July slid 7% year on year to 1.75 million twenty-foot equivalent unit, data published by the Ministry of Oceans and Fisheries showed, as international demand continues to remain under pressure due to the coronavirus pandemic.

Aug 26 - French carrier CMA CGM hikes rates on Asia-Red Sea, Asia-India routes
French container carrier CMA CGM has increased rates on the Asia-Red Sea route by $200/twenty-foot equivalent unit, it said in a statement late on Aug 24.

Aug 26 - Commercial operations at India's $8.83 billion Vadhavan port expected in 2025-2026
Commercial operations under phase one of the upcoming deep draft all-weather Vadhavan port in Maharashtra were expected to commence in 2025-2026, Jawaharlal Nehru Port Trust said in a Term of Reference application to the Ministry of Environment, Forest and Climate Change.

Aug 26 - Typhoon Bavi to impact S Korea's bunkering operations - sources
Bunkering operations at the southern and western ports of South Korea are expected to face disruptions from Typhoon Bavi this week, market sources said.

Aug 25 - US Gulf of Mexico producers shut in more production ahead of storms Marco, Laura
US Gulf of Mexico producers continued to shut in production and evacuate crews Aug. 23 in preparation for Hurricane Marco and Tropical Storm Laura, which were both expected to hit the Texas and Louisiana coasts this week.

Aug 25 - Chinese refineries boost August gasoil exports to offset stock pressure
China is set to raise gasoil exports to 1.5 million-1.75 million mt in August from a multiyear low in July as state-run refiners step up efforts to clear excess oil product supplies and ease competitive pressure in the domestic market, analysts and trade sources said.

Aug 25 - Rotterdam Hi-5 bunker spread hits all-time low
The premium of very low sulfur fuel oil over its high sulfur equivalent at Rotterdam port fell to a record low on Aug. 21, as the latter stays resilient to bearish fundamentals in the global oil complex.

Aug 25 - IN THE LOOP: Storms impact prompt crude pricing, export flows at risk
Refinery and port closures, along with production shut-ins ahead of two storms threatening the US Gulf Coast are poised to impact crude oil prices this week.

Aug 25 - European HSFO back at pre-crude crash levels, VLSFO down 16%
European high sulfur fuel oil has recovered more rapidly than its sweeter cousin, 0.5%S marine fuel, from the global crude oil price crash earlier this year.

Aug 22 - European diesel barge and paper markets hit 2-month low
European diesel markets have slipped lower, with traders reporting that demand has stalled at the same time that new arrivals are weighing on the market.

Aug 22 - Singapore gasoil crack swap slumps to 11-week low amid poor demand, rising supply
The front-month Singapore 10 ppm sulfur gasoil swap spread against the Dubai crude swap fell to an 11-week low at the Asian close on Aug. 20, amid weakening gasoil demand and expectations of rising regional supply.

Aug 22 - ARA fuel oil stocks rise 10% on week to 1.347 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub increased 10% to 1.347 million mt week on week as of Aug. 19, according to data from Insights Global released Aug. 20, as demand remained at lower levels amid the summer lull period, sources said.

Aug 22 - Argentina bunkers prices come off multi-month highs despite supply concerns
Argentina's spot marine fuel assessments come off multi-month highs Aug. 21 to close the week on a bearish kick, with ongoing supply concerns doing little to mitigate the decline.

Aug 22 - July container volumes at China's Shanghai port hit all-time high
As industrial and economic activity in China continues to recover, monthly container volumes at Shanghai port touched an all-time high in the month of July. The port handled 3.9 million twenty-foot-equivalent, or TEU, container shipments in July, up 1.2% year on year and 8.3% month on month, data from China's Ministry of Transport showed.

Aug 22 - Mobility shrinks in key oil consumers amid resurgence of COVID-19
Oil demand indicators in some of the world's biggest consuming countries are in retreat, according to mobility data, amid a resurgence of COVID-19 deaths globally towards levels last seen during first wave of the crisis in April.

Aug 22 - Barge hits natural gas pipeline in Port of Corpus Christi, causing explosion
A dredging barge hit a natural gas pipeline at the Port of Corpus Christi, Texas early Aug. 21, causing an explosion, according to sources.

Aug 22 - Thailand's PTTGC offers IMO-compliant fuel oil for September
Thailand's PTTGC offers IMO-compliant fuel oil for September.

