Freight News

Mar 03 - U.S. coffee roasters weigh price increases, cite shipping inflation
Coffee processors in the United States, the world's largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon. Mid-sized and smaller roasters, particularly specialty coffee companies, have been hit hardest, company executives said, but even larger companies such as Peet's and JM Smucker Co say they are coping with higher costs.

Mar 02 - Nigeria's Dangote refinery to start up in Jan 2022, set to be largest in Africa
Targeting mechanical completion by end-2021. Refinery will reduce Nigeria's reliance on fuel imports. Project has been repeatedly delayed since 2013

Mar 02 - LNG bunker barge arrives at Port Canaveral amid growing interest
LNG bunkering demand could grow to 9 million mt by 2025. Range of future fuels is likely: Platts Analytics

Mar 02 - Neste scales up renewables business with acquisition of Bunge's plant in Rotterdam
Deal to boost Neste's feedstock processing capacity. Facility linked to Neste's existing biodiesel plant. Eyes 4.5 mil mt/year renewables capacity by Q1 2023.

Mar 02 - LPG-fueled tankers gain momentum, 54 tankers ordered globally: JLPGA chairman
LPG-fueled tankers are gaining momentum as the LPG industry's response to use cleaner fuels for shipping, with a total of 54 LPG-fueled tankers are being ordered to be built globally, Tsuyoshi Ogasawara, chairman of the Japan LP Gas Association said March 2.

Mar 02 - Russian refineries spring turnarounds start in March
Russian refineries, especially bigger ones, increased their runs slightly in February as refinery economics improved and the Russian authorities recommended higher throughput for higher gasoline stocks.

Mar 02 - Thailand's Precious Shipping advances decarbonization, explores ammonia potential
The IMO's GHG emissions targets "are eminently achievable targets," Hashim said.

Mar 02 - BW LPG expects VLGC market to stay under pressure in Q2 2021
Despite the recent correction in VLGC rates, "we continue to hold a positive outlook for the medium term VLGC market," BW LPG said.

Mar 02 - Container rates to Europe from North Asia hit fresh all-time highs
"Look at the impact the vaccine is having, we are going to ease restrictions across Europe by summer," a carrier source said.

Mar 02 - Petroleum sector looks to build on carbon capture for more 'carbon-neutral' oil
Oxy said it expects to begin delivering net-zero oil from direct air capture to customers in 2024.

Mar 02 - Fujairah delivered 380 CST bunker drops to 7-month low on subdued demand
"We have dropped out for now [in supplying HSFO]. Market was not healthy enough," a bunker supplier said.

Mar 02 - Denmark's Torm adds eight tankers to its fleet, banks on 2021 recovery
Torm agreed to buy eight 2007-12 built medium-range tankers for a total cash consideration of $82.5 million.

Mar 02 - Russia approves tax refund mechanism aimed at boosting refinery upgrades
The government expects that the refund could lead to the construction of around 30 units in the next 6-10 years.

Mar 02 - Shell plans bio power-to-liquids project at Rheinland refinery
Construction for the expanded electrolyzer project, Refhyne II, could start 2022 pending a final investment decision.

Mar 02 - Med 0.1% gasoil at six-month low after new Egyptian refinery adds supply
The Mediterranean 0.1% gasoil cargo market's relative value has fallen to a six-month low on weak demand from North Africa because a new refinery in Egypt has started adding local supply, sources said.

Mar 02 - UK Feb diesel imports rise 40% on month: Kpler
The UK imported 821,732 mt of diesel in February, up 40% from January but 6.1% lower year on year, according to data from commodity information company Kpler.

Mar 02 - Colombia accelerating reforms to attract investment in clean energy generation
The government of Colombia is accelerating the design of important reforms to attract foreign direct investment in clean energy generation so that the country can develop its solar and wind resources, President Ivan Duque Marquez said March 1 on the opening day of CERAWeek by IHS Markit.

Mar 02 - Brazil's Petrobras to increase diesel, gasoline prices by 5%, effective March 2
Brazilian state-led oil company Petrobras increased domestic diesel, gasoline and LPG prices at the refinery gate, effective March 2, in a move that continued a string of price hikes to start 2021 as the company scrambles to maintain parity with imports amid rising oil prices, the company said March 1.

Mar 02 - USGC middle distillate shipments to Europe at 80,000 mt in March so far: cFlow
Around 80,000 mt of US Gulf Coast middle distillates are set to arrive in Europe in March so far, with one 40,000 mt cargo sent in the seven days to March 2, according to to cFlow, Platts trade flow software, despite weather-related refining outages on the US Gulf Coast.

Mar 02 - Open interest for LSFO continues to rise in Feb; HSFO dips
Combined open interest on the forward curve for low sulfur fuel oil futures contracts continued its upward trajectory in February, setting a new record for the sixth consecutive month, while combined open interest on the forward curves for high sulfur fuel oil moved in the opposite direction, data from the Intercontinental Exchange showed March 2.

Mar 02 - Chinese demand recovery hopes fade for Atlantic Basin crude sellers
With barrels of crude oil that will arrive in China in May now changing hands, hopes that demand from its refiners for African and European crude would tick higher following spring maintenance may have been premature.

Mar 02 - ADNOC sees oil consumption returning to pre-pandemic levels by end-2021
CEO sees current global demand at 94 mil-95 mil b/d. Jaber bullish on future oil demand amid energy transition. ADNOC touts its 'low-cost, low-carbon' model.

Mar 02 - Global carbon emissions from energy rise 2% in December: IEA
Increase driven by recovery, lack of clean energy policies. Many economies seeing emissions exceed pre-COVID-19 levels. Not enough being done to accelerate energy transition: Birol

Mar 02 - European fuel oil swaps volume traded in Platts MOC up 55% on month in Feb
85,000 mt of fuel oil derivatives traded in London MOC. BP largest buyer with eight completed trades.

Mar 02 - Japan's ENEOS to raise weekly wholesale oil product prices by Yen 2,000/kl: sources
ENEOS' domestic rack prices typically follow trends in crude procurement costs rather than movements in global product prices, industry sources said.

Mar 02 - Shanghai/Zhoushan bunker market expected to firm on turnaround, strong demand in Mar
Chinese refineries going under maintenance. Costs of imported bunker fuel higher than domestic.

Mar 02 - Mediterranean Handysizes reach 10-month high amid tonnage tightness
Freight rates reach 10-month high. Charterers fix forward amid weather expectations.

Mar 01 - VLCC fixtures fail on North Sea-to-East run as demand fails to materialize
VLCC fixtures fail on North Sea-to-East run. Muted buying demand from East amid refinery maintenance. Freight rates under pressure as cargoes withdraw.

Mar 01 - VGO loadings from Russia's Tuapse flat on month at 120,000 mt in March
Four cargoes to be shared by Gunvor, Petrocas, Tupras. HSVGO prices heard lower.

Mar 01 - FOB Singapore physical fuel oil traded volumes fall 75% amid easing N. Asian utilities demand in Feb
There was quite a bit of demand for both products (high sulfur and low sulfur fuel oil) from the power sector in both Sri Lanka and North Asia in January; by February, the cold snap in North Asia which sustained some demand for LSFO previously, ended," said a Singapore-based trader.

Mar 01 - March-arrival LSFO arbitrage volumes in Singapore seen higher at 3 mil mt: traders
"[Floating storage] stock levels have been going down for a while, and the first half of March is looking tighter than the second half, hence the step up in imports; also the Asia price is still better than other regions," a trader in Singapore said.

Feb 26 - Crude slides on stronger dollar; market eyes OPEC+ supply boost
Crude oil futures finished the week sharply lower as a stronger dollar and expectations of rising global supply continued to pull prices off 13-month highs seen earlier this week.

Feb 26 - Energy services group WFS 2020 marine sales volumes fall 16% on year
Profitability also drops on year. 2021 macro outlook more bullish

Feb 26 - Ship suffers explosion in Gulf of Oman:
UK maritime authority
A marine vessel in the Gulf of Oman has suffered an explosion, UK Maritime Trade Operations said in an advisory Feb. 26.

Feb 26 - Japan January oil products sales rise 3.3% on year, first in 16 months
Fuel oil sales surged 43.1% on the year to 179,585 b/d in January when local refiners supplied 751,109 barrels of crude oil for power generation in the month, nearly double from 429,323 barrels in December.

Feb 26 - Severe cold spells bolster Japan's heating oil, power fuel demand in Jan

Increased fuel oil, crude supply for power following emergency request. Rare imports of direct-burning crude oil from Southeast Asia. Kerosene imports surge 62%; fuel oil imports triple on year

Singapore's MPA awards third LNG bunker supplier license to Total Marine Fuels
License awarded for five year term starting Jan. 1, 2022. Move aims to bolster LNG bunkering volumes in Singapore. LNG offers a transitional pathway to decarbonization

Feb 26 - Teekay looking to oil demand hopes, lean order book for 2021 freight recovery
Oil demand to rise 5.5 million b/d in 2021. Total global fleet order book at a 24-year low. Regulatory, financial woes stifle newbuild inquiry

Feb 26 - Japan Jan oil product exports drop 29% on year to 385,698 b/d
Japan's oil product exports dropped 29% year on year to 385,698 b/d, marking the 11th consecutive year-on-year decline in monthly exports, according to preliminary data released Feb. 26 by the Ministry of Economy, Trade and Industry.

Feb 26 - Libyan oil exports set to rise slightly on month in March:
Libyan crude and condensate exports will rise to 33.53 million barrels in March, up from 31.58 million barrels this month, as flows from the eastern port of Marsa el-Hariga fully return to the market, according to estimates compiled by S&P Global Platts using data from shipping and trading sources.

Feb 26 - India's Reliance Jan runs at 96%
India's Reliance Industries Ltd recorded a combined run of 96% at its two refineries at Jamnagar in January, down from 99% a year earlier, oil ministry officials said Feb. 26, confirming that the complex was still to attain pre-pandemic levels.

Feb 26 - Texas, Midwest refiners thaw out their plants after polar vortex
US refiners are restarting their plants after the recent deep freeze stretching from the Texas Gulf Coast north through the Midwest impacted refinery operations across a broad swath of the country.

Feb 26 - Singapore Jet fuel, gasoil stocks hits 12-week high on ballooning backlog
Singapore's onshore gasoil, jet fuel and kerosene stockpiles grew for the fourth consecutive week to hit a 12-week high in the week to Feb. 24 as unviable East-West arbitrage economics continue to trap surplus barrels in the city-state, showed Enterprise Singapore data released late Feb. 24.

Feb 26 - European ULSD imports from East at 380,000 mt in February: cFlow
Around 380,000 mt of ULSD arrived in Europe from East of Suez markets in February, with 200,000 mt of arrivals in the seven days to Feb. 26, S&P Global Platts' trade flow software cFlow showed.

Feb 26 - Venezuelan crude production grows moderately in February to average 570,000 b/d: report
The average crude output by Venezuela's state-owned PDVSA and its foreign partners rose to 570,000 b/d in February, or 50,000 b/d more than January and 120,000 b/d above the December average, according to daily production reports reviewed by S&P Global Platts.

Feb 26 - NWE 1% fuel oil crack spread rebounds following early week pressure

1% crack spread shrugs off weakness. Asian fuel oil arbitrage still open: trade.

Fev 26 - The Long Trail - after months at sea over infection worries, Spanish cattle ship returns to port
A shipload of Spanish cattle that had been drifting for months due to concerns over the bovine bluetongue disease docked in Spain on Thursday, the government said, but the fate of the animals remains unclear.  The Karim Allah left the Mediterranean port of Cartagena on Dec. 17 carrying 895 cattle destined for sale in Turkey. A second ship, the ElBeik, set sail the next day from Tarragona with a cargo of nearly 1,800 cows.