Aug 22 - Singapore's residue stocks rise 7% to 5-week high on higher imports
Singapore's commercial onshore residue stocks rose 7% week on week to 25.485 million barrels, or 4.01 million mt, over Aug. 13-19, Enterprise Singapore data released Aug. 20 showed, amid a jump in imports coupled with a decline in outflows.

Aug 22 - Handysize rates in the Mediterranean drop to 3-year low
Freight rates in the Handysize Mediterranean market continued their retreat from the record highs seen in late April, reaching a three-year low on Aug. 20 as tonnage lists lengthen and European refineries cut runs.

Aug 22 - Singapore HSFO prompt month backwardation widens to 7-month highThe prompt

Singapore September/October high sulfur fuel oil backwardation hit a seven-month high on Aug. 20 as HSFO demand from Asia's power sector as well as from refiners both in the US and Asia strengthened amid limited regional supply.


Aug 21 - Japan June bonded bunker fuel oil sales fall 1.7% on month on weak demand
Japan sold 2.5 million barrels of bonded bunker fuel oil in June, down 1.7% from May but up 24.2% from a year ago, the latest Ministry of Economy, Trade and Industry data showed.


Aug 21 - Saudi Bahri orders 10 chemical tankers from HHI
Saudi shipping company Bahri has ordered 10 Medium Range chemical tankers from South Korea's Hyundai Mipo Dockyard, part of the Hyundai Heavy Industries (HHI) group, for delivery from Q1 2022 in a $410 million deal, it said Aug. 20.

Aug 21 - Vietnam's July gasoil imports hits over 2-year high on firm demand

Vietnam's gasoil imports jumped to more than a two-year high in July, as the country's requirements for the middle distillate product remained firm amid an early loosening of coronavirus-related restrictions.

Aug 21 - Bangladesh to trim Sep HSFO imports on weaker demand, lower-priced stocks
Bangladesh, one of the major buyers of high sulfur fuel oil from Singapore, plans to trim its September imports by about 7% from August, with importers expecting weaker demand and eyeing low-priced stocks purchased earlier, the president of Bangladesh Independent Power Producers Association said Aug. 18.

Aug 21 - Panamax/Kamsarmax market regains strength in ECSA despite seasonal norms
Increasing Chinese demand has supported Panamax/Kamsarmax freight rates in east coast South America despite seasonal harvest changes in the region, according to sources Aug. 20.

Aug 21 - Singapore 180 CST HSFO cash differential jumps to 6-month high on tight supply
The Singapore 180 CST high sulfur fuel oil cash differential over swaps values jumped to a six-month high on Aug. 19 due to supply tightness in the region, led by strong demand from the US and straight-run fuel oil requirements from Asian refiners.

Aug 21 - China Aviation Oil denies allegations of 'fraud' in gasoil cargo trade
Singapore-listed China Aviation Oil, Asia's biggest jet fuel trading house, has denied allegations of "fraudulent" trade of a gasoil cargo made by Swiss bank BCP and the company said in a statement Aug. 20 that it intends to defend itself against the bank's legal and financial claims.

Aug 21 - Bunker prices in the Pacific Northwest hike to July levels on strengthened demand, tight avails
Prices for bunker fuels in Vancouver and Seattle rose this week to levels last seen in end-July due to an increased demand coupled with tight supply, according to market sources.

Aug 21 - Port of Gothenburg sees H1 container, energy product volumes grow despite COVID-19
The port of Gothenburg, in Sweden, saw energy product volumes in the first half of 2020 rise 22% on the year to 11.8 million mt, with H1 container traffic up 4% year-on-year to 401,000 twenty-foot equivalent units (TEUs), the port authority reported Aug. 20.

Aug 21 - September-loading West African crude left unsold as demand wanes

West African crude grades have been hit by a fall in demand from key buyers in China and India, and, with interest from refiners in Europe only sluggish at best, a lot of September volumes have been left unsold as the market moves to start trading October cargoes.

Aug 20 - Mexico president wants to revoke concession for Veracruz port 
Mexico's president on Tuesday said he would try to revoke a "100-year" concession for the major port of Veracruz, which he said was "privatized" by one of his predecessors. Speaking at his daily news conference, President Andres Manuel Lopez Obrador declined to name the concessionary of the port in the Gulf of Mexico, but questioned how it was possible that a company had secured such a long hold on the rights. 