Feb 25 - Texas freeze boosts USGC Aframax freight rates to nine-month highs
The extreme cold temperatures that hit Texas the week started Feb. 14 caused port closures that locked up tonnage and provided a silver lining for shipowners, already struggling with rates beneath the w100 psychological mark since May 2020 due to low demand for shipping crude following production cuts.

Feb 25 - Group 3 ULSD spikes beyond five-year high amid refinery outages
The Group 3 ultra low sulfur diesel market, commonly referred to as X grade, jumped on Feb. 25, increasing more than 5 cents/gal to hit an over five year high following Winter Storm Uri which caused multiple refinery outages across the continental US.

Feb 25 - Peninsula joins Society for Gas as a Marine Fuel
Bunker supplier Peninsula Petroleum, which said Feb. 4 it was adding LNG bunkering to its portfolio of offerings, has joined the Society for Gas as a Marine Fuel, the society said.

Feb 25 - USGC marine fuel 0.5%S, low-sulfur feedstocks rise to 13-month highs following winter storm
Both finished VLSFO and blending components such as LSVGO and LSSR have seen a run-up in outright prices and crack spreads following refinery outages in Texas that have made a tight supply situation more dire.

Feb 25 - ADNOC buys 6 VLCCs to support trading business, oil capacity ramp-up

Feb 25 - Downtrend persists in VLGC rates; fleet expected to see growth in 2021, 2022
Market hopes rates may hit bottom as US LPG loading resumes. But slow Asian LPG demand offsets any supply recovery. Lower Saudi exports impact Middle East shipping activity.

Feb 25 - Robust LSFO margins continue to lift Australia's Vincent crude to fresh record

Market participants attributed the uptick to fewer low sulfur fuel oil arbitrage volumes arriving in Singapore, resulting in a drawdown in stocks as demand remained steady.

Feb 25 - Shanghai marine fuel 0.5%S discount to Singapore gasoil widens on
end-month sales
Suppliers need to cut prices to increase sales so as to hit their monthly targets, a source said.

Feb 25 - Sth Korea Jan gasoil demand slips 10% on month to nine-month low
South Korea's gasoil demand fell 10.42% on the month in January to 12.96 million barrels, a nine-month low, latest data from the Korea National Oil Corporation showed, as the outbreak of coronavirus infections in the month continued to exert downward pressure on consumption levels.

Feb 25 - USGC, European feedstocks hit one-year highs on crude strength, winter storm
US Gulf Coast and European refinery feedstocks hit multi-month highs midweek on the back of recent refinery outages in the Gulf Coast region.

Feb 25 - ARA diesel, gasoil stocks rise 1% on week to 2.6 mil mt on weak barge demand
Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp hub rose 1% week on week to 2.6 million mt in the week to Feb. 25, according to Insights Global data, as ample inland availability for both diesel and gasoil hampered demand for FOB ARA barges, sources said.

Feb 25 - South Korea's gasoil exports fell 30.6% year on year to 11.92 million barrels in January, a more than seven-year-low, latest data from the Korea National Oil Corp. showed Feb. 25, with industry sources attributing the lower outflows to still shaky regional demand caused by pandemic-induced lockdowns and mobility restrictions.

Feb 25 - Brazil's fuel-price debate worries potential Petrobras refinery investors:
Brazil's debate over state-led oil company Petrobras' role in setting domestic fuel prices has potential refinery investors worried, but nobody has backed out of the process to sell eight of the company's 13 operated refineries, CEO Roberto Castello Branco said Feb. 25.

Feb 25 - Port of Corpus Christi partners with Rotterdam for more crude connections, tech sharing
The United States' leading oil-export hub is partnering with Europe's largest port to improve crude connectivity and technology sharing.

Feb 25 - Japan Feb 14-20 oil product exports drop 51.8% to 1.21 mil barrels
Low sulfur fuel oil exports slid 10.6% week on week to 243,882 barrels in the week to Feb. 20, with high sulfur fuel oil exports sliding 24.8% on the week to 326,615 barrels.

Feb 25 - Hit by Brazil shipment delays, Chinese soybean crushers forced to shrink output 
Chinese soybean crushers are expected to curtail operations sharply in the coming months due to harvest delays in top exporter Brazil, pushing up prices and likely leading to a rundown in inventories. The shortage will be widely felt and probably last till at least mid-April, analysts, crushers and traders told Reuters.

Feb 25 - Singapore port authority backs project to use ammonia as marine fuel 
The Maritime and Port Authority of Singapore (MPA) has joined an industry-led project to advance the use of ammonia as a marine fuel to reduce carbon emissions, it said on Wednesday. Norwegian chemical company Yara International ASA has also joined the so-called Castor Initiative and the pair will work with existing members including Lloyd's Register, Samsung Heavy Industries and MAN Energy Solutions to develop ammonia propulsion ships, the MPA said in a statement.

Feb 25 - Rotterdam port traffic sees biggest drop in volumes in decade in 2020 
Freight volumes in the Port of Rotterdam fell 6.9% in 2020 because of the coronavirus crisis, the biggest drop in about a decade but smaller than had been expected, Europe’s largest sea port said on Friday. The port's Chief Executive Allard Castelein told reporters he expected a recovery that began in the second half of 2020 to continue this year but said throughput was not expected to reach pre-crisis levels in 2021.

Feb 25 - Argentine barley exports to China smash records amid Australia spat 
Argentina's barley exports to China are set to soar to a record 1 million tonnes in 2021, industry sources and sales data show, as Beijing looks beyond its traditional top supplier Australia amid a lengthy diplomatic standoff between the two countries. The sales bonanza, revealed by industry sources in Argentina and China, underscores how the South American grains powerhouse is plugging the supply gap that opened last year after diplomatic tensions led China to slap a 80.5% tariff on Australian barley.