Aug 20 - Ukraine, Qatar's QTerminals sign 35-year seaport concession deal  Ukraine has signed a 35-year concession deal with Qatari sea port operator QTerminals to develop and operate the Ukrainian Black Sea port of Olvia, Infrastructure Minister Vladyslav Kryklii said on Thursday. QTerminals, a joint venture between state-owned Qatar Ports Management (Mwani Qatar) and shipping and logistics group Qatar Navigation (Milaha), won the concession tender in January.

 Aug 20 - Egypt disposing of dangerous materials at ports - minister 
Egypt has started disposing of abandoned and dangerous materials at ports after the massive explosion in Beirut's port this month, the finance minister said on Sunday. "What happened in Beirut made us examine our own situation and we actually got rid of large quantities of abandoned and neglected and dangerous materials that were in the ports," Mohamed Mait told parliament.

Aug 20 - WTO goods trade index hits record low, detects some recovery signs 
The World Trade Organization said on Wednesday its goods trade barometer hit a record low, suggesting global merchandise trade registered a historic fall in the second quarter of 2020 as the coronavirus pandemic raged. "Additional indicators point to partial upticks in world trade and output in the third quarter, but the strength of any such recovery remains highly uncertain: an L-shaped, rather than V-shaped, trajectory cannot be ruled out," the WTO said on its website.

Aug 20 - Brazil indigenous tribe ordered to end protest blocking key grains export route 
A Brazilian federal judge on Monday ordered protesters to clear the BR-163 highway, a main route for exporting grains from Mato Grosso state to northern ports, according to a copy of the ruling seen by Reuters. Members of the Kayapó indigenous tribe had blocked the route in center-west Brazil on Monday, protesting against a lack of government protection from the coronavirus pandemic that has killed several of their elders.

Aug 20 - Vietnam's July fuel oil imports fall 12% on month on weaker demand, returning domestic supply
Vietnam's fuel oil imports in July recorded a 12.46% fall from June at 34,745 mt, latest preliminary data from the Vietnamese General Department of Customs showed, as demand in the country fell following a second wave of the coronavirus.

Aug 20 - Fujairah Fuel stockpiles edge lower led by drop in middle distillates
Fujairah stockpiles of oil products dropped to a four-month low on Aug. 17, with middle distillates such as jet fuel and gasoil leading the way.

Aug 20 - USGC ULSD stocks see largest regional week-on-week build
Ultra low sulfur diesel stocks on the US Gulf Coast saw the largest regional week-on-week build during the week ended Aug. 14, rising 1.03 million barrels to 54.26 million barrels, Energy Information Administration data showed Aug. 19.

Aug 20 - East/West HSFO swap flips into backwardation on strong demand in Singapore
The spread between 380 CST FOB Singapore fuel oil cargoes and 3.5%S fuel oil FOB Rotterdam barge swaps, the East/West, has flipped into backwardation on increased demand for cargoes in Singapore while HSFO was tight in Europe.

Aug 20 - Marine industry's transition to cleaner fuels is 15, 20-year project - PetroChina
More vessels will run on LNG and methanol, and biofuels will be a contender, IBIA's Unni Einemo said.

Aug 20 - Singapore Sept ex-wharf marine fuel term indications increase as oversupply eases
Some traders said they were also asking for September-loading MF 0.5%-S term price indications to be based on benchmark FOB Singapore Marine Fuel 0.5% cargo assessment.

Aug 20 - Hong Kong halts port operations on tropical cyclone Higos - sources
"There will be no [bunkering] operations until [the HK Observatory lowers to] signal no. 1," a supplier said.

Aug 20 - Singapore 380 CST HSFO front month spread hits 6-month high on strong feedstock, bunker demand
The prompt inter-month spread was last assessed higher at $2.75/mt on Feb. 28, according to Platts data.

Aug 20 - Singapore Sep LSFO arbitrage inflow set to rise on stronger Asian prices - traders
"September arbitrage volumes will probably go higher," a fuel oil trader in Singapore said.

Aug 20 - Offline ULSD market jumps after Colonial Pipeline temporarily closes part of Line 1
ULSD off the Colonial Pipeline jumped on Aug. 19, following the recent closure of part of the pipeline operator's gasoline-only Line 1 following the release of product on Aug. 14.

Aug 20 - Port of Corpus Christi still aims to export Canadian, Bakken crude
The Port of Corpus Christi surpassed Houston late last year as the nation's top crude exporter, and now the rapidly growing petroleum hub aims to take the next step by shipping out grades of Canadian crude and Bakken Shale oil.

Aug 20 - Maersk Q2 revenue falls as pandemic cuts container volumes by 16% on year
Danish shipping firm A.P. Moller-Maersk recorded a drop in second-quarter revenue as demand destruction from the coronavirus pandemic reduced the company's container volumes by 16% year on year.

Aug 20 - Israeli carrier Zim posts 5% on year fall in Q2 container revenue
Container freight revenue at Zim Integrated Shipping Services Ltd. fell 5.3% on year at $687 million during the second quarter ended June 30, the company said on Aug. 19.

Aug 20 - Low prices, flexible supply key to cracking Philippines LNG market - First Gen
First Gen is proceeding with its FSRU plans at a chlalenging time when energy companies have slashed capex.

Aug 20 - "K" Line, Airseas get approval for "Seawing" as stricter shipping rules loom
The Seawing system collects and analyzes meteorological and oceanic data in real time.

Aug 19 - Crude future treads water as market looks for next direction
Crude oil futures settled little-changed Aug. 18 as the market traded sideways a backdrop of rising COVID-19 cases and tightened supply outlooks.

Aug 19 - Maintenance at Panama Canal to cut transit capacity Aug. 25-26 - ACP
Clean tanker market participants have reported extended waiting times for transit slots through the Panama Canal in August, due in part to increased vessel flow in the region and routine maintenance that will decrease the transit allotment between Aug. 25-26 to 21-23 ships daily, according to a spokeswoman for the Panama Canal Authority.

Aug 19 - VLCC premium for short voyages narrows to 2-year low at w2 on weak crude demand
The spread between short and long haul VLCC freight rates in the East of Suez on a Worldscale basis has narrowed sharply in August on the back of a weak crude tanker market, S&P Global Platts data showed Aug. 18.

Aug 19 - Fujairah bunker supplier Uniper Energy DMCC's Q2 sales rise, LSFO 91% of total
Uniper Energy DMCC, which supplies marine fuels at Fujairah, said Aug. 18 its second-quarter sales rose to 1.358 million mt from 1.326 million mt in Q1 and were well ahead of a year earlier.

Aug 19 - Tight supply supports South Korean 0.5%S marine fuel
Tight supply of low sulfur fuel oil in South Korea has lifted values, even as demand has seen no significant change, market sources said.

Aug 19 - Singapore M1/M2 10 ppm sulfur gasoil spread hits 10-week low as recovery stunted by resurgence of COVID-19
The Singapore September-October 10 ppm sulfur gasoil derivative time spread hit a 10-week low at the close of Asia trade Aug. 17, as concerns mount that the pace of gasoil's recovery in Asia may be stunted by a resurgence in coronavirus cases on the back of weak demand, and a well-supplied market.

Aug 19 - Singapore bunker market expects little impact from report of low flash point marine gasoil
The Singapore bunker fuel market has seen some instances of low flash point marine gasoil but the impact on the market has been muted, industry sources told S&P Global Platts Aug. 17 in response to a report that off-specification MGO had been detected at the port.

Aug 19 - Northwest Germany's Emden starts ship-to-ship LNG bunkering - report
The port of Emden in Northwest Germany is now able to offer ship-to-ship LNG bunkering, according to operator Nierdersachsen Ports.

Aug 19 - France's CMA CGM launches new Gothenburg, Hamburg container line

 French shipping line CMA CGM has launched a new service between Gothenburg, Sweden, and Hamburg, Germany, the port of Gothenburg said in a statement Aug. 18.

Aug 19 - Floating storage at two-month lows despite large volumes off China

The amount of crude and condensate hoarded on oil tankers worldwide has tumbled to more than two-month lows as the economics for storing oil start to weaken, despite high volumes offshore China putting pressure on the physical oil market, according to analysts.

Aug 19 - Houston Ship Channel reopens after shutting due to Chevron Pasadena fire

The Houston Ship Channel reopened Aug. 18 after temporarily closing following a fire at Chevron's Pasadena refinery in Texas.

Aug 19 - Lessons learnt from IMO 2020 are too valuable to ignore - Chevron Marine Lubricants
The switch to low-sulfur marine fuels this year is a useful indicator of what might come, as the shipping industry heads towards a future of new fuels, Chevron Marine Lubricants said in a whitepaper article on Aug. 17.