Feb 25 - Saudi Arabia to import 355,000 tonnes of wheat from Saudi-owned farms 
Saudi Arabia's state grain buyer SAGO said on Monday it has agreed to import 355,000 tonnes of wheat at an average price of $330.04 per tonne from Saudi Arabian-owned farms in Australia, Canada and Ukraine for delivery from May to December 2021. SAGO had not issued an international tender for wheat.

Feb 24 - Singapore March-April gasoil timespread continues to narrow on growing supplies
The Singapore March-April 10 ppm sulfur gasoil timespread has slipped from recent highs as trade sources pointed to the near-term possibility of increased spot availability thanks to a rise in outflows from key supplier China, as well as expectations of higher run rates at regional refineries amid improving margins for the middle distillate.

Feb 24 - NWE fuel oil Hi-5 crack spread widens on diverging fundamentals
The crack spread between Northwest European 0.5%S marine fuel and 3.5%S fuel oil has widened over recent weeks with the former hitting a year high and the latter a nine-month low as market fundamentals diverged.

Feb 24 - Trefoil returns to supplying HSFO bunker post-IMO 2020
Trefoil, a marine fuel supplier in Northwest Europe, recently returned to supplying 3.5% sulfur fuel oil of RMG and RMK grades on the back of demand revival post-IMO 2020, the company said in a statement Feb. 24.

Feb 24 - Algeria records higher 2020 runs; construction starts in Congo
Refinery maintenance in Africa is fairly limited. Construction is starting on a new plant in Congo, with more news emerging on upgrades in Nigeria.

Feb 24 - Crude retreats on bearish API data
"Crude prices are stabilizing as the relentless commodity supercycle rally takes a break," Moya said.

Feb 24 - Fujairah Oil products stocks rebound on big gains in heavy, light distillates
Refinery outages in Bahrain, Saudi Arabia. Robust gasoline demand from Africa. Heavy distillates climb 16% to 5-week high.

Feb 24 - Bunker fuels in New Orleans rise to their highest levels in more than a year
"Tight avails...taking everyone longer to get into terminals to reload," a market source said.

Feb 24 - Midwest diesel market surges to over 3-year high as supply routed to USGC
The Midwest diesel market surged Feb. 23 as barrels were routed back into the US Gulf Coast because of numerous refinery outages.

Feb 24 - European oil demand markers creep higher as COVID-19 infection rates slide
European oil demand markers are showing signs of a gradual recovery, with air traffic and land-based mobility improving amid a marked slowdown in the pace of COVID-19 infections.

Feb 24 - Oil in floating storage at one-year low as market strengthens
The volume of crude oil and condensate in tankers worldwide has fallen to a one-year low as the market's recovery gathers pace, and with a strongly backwardated structure in the Brent crude market discouraging storage.

Feb 24 - Colombia's Ecopetrol to triple Permian Basin investment this year to $600 million
Colombia's state-controlled Ecopetrol plans to triple its investment in the US' Permian Basin this year to $600 million, in a sign of its increasing focus on foreign projects given stagnant domestic growth.

Feb 24 - US crude stocks climb as Texas freeze pushes refinery demand to 12-year lows
US crude oil inventories climbed during the week ended Feb. 19 as severe winter weather across the Southern states pushed refinery demand to 12-year lows, US Energy Information Administration data showed Feb. 24.

Feb 24 - Mexico's changes to power rules could hurt competitiveness, ability to meet commitments
Recent electricity sector rule changes in Mexico approved by the lower House of Congress will hurt the country's competitiveness while making it harder to meet its international environmental commitments, observers told S&P Global Platts.

Feb 24 - Winter weather sends weekly US crude exports tumbling
The winter weather that crippled power and water infrastructure throughout Texas over the week ended Feb. 19 also sent weekly US crude exports tumbling 1.55 million b/d on the week to a five-week-low of 2.314 million b/d, data from the US Energy Information Administration showed on Feb. 24.

Feb 24 - Clean tanker owners feel bunker pressure from trans-Atlantic trade
Adverse weather conditions in the Atlantic have forced both Medium Range and Long Range clean tankers to slow steam for both cargo shipments and ballast journeys, burning higher volumes of bunker fuel over longer periods and placing increased downward pressure on earnings as a result.

Feb 23 - Brazil to require fuel sellers to detail price composition after price backlash
Brazil's government issued a decree forcing service stations and fuel distributors to publish the composition of retail diesel and gasoline prices, delineating wholesale prices, state and federal taxes on receipts, according to the notice published Feb. 23 in the Federal Register.

Feb 23 - ARA 0.1% gasoil barges hit 14-week low on inland refinery supply
Premiums for 0.1% gasoil barges in the Amsterdam Rotterdam Antwerp trading hub have fallen to their lowest level since November as large volumes were being offered by inland German refineries at prices competitive with ARA imports, reducing demand for the latter, market source said.

Feb 23 - India Jan gasoil output rises 3% to 18-month high on higher refinery runs
India's gasoil production in January climbed 3.06% from December to an 18-month high amid a rise in refinery run rates and improving margins.

Feb 23 - Panama Canal weighing additional compensation for canceled LNG bookings

The Panama Canal Authority is considering seeking greater compensation for canceled bookings during peak seasonal demand periods, as it works to add a third daily reserved transit slot for LNG vessels to ease congestion, Administrator Ricaurte Vásquez Morales said in an interview Feb. 23.

Feb 23 - Brazil oil workers, Bahia senator team to block Petrobras refinery sale
Brazil's Oil Workers' Federation and Sen. Jaques Wagner of Bahia state teamed up to file a lawsuit aimed at disrupting the sale of a refinery operated by state-led Petrobras' in the state to Abu Dhabi's Mubadala Investment Co. for $1.65 billion, the federation, also known as FUP, said Feb. 22.

Feb 23 - RBOB cracks rally as USGC refiners see extended outages
Gasoline cracks rebounded Feb. 23 as US refiners continued to operate at reduced capacity in the wake of last week's deep freeze.

Feb 23 - Gasum to supply LNG to ferry operator Wasaline, build new Finnish LNG terminal
Deal envisages biogas supply further. LNG may meet IMO goals for 2030 but not 2050

Feb 23 - ExxonMobil's Rotterdam plant plans March works
ExxonMobil's Rotterdam refinery is planning maintenance work in March, according to market sources. The duration or the extent of works was not confirmed.

Feb 23 - NWE high sulfur fuel oil crack hits nine-month low
The Northwest European 3.5% sulfur fuel oil crack has fallen to its lowest since last May, with the reports of tight supply that had supported the grade last year now fewer and further between, sources said Feb. 23.

Feb 23 - First wave of European hydrogen investment seen in 2022: Enagas
EU regulation likely ready by end-2022: Llarden. Enagas, Entso-e partners' input invited. First wave of projects seen likely 2024-26

Feb 23 - Maersk Tankers, Cargill launch bunker procurement partnership
Analysis of combined data to lend competitive edge.Partnership will provide access to future fuels.

Feb 23 - India January refinery run rate up on month at 103%
Average capacity utilization for all categories of refineries in India rose to 103% in January from 99% in December, an oil ministry survey found, reflecting an improvement in domestic demand as Asia's third-largest economy returned to normalcy after a COVID-19 lockdown.

Feb 23 - Sinopec Hainan plans to export 120,000 mt oil products in Feb

State-owned Sinopec's 184,000 b/d Hainan Petrochemical refinery in southern China plans to export about 120,000 mt of refined oil products in February, up from 90,000 mt planned for January, a refinery source said Feb. 23.

Feb 23 - JAX LNG, TOTE complete first ship-to-ship LNG bunker operation of foreign-flagged vessel
According to JAXPORT, 1,800 cu m of LNG was moved from the Clean Jacksonville.

Feb 22 - ICE LSGO futures net speculative length at fresh 13-month high
Speculative net long positions in ICE low sulfur gasoil futures rose 967 contracts to 101,943 in the week to Feb. 16, a fresh 13-month high, according to ICE data on Feb. 22.

Feb 22 - EU refineries, business look for ways to achieve carbon neutrality
EU refineries and businesses are looking for various ways to address the carbon neutrality that the EU is targeting for 2050, but liquid fuels will remain in use, according to delegates of the 10th EU refining forum.

Feb 22 - Indian Jan fuel oil exports jump 133% amid higher LSFO production, imports fall 21%
India's fuel oil exports in January rose 133% on the month to 112,000 mt, latest data from the country's Petroleum Planning and Analysis Cell showed, as improving low sulfur fuel oil margins incentivized more production, refining sources said.

Feb 22 - Crude tests fresh highs amid US refinery restart, weaker dollar
Crude oil futures surged nearly 4% to settle at 13-month highs Feb. 22 as US refineries began to restart in the wake of severe weather across the southern US last week.

Feb 22 - Pavilion Energy, Chevron ink LNG supply agreement for Singapore to promote lower-carbon future
Each LNG cargo delivered under this agreement will be accompanied by a statement of its GHG emissions, the companies said.

Feb 22 - Clean tankers poised for freight jump amid improving pandemic conditions: Scorpio Tankers
Bugbee said the Asian clean tanker market could likely see significant upward movement upon return from Lunar New Year.

Feb 22 - Iran wants US to remove sanctions before nuclear talks to clear more crude
Araghchi also said Iran is studying a proposal by EU foreign policy chief Josep Borrell to hold an "informal meeting with the US as a guest."

Feb 22 - Bunker fuel market vexed by many hurdles even after COVID-19 recovery: sources
Average quality of VLSFO barrel may fall after oil demand improves, sources said.

Feb 22 - Panama sales of MF 0.5%S, high sulfur bunker fall in Jan, MGO sales increase
The Maritime Authority's data shows sales of HS IFO 380 fell 5.6% in January month-on-month to 70,597 mt.

Feb 22 - India Jan gasoil exports fall 12% on month
India's gasoil exports in January eased from a three-month high reached the previous month as a rise in coronavirus cases during the winter as well as the discovery of new variants of the virus squashed demand from international buyers.

Feb 22 - USGC middle distillate shipments to Europe at 215,000 mt in Feb so far: cFlow
Around 215,000 mt of US Gulf Coast middle distillates are set to arrive in Europe in February, with one shipment of around 40,000 mt having been sent in the seven days to Feb. 22, according to cFlow, Platts trade flow software.

Feb 22 - Americas Bunkers Key market indicators Feb 22-26

Spot bunker fuel prices were impacted by winter weather in the US Gulf Coast during the week of Feb. 15-19, leading to rises in some ports in the Americas, such as Balboa, and slight changes in others.

Feb 22 - PetroEcuador shuts Esmeraldas No. 2 catalytic unit
Ecuador's PetroEcuador said it shut the refinery's No. 2 catalytic cracking unit on Feb. 21 for 40 days of maintenance.

Feb 22 - India January oil product exports down 4.8% on year to 1.1 million b/d
India's exports of refined oil products fell 4.8% year on year to 4.4 million mt, or 1.1 million b/d, in January, provisional data from the Petroleum Planning and Analysis Cell showed Feb. 22.

Feb 22 - Beaumont, Corpus Christi refineries beginning restarts as Houston area lags behind
Major crude oil refineries in Texas' Baytown, Beaumont-Port Arthur and Corpus Christi areas began restarting operations Feb. 21 and Feb. 22, while the rest of the Houston region's refining complex is taking longer to rebound after more prolonged power outage issues during last week's Texas freeze.