Aug 18 - Denmark's Torm rides strong tanker rates, positive going into Q3
Danish product tanker group Torm, reporting excellent second quarter results, said Aug. 17 the first six months of the current year had been driven by strong tanker rates and that it was confident of a positive performance in the third quarter.

Aug 18 - Fujairah bunker volumes edge up in July after hitting lowest this year
Bunker volume at the Port of Fujairah in July rose 1% on the month after hitting a seven-month low in June, according to a report seen by S&P Global Platts.

Aug 18 - July container volumes at Singapore port down 6.8% on-year
Container throughput at Singapore port fell 6.8% year on year to 3.01 million twenty-foot equivalent units (TEU) in the month of July, data released by Maritime and Port Authority of Singapore said.

Aug 17 - Europe and Africa residual fuel -- key market indicators
Summer lulls continue to impact market activity in the European fuel oil markets, while demand in the end-users bunkers market saw a marginal uptick in Europe last week.

Aug 17 - Around 3,000 mt bunker fuel recovered from Wakashio post spill: Japan's MOL
Japan's Mitsui O.S.K. Lines, Ltd., or MOL, said Aug. 16 around 3,000 mt of bunker fuel oil onboard the bulk carrier Wakashio had been recovered and transferred to small tankers by Aug. 12, while the remaining around 1,000 mt had leaked off the Mauritius coast.

Aug 17 - PDVSA, partners producing 442,000 b/d of crude
Crude production by PDVSA and its international partners increased to 442,000 b/d, according to technical reports dated Aug. 15 reviewed by S&P Global Platts.

Aug 17 - Belarus turmoil unlikely to affect Ukrainian diesel prices, analyst says
Ukraine's diesel fuel prices are not likely to be affected by political turmoil in Belarus, one of its main suppliers, due to abundant stocks, Serhiy Kuyun, the head of the A-95 energy analysis firm, said Aug. 17.

Aug 17 - Taiwan Jun oil product demand, crude throughput down 4% on month
Taiwan's consumption of key oil products -- LPG, naphtha, gasoline, jet fuel/kerosene, diesel and fuel oil -- totaled 754,000 b/d in June, falling 4% from May.

Aug 17 - Japan's JGC Corp to complete Iraq's Basrah refinery upgrade by 2025
Japan's JGC Holdings Corporation has announced that it has officially received the letter of award for upgrading Iraq's 210,000 b/d Basrah refinery in Southern Iraq, with the scheduled completion date of refinery upgrade slated for 2025, the company said in a statement on its website.

Aug 15 - Seafarers stranded at sea as pandemic upends global shipping markets
"What can be done today, does not mean that it can be done next week, too," said a shipping source.

Aug 15 - IMO 2020 transition smoother than expected:
Bunker One
"The industry experienced basically no claims in late 2019 and early 2020," Steffen Kortegard said.

Aug 15 - Singapore bunker fuel faces TSP-related stability issues but impact limited : sources
Fuels with high sediments can result in excessive sludge deposition in tanks.

Aug 15 - Malaysia's MISC sees limited impact from COVID-19 on LNG business segment
Operations at the yard in Pasir Gudang were suspended effective March 23 to comply with Malaysia's movement control order.

Aug 14 - Singapore July bunker fuel sales rise 8.58% on month to 4.16 million mt
"We saw more inquiries in the last two weeks of July as buyers were afraid that crude oil prices would continue to increase," a trader said.

Aug 14 - India's container space tightness seen easing in Sep as imports recover after lockdown
September's available container capacity is expected to rise 7% on year, snapping six straight months of lower-than-usual capacities, eeSea said.

Aug 14 - Eastward exports of low and very low sulfur fuel oil plummet in July
In July, no LSFO/VLSFO traveled to Malaysia from Europe, after 1.72 million barrels, or 29% of exports, made the voyage in June.

Aug 14 - S Korea marine fuel 0.5%S differential flips to premium on supply cuts
The differential was last at a premium of $7.80/mt on May 26, Platts data showed.

Aug 13 - Australia's Port Hedland iron ore exports to China fall 17.5% in July 
Australia's iron ore shipments to China from the hub of Port Hedland fell 17.5% to 38.1 million tonnes in July from the previous month, data from the Pilbara Ports Authority showed on Thursday. Exports were down from 46.2 million tonnes in June, the data showed.