Feb 22 - Brazil's Bolsonaro sends Petrobras into turmoil after CEO swap, price dispute
Analysts and investors Feb. 22 decried a move by Brazil's president to replace the CEO of state oil company Petrobras, claiming the move was made for political reasons.

Feb 19 - ARA diesel, gasoil stocks fall 3.7% on week to 2.6 mil mt on US product pull: Insights Global
Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp hub fell 3.7% to 2.57 million mt in the week to Feb. 18, according to Insights Global data, as an open arbitrage to the US in the first half of the week saw a flurry of trans-Atlantic cargo fixtures.

Feb 19 - Singapore Residue stocks fall 7.74% to 19.38 mil barrels on higher fuel oil exports
Singapore's commercial onshore residue stocks declined 7.74% to 19.379 million barrels, or 3.05 million mt, in the week to Feb. 17 from a week earlier amid a pickup in fuel oil exports over the same period, Enterprise Singapore data showed Feb. 18.

Feb 19 - Argentina's Vaca Muerta fracking activity hits 17-month high in January

Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to data released Feb. 3, as demand recovers from an eight-month lockdown for the coronavirus pandemic and pricing incentives spur drilling for natural gas.

Feb 19 - NWE 1% fuel oil prompt backwardation weakens significantly

The backwardation between the front-month 1% sulfur FOB Northwest Europe fuel oil cargo market and the second month has narrowed significantly over the last week, amid softening demand for arbitrage deliveries eastward.

Feb 19 - Bunkerworld Index: Prices rise further with crude after cold Texas weather
The S&P Global Platts Bunkerworld Index extended its recent rise this week as cold temperatures in Texas hit production of refined oil products, though analysts expect sentiment to soften in the coming week.

Feb 19 - USGC diesel market surges in winter storm aftermath
US Gulf Coast diesel prices pushed higher again Feb. 19 as the market continued to deal with tight supply and logistic constraints after a winter storm earlier in the week.

Feb 19 - Low demand for Latin American refined products offsets USGC outages
: sources
Pandemic-induced low demand for refined products throughout Latin America helped the region ignore refinery outages so far this week on the US Gulf Coast, its largest source of supply, sources said Feb. 19.

Feb 19 - VLSFO prices fall in Fujairah as US-Iran relations thaw
Delivered marine fuel 0.5% sulfur prices in Fujairah fell more than $10/mt on news that US President Joe Biden's administration was rescinding the re-imposition of UN sanctions on Iran last September by the Trump administration.

Feb 19 - IEnova says to start commercial operations of four refined products terminals in 2021

IEnova is planning to bring six infrastructure projects into commercial operation in 2021, including four refined products terminals, for which it has a total budget of $650 million this year, executives said Feb. 19

Feb 19 - ARA fuel oil stocks edge lower on week to 1.658 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, edged 1.1% lower to 1.658 million mt in the week to Feb. 17, following an 18% rise the previous week.

Feb 19 - Brazil to cut all federal taxes on diesel for 2 months
: Bolsonaro
Brazil will cut federal taxes on diesel to zero for two months starting March 1 amid an ongoing debate over domestic diesel and gasoline prices that could lead to changes at the state-led oil company Petrobras, President Jair Bolsonaro said in his weekly webcast Feb. 18.

Feb 19 - Winter blast cripples production, processing capacity, refineries across Texas

The record-low temperatures sprawled across the Central and Southern US over the past week not only lead to large-scale production freeze-offs at wellheads, but also exposed the threat bitter cold has on natural gas processing plants and oil refineries.

Feb 19 - RINs spike amid gasoline, ULSD import bookings
Prices for renewable identification numbers, or RINs, spiked during morning trading Feb. 19 amid talk of gasoline and diesel imports into the US to cover shortages due to Gulf Coast refining capacity that was knocked offline by recent winter weather.

Feb 19 - Brazil's slow soybean harvest widens U.S. export window 
Harvesting delays in Brazil, the world's top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders. Sustained demand for U.S. soybeans is accelerating an historic drawdown of U.S. supplies of the oilseed and could further drive up soybean prices at a time of rising food inflation as countries hoard staples during the pandemic.

Feb 19 - Maersk aims for carbon-neutral container shipping in 2023 
Shipping group Maersk said on Wednesday it would accelerate plans to decarbonise sea-borne container shipping by putting the world's first vessel powered by carbon-neutral fuel into operation in 2023, seven years ahead of its original plan. The shipping industry, which carries around 80% of global trade and accounts for around 3% of global carbon emissions, pledged last year to have ships and marine fuels with zero carbon emissions ready by 2030

Feb 19 - Some 3,000 Brazil grain trucks stranded outside Northern transshipment station - Abiove 
Thousands of trucks loaded with grains for export are stranded close to a cargo transshipment station located on the Tapajós river as Brazil begins to haul its new soy crop through northern ports, according to oilseeds trade group Abiove on Saturday. The line with roughly 3,000 trucks formed on an unpaved 7-kilometer stretch of the BR-230 highway on the west of the Amazonian state of Pará, Abiove told Reuters.

Feb 19 - Britain's wheat imports accelerate during December 
Britain's wheat imports rose in December and are running at more than double last season's pace, customs data showed on Friday. Wheat imports for the month totalled 332,458 tonnes, up from 208,948 tonnes in November. Germany was the largest supplier in December, shipping 136,083 tonnes, followed by Denmark with 103,121 tonnes.

Feb 18 - Bullish crude draw offset by returning crude volumes, vaccine delays
Crude oil prices dipped on Feb. 18 as a bullish draw in commercial crude oil inventories and a spike a US oil exports were offset by returning domestic production volumes and coronavirus vaccine rollout delays triggered by the long freeze in Texas and neighboring states.

Feb 18 - IMO's norms on cutting carbon in merchant ships likely from Oct 2022
The draft amendments to the International Maritime Organization's mandatory rules on reducing carbon emissions in all ships globally, if adopted, are likely to be implemented from October next year and will be applicable to the world's entire commercial fleet, the IMO said Feb. 18.