Aug 13 - EU re-introduces maize import tariff with 5.48 euro/T levy
The European Union has re-introduced an import duty for maize (corn), setting a levy of 5.48 euros ($6.42) per tonne, the bloc announced in its official journal on Wednesday. The tariff, effective as of Wednesday, will also apply to rye and sorghum imports.

Aug 13 - Paraguayan grains barges freed to navigate thanks to water release from dams
More than a hundred barges with 115,000 tonnes of Paraguayan grains began to sail to ports in the region on Tuesday, thanks to a discharge of water from the Itaipu and Yacyreta dams that raised the height of the Parana River, the government said. The Parana is the region's key commodities superhighway used to send soy and other farm products to export hubs. But the waterway has suffered unusually low water levels in 2020 due to dryness in Paraguay, southern Brazil and Argentina.

Aug 13 - China soybean imports rise 18% through July as Brazilian cargoes arrive 
China's soybean imports rose 18% this year through July versus a year ago, as large volumes of soybeans bought cheaply from top supplier Brazil arrived in the country, according to data from the General Administration of Customs. China, the world's biggest buyer of soybeans, brought in 10.09 million tonnes of beans last month, up from 8.63 million tonnes in July 2019 but below June's record 11.16 million tonnes, the customs data showed.

 
Aug 13 - China's steel body expects iron ore port congestion to ease by end of August
The China Iron and Steel Association (CISA) said on Tuesday that iron ore discharging difficulties and port congestion issues are likely to ease in mid- or late-August as the weather improves and the coronavirus is under control. The number of iron ore vessels stuck at ports has increased recently due to inclement weather conditions, restrictions to contain the pandemic and ships arriving at the same time, according to the CISA, disrupting flows of the key steelmaking ingredient.

Aug 13 - Argentina may extend COVID-19 lockdown in latest setback for oil output
YPF, the country's biggest oil producer and refiner, saw its refinery utilization rate plummet to a low of 47% in April.

Aug 13 - Fujairah Data: Oil Products stocks dip for seventh consecutive week

Stockpiles are now the lowest since April 20 and have declined 21% from the all-time high of 30.71 million barrels on June 1.

Aug 13 - Brazil's Petrobras sets low-sulfur diesel sales record in July
Petrobras sold 1.78 million cubic meters of low-sulfur diesel in July.

Aug 13 - Singapore's MPA launches next-generation patrol crafts amid continued vigil
MPA has also deployed two new patrol launches for flag and port state control inspections.

Aug 08 - Med/NWE diesel cargo premium narrows as Med tightness eases
The Mediterranean-Northwest Europe ultra low sulfur diesel cargo spread has weakened amid slightly stronger resupply levels into Europe, despite firm demand in the east Mediterranean.

Aug 08 - Marine fuel 0.5%S prices in Argentina hit highest level since March
Marine fuel 0.5%S in Argentina reached Aug. 6 its highest value since mid-March amid supply constraints and the recent rise in prices in Brazil.

Aug 08 - ARA fuel oil stocks up 8% on week to 1.356 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub rose 8% to 1.356 million mt in the week to Aug. 6, according to data from Insights Global, as the market grappled with weak demand amid the summer lull.

Aug 08 - India container freight surges by up to 67% on acute space shortage

Container freight rates for sailings out of India have surged by up to 67% over the past month due to shortages in inventory and available space, market sources said.

Aug 06 - After blast, Lebanon has less than a month's grain reserves 
Lebanon's main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month's reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday. Raoul Nehme told Reuters a day after Tuesday's devastating explosion that Lebanon needed reserves for at least three months to ensure food security and was looking at other storage areas.

 
Aug 06 - Shipping's share of global carbon emissions increases 
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down. About 90% of world trade is transported by sea and UN shipping agency - the IMO - aims to reduce the industry’s overall greenhouse gas emissions by 50% from 2008 levels by 2050.

 
Aug 06 - Indonesia eyes Vietnam as it seeks to diversify thermal coal exports 
Indonesia, the world's top exporter of thermal coal, is stepping up efforts to diversify sales of the fuel as shipments to top buyer India slump and with exports to China poised to slow. Indonesia is using diplomatic channels to promote sales around the region, from Vietnam to Pakistan and Bangladesh, a government spokesman said, as it seeks to offset a fall in annual exports and a global shift towards cleaner energy.

 
Aug 06 - Egypt's GASC buys 410,000 tonnes of wheat for September shipment 
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) said on Wednesday that it bought 410,000 tonnes of wheat in an international tender for shipment periods in September. GASC said it bought 120,000 tonnes of Russian wheat for shipment Sept. 11-20 and 290,000 tonnes of Russian and Ukrainian wheat for shipment Sept. 21-30.