Feb 18 - LNG Bunker Weekly: Ammonia slated as alternative fuel for gas carriers; Maersk to launch 2,000 TEU methanol vessel in 2023
As international shipping gears up for the International Maritime Organization's greenhouse gas emission cut targets, ammonia's use as an alternative fuel for ships is likely to gain momentum, with gas carriers expected to be early adopters, industry experts told S&P Global Platts.

Feb 18 - Global crude supplies set for quality shift as OPEC+ unwinds pandemic cuts
Oil supplies from OPEC and its key producer allies are set to begin flooding back to the market this year, triggering a shift in global crude quality which could bring welcome relief to swathes of embattled refiners struggling to turn a profit in the wake of the pandemic-trigged demand collapse.

Feb 18 - Singapore Jan bunker sales steady on year, up 5% from Dec
This represents the highest volume of monthly sales that the world's largest bunkering destination has notched up since January 2020.

Feb 18 - Ammonia in a sweet spot to meet shipping's decarbonization objectives: experts
The phrase being "ammonia ready" is already gaining recognition globally, Brown said.

Feb 18 - Global hydrogen projects accelerating with $300 billion proposed investment
: report
Hydrogen initiatives are accelerating globally, the Hydrogen Council said Feb. 17 in a report coauthored with consultancy McKinsey.

Feb 18 - Norway's Statkraft partners with Yara, Aker on 450 MW green H2 to ammonia project
Norwegian power utility Statkraft has signed a Letter of Intent with chemical company Yara and clean hydrogen company Aker Horizons to establish Europe's first large-scale green ammonia project in Norway, incorporating 450 MW of electrolysis, the state utility said Feb. 18.

Feb 18 - Singapore delivered marine fuel 0.5%S premium surges to 7-month high on tight barges
Market sources attributed the steep climb in prices to a shortage of barges and loading congestion for prompt dates.

Feb 18 - Asian refiners shrug off crude allocation cuts as focus turns to surplus oil products
The cut reflects OPEC's strong commitment to curb supply through the first quarter.

Feb 17 - US Gulf Coast bunker market waits out winter storm
US Gulf Coast retail bunker prices edged slightly higher Feb. 17, as suppliers in the region deal with harsh winter weather.

Feb 17 - More refineries in Europe to produce cleaner fuels
Essar Oil UK and Austria's OMV have recently announced new projects, which will be focused on producing cleaner fuels.

Feb 17 - Fuel price rises could result in wider bunker sector quality issues: KPI OceanConnect
Marine fuel quality issues could begin to surface again this year as the price of fuel and blending components begins to rise again, marine fuel supplier KPI OceanConnect warned in a 2021 sector outlook published this week.

Feb 17 - Piraeus continues bunker operations despite snow: sources
Bunker operations at the Greek port of Piraeus were not impacted despite cold weather conditions, market sources said Feb. 17.

Feb 17 - Complex settles higher on crude output, refinery losses
Oil futures continued to rise Feb. 17 as continued frigid weather and power outages took a toll on crude production and refinery operations, mostly in Texas.

Feb 17 - Fujairah Oil products stocks drop to 2021 low as fuel oil exports set record high
Total inventory was 20.854 million barrels on Feb. 15, down 1.6% from a week earlier and the lowest since Nov. 30.

Feb 17 - Gibraltar bunker delays after oil spill, bad weather: sources
A combination of bad weather and an oil spill hampered supply operations around the port of Gibraltar in recent days but bunkering has continued throughout though with some delays, sources have said.

Feb 17 - Maersk plans to operate first carbon-neutral container ship by 2023
AP Moller-Maersk, owner of the largest shipping company in the world, is aiming to operate the world's first carbon-neutral vessel by 2023, seven years ahead of schedule, it said Feb. 17.

Feb 17 - Singapore March ex-wharf marine fuel term settles higher on supply tightness
"Most buyers will secure March term after the [Lunar New Year] holiday," a trader said.

Feb 17 - Hong Kong 2020 fuel oil imports drop 11% on year to 38 mil barrels

Demand has yet to recover fully, even though the container market is strong, sources said.

Feb 17 - India's maiden carbon-neutral crude purchase opens door for more

"The purchase of the first carbon-neutral crude by Reliance signals their intentions clearly," Malhotra said.

Feb 16 - Contango in prompt LSGO hits narrowest level in 11-months despite low demand
The contango in prompt ICE low sulfur gasoil futures reached the narrowest level in 11 months on Feb. 15 at 75 cents/mt, as lower supply helped to balance low demand in the European distillates markets and the energy complex remained buoyed by vaccine hopes and OPEC+ cuts.

Feb 16 - VLGC rates in steepest freefall in two decades, hopes on return of Chinese LPG trade
Very Large Gas Carrier, or VLGC, rates extended their sharpest freefall in around two decades to seven-month lows at $37/mt, S&P Global Platts data showed, with more short-term downside seen, on low shipping activity and a closed Western arbitrage, shipping sources said Feb. 16.

Feb 16 - Only scrubber-fitted VLCCs seeing positive earnings as bunker prices spike: sources
The rising discounts high-sulfur fuel oil is enjoying over its low-sulfur cousin have resulted in a clear two-tier market for Very Large Crude Carriers, where tankers with scrubbers are showing daily earnings, while those without are running into losses, market participants said Feb. 16.

Feb 16 - Glencore gets pandemic trading boost despite weaker volumes
Mining and commodity giant Glencore posted a 41% jump in trading earnings for 2020 as a spike in market volatility during the upheaval caused by the COVID-19 pandemic offset a slide in its traded volumes of oil and metals.

Feb 16 - Global oil prices, more than improved demand, push Latin America bunker values
The strength seen in Latin America bunker fuels so far in February is mainly related to advances in global oil markets, as major regional hubs, such as Panama and Brazil, have risen in tandem with those international markers, according to S&P Global Platts data and market sources.