Aug 06 - Grounded passenger flights boost Japan NYK's Apr-Jun air cargo demand by 63% on year
Japan's Nippon Yusen Kabushiki Kaisha or NYK Line's revenue from air cargo transportation surged 62.8% year on year to Yen 28.8 billion ($272.4 million) over April-June, the company said August 5, as the transportation of goods via passenger flights plunged due to pandemic-led restrictions on international travel.

Aug 06 - Overall shipping emissions in 2050 could surpass 2008 levels - IMO study
Overall emissions from shipping in 2050 could equal or surpass 2008 levels as shipping demand outstrips energy efficiencies, according to the International Maritime Organization's Fourth Greenhouse Gas Study 2020.

Aug 06 - Low sulfur bunker fuel gap widens at Rotterdam
The pricing gap between 0.1%S marine gasoil and 0.5%S marine fuel -- both IMO 2020-compliant fuels -- has widened again at Rotterdam after the start of IMO's sulfur cap rule earlier this year saw the two come almost within touching distance of each other.

Aug 06 - Russia's H1 seaborne LPG exports plunge 42% on higher domestic appetite, OPEC cuts
Russia's seaborne LPG exports slumped 42% on the year to 1 million mt, largely due to increased consumption from the domestic petrochemical sector and lower production following OPEC+ cuts, Grieg shipbroker said in a report dated Aug. 4.

Aug 06 - Open interest for Singapore MF 0.5%S Aug contract on ICE drops 29%
Open interest for the August Singapore Marine Fuel 0.5%S contract fell 29% on the month in July, data from the Intercontinental Exchange showed Aug. 4, even as the market showed strength throughout the month and the August/September swaps spread flipped from a contango to backwardation.

Aug 05 - Slow French wheat exports lag China-fuelled barley shipments in July 
French soft wheat shipments outside the EU fell to their lowest in at least a decade for July as activity eased after a record 2019/20 season, with wheat volumes lagging brisk barley exports to China, Refinitiv data showed. Soft wheat exports to destinations outside the European Union totalled 432,000 tonnes in July, the first month of the 2020/21 season, an initial estimate based on Refinitiv loading data showed.

Aug 05 - S Korea allows private companies to launch LNG bunkering business
South Korea has eased regulations to allow local private companies to launch LNG bunkering businesses and compete with state-run Korea Gas Corp., boosting prospects for LNG as a marine fuel as stricter environmental rules in international shipping gain traction.

Aug 05 - MARINE FUEL 0.5%S: Global marine fuel supplies still holding back price recovery

Global marine fuel 0.5%S prices improved in July, though demand still was below normal levels. Market sentiment was overall more positive than in June, though fundamentals of oversupply and slow demand resulted in a short-term bearish outlook for much of the globe.

Aug 04 - June fuel oil imports surge 20% on month on post-lockdown demand
India's fuel oil imports in June registered a 20% increase from May at 590,000 mt as domestic demand returned following the nationwide lockdown, according to data from the country's Petroleum Planning and Analysis Cell published August 1.

Aug 04 - EMEA light ends: Key market indicators this week
The European light ends complex has continued to weaken largely on a bearish demand outlook.

Aug 04 - Asia residue fuel market - Key market indicators this week
Strong sales in the Singapore low sulfur bunker fuel market seen in the week ended July 30 are likely to continue into first-half August, according to bunker suppliers, as margins inch higher on the back of tightening supply in August.

Aug 04 - Indonesia to mix coal-based DME, LPG as cooking fuel to lower LPG imports
In an attempt to reduce Indonesia's dependence on imported LPG, the government seeks to mix coal-based dimethyl ether, or DME, and liquefied petroleum gas for use as cooking fuel, the Jakarta Post said recently, citing Ministry of Energy and Mineral Resources officials.

Aug 04 - Asia middle distillates - Key market indicators this week
Demand concerns are expected to take center stage in the Asian middle distillates complex as a resurgence of coronavirus infections around the region is expected to suppress buying appetites, exerting downward pressure on sentiment. Persistent supply tightness, however, is likely to provide a floor for prices, industry sources said Aug. 3.

Aug 04 - ICE LSGO futures net speculative length slips back from 6-month high
Speculative net long positions in ICE low sulfur gasoil futures fell 7,091 contracts to 59,189 in the week to July 28, according to ICE data, down from the six-month high reached the previous week.

Aug 04 - Europe middle distillates: Key market indicators this week
ICE low sulfur gasoil futures fell on the week, with the front-month ICE LSGO futures contract at $365/mt on July 31, down from $374.75/mt a week earlier.

Aug 04 - NWE distillate MOC physical cargo volumes hit 2020 low in July
In the Platts Market on Close assessment process in July, 405,000 mt of distillates products traded across the jet fuel, gasoil and diesel cargo markets in Northwest Europe, down 318,000 mt from June and the lowest volume traded in the process since December when 207,000 mt traded.

Aug 04 - Hurricane Isaias projected to strafe eastern side of Florida over the weekend

In a late July 31 advisory, the National Oceanic and Atmospheric Administration's National Hurricane Center said heavy rains associated with Hurricane Isaias could begin to affect south and east central Florida late Friday night and the eastern Carolinas by early next week, potentially resulting in isolated flash flooding.

Aug 01 - ARA fuel oil stocks fall 14% on week to 1.255 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp hub fell 13.8% to 1.255 million mt in the week to July 30, according to data from Insights Global, despite market sources citing poor demand during the week.

Aug 01 - Japan's cargo ship, oil tanker volume drops to record low in May amid COVID-19
Japan's total volume of domestic cargo ship transports plunged 26% on the year to 12.798 million mt, or 94,702,189 barrels, in May, which is the lowest volume since the Japan Federation of Coastal Shipping Associations started the survey.

Aug 01 - Energy services group WFS sees Q2 fuel sales volumes fall 22% on year
Energy services company World Fuel Services saw its total sales volumes of land, aviation and marine fuel in Q2 fall 21.7% to 1.056 billion gallons, the company reported June 30.

Aug 01 - Saudi Arabia's HSFO demand increases pressure on tight supply in Europe
Strong demand for high sulfur fuel oil from Saudi Arabia has increased pressure on the European 3.5%S fuel oil market as it readjusts to the realities of coronavirus and life post-IMO 2020.

VLCC market to stay supported amid coronavirus outbreak: International Seaways

"Cargoes are still moving and the liftings are still happening," Zabrocky said. In Full »

INTERVIEW: Mercuria subsidiary Minerva Bunkering starts operations at Fujairah

"Between our bunker tankers and the storage terminal, we think we're logistically well positioned," Baron said. In Full »

TANKERS: Panama Canal to decrease maximum allowable draft to 45.5 ft

The ACP said that the change is based on the present and projected level of the Gatun Lake for the upcoming weeks. In Full »

Singapore LSFO prices have hit bottom, but sustained demand unlikely before April: traders

"We have received more inquiries in the last two trading days than when prices were low last week," a bunker supplier said. In Full »

All transport needs to be decarbonized to hit EU's Green Deal target: consultancy

If the European Commission is to achieve its 2050 net-zero ambitions then all transport needs to be fully decarbonized, including aviation, consultancy Transport and Environment said Wednesday. In Full »

Big Oil's resistance to coronavirus-led price drop set to be tested

Oil majors are likely to keep investment plans intact in the coming months but could have to reassess should oil prices drop well below $50/b for a sustained length of time, according to analysts. In Full »

EC sets out climate law to hit net zero emissions by 2050

The European Commission unveiled Wednesday its legislative proposal to enshrine in law a goal to reduce the greenhouse gas emissions to net zero by 2050. In Full »

Saudi-led coalition in Yemen says it foiled oil tanker attack in Arabian Sea

The Saudi-led coalition in Yemen fighting Iranian-aligned Houthi rebels said Wednesday it had foiled an attack on an oil tanker in the Arabian Sea by four remote-controlled boats. In Full »

Open interest for ICE March Singapore HSFO swap contracts rises 18% on month in Feb

Total open interest for the March Singapore high sulfur fuel oil swap contracts traded on the Intercontinental Exchange rose 18% month on month to 6.13 million mt as of February 28, data from the exchange showed this week. In Full »

Weak European refining margins prompt run cuts, crude values slide

In Full »

Gazprom Neft boosts IMO 2020-compliant marine fuel sales by 47% in 2019

Russian oil major Gazprom Neft sold around 350,000 mt of IMO 2020-compliant marine fuel in 2019, about 47% higher than 2018's level, the company said in a press release.