Feb 16 - Refined products lead complex higher on Texas outages
Petroleum futures settled higher Feb. 16, as frigid temperatures cut into refinery operations and oil production in Texas.

Feb 16 - Baltic Sea ice-class Panamaxes shatter 14-year records for time-charter rates

Time-charter rates for Panamax and post-Panamax dry bulk ships were heard fixed in the market at $100,000/d or more Feb. 16, causing a stir among market participants.

Feb 16 - IMO 2020 has 'changed attractiveness' of Suez Canal bunkering
: ports consultant
Some 18,000 ships passing through Egypt's Suez Canal every year are using the Europe/Mediterranean region and Houston to fuel up after the introduction of the International Maritime Organization's low sulfur fuel mandate last year "changed the attractiveness" of Suez Canal bunkering, according to a ports consultant.

Feb 16 - European 0.5%S marine fuel crack hits double figures on run cuts, eastern demand

The European 0.5% sulfur marine fuel crack hit double figures Feb. 15 for the first time since Feb. 20 last year, as reduced refinery runs continued to constrain availability while a pull of product eastward added pressure on supply.

Feb 16 - US Gulf Coast refined product prices jump as subfreezing weather shuts refineries

Extreme cold weather is wreaking havoc along the western Texas Gulf Coast, as record-high demand for electricity is creating power shortages, shutting down refineries and petrochemical plants, while sending market players scrambling for internet access as power outages rotate throughout the region.

Feb 15 - Some 3,000 Brazil grain trucks stranded outside Northern transshipment station – Abiove
Thousands of trucks loaded with grains for export are stranded close to a cargo transshipment station located on the Tapajós river as Brazil begins to haul its new soy crop through northern ports, according to oilseeds trade group Abiove on Saturday. The line with roughly 3,000 trucks formed on an unpaved 7-kilometer stretch of the BR-230 highway on the west of the Amazonian state of Pará, Abiove told Reuters.

Feb 12 - Today is New Year for many Asians:

Happy Losar to Tibetan friends; Happy Tet to Vietnamese friends; Happy Seollal to Korean friends; and Happy Lunar New Year to Chinese friends. Wish you all a prosperous year 2021.

Feb 11 - Ukrainian Black Sea ports resume operations - authority 
Leading Ukrainian Black Sea ports have resumed grain loading operations suspended on Monday due to poor weather, the state seaports authority said on Tuesday. The authority said strong wind on Tuesday affected activity at the Sea of Avoz ports of Berdiansk and Mariupol.

Feb 11 - Russia approves formula-based grain export tax system 
The Russian government on Monday approved a formula-based export tax system for wheat, corn and barley that is designed to help combat domestic food price inflation. The system will come into force on June 2, according to an order signed by Prime Minister Mikhail Mishustin. 

Feb 11 - Argentina defuses farm export tax hike fears after crunch talks 
Argentina's government has decided not to go ahead with proposals to hike taxes on farm exports or limit how much grain can be shipped abroad to curb rising food prices after warnings from farmers that they would protest the measures. "We can convey to our producers that there will be no increase in export taxes and no intervention," said Jorge Chemes, president of Confederaciones Rurales Argentinas (CRA), after leaving a meeting with Argentine President Alberto Fernandez.

Feb 11 - ICE to launch LNG freight contracts as volatile market ups demand for hedging
Intercontinental Exchange Inc announced plans on Wednesday to launch two liquefied natural gas (LNG) freight futures contracts next month as it expands its list of gas contracts. This follows a move in late 2019 by rival exchange operator CME Group to launch three LNG freight futures contracts.  

Feb 10 - Singapore's Jurong Port to take over Lim family's stakes in Universal Terminal - sources
Singapore port operator Jurong Port is set to take over the shares in a major oil storage terminal in the city state from the Lim family behind collapsed oil trader Hin Leong, three sources with knowledge of the matter told Reuters. The deal marks the sale of the crown jewel among oil and shipping assets owned by oil tycoon Lim Oon Kuin, his son Evan Lim Chee Meng and daughter Lim Huey Ching. 

 Feb 10 -
Argentine truckers end 20-day strike, freeing barley headed for China

Argentine truckers ended a 20-day strike that had blocked access to ports in Buenos Aires province, agricultural industry sources said on Tuesday, following a deal struck with local officials to increase freight-hauling rates. Trucks owners grouped in the informal TUDA association (Transportistas Unidos de Argentina) began blocking highways last month, making it particularly hard for barley to reach export terminals in the Buenos Aires port of Necochea.

Feb 09 - US marine fuel 0.5%S market at highest since Feb 2020

Feb 09 - Japan sees 30 million mt/year fuel ammonia demand in 2050
By developing supply chains, Japan expects to lower ammonia supply costs from the low Yen 20s/normal cu m-H2 today to high Yen 10s/normal cu m-H2 by 2030.

Feb 09 - LNG shippers shorten voyages in nod to supportive prices over prohibitive costs
"The arb window for USG-Asia February remains open, but Europe has emerged as the preferred discharge for US cargoes with the USG- Europe margins slightly wider by comparison," Webber said.

Feb 09 - Surging shipments, China sales support higher U.S. corn exports from USDA - Braun
The slow start to the marketing year for U.S. corn exports had many industry participants doubting whether U.S. exporters could hit the record U.S. government prediction, especially after a massive string of sales to China at the end of January. But shipments have notably picked up in recent weeks, and the current and potential pace of exports could probably accommodate an even higher forecast than most were originally expecting.

Feb 08 - Oil's peak seen nowhere near in India despite energy transition
BPCL to aggressively pursue refining expansion. Volatile markets call for increased hedging. Oil and gas, new energy consumption to go hand-in-hand.

Feb 08 - Bunkerworld Index: Rising crude supports bunker prices, but patchy demand ahead
Singapore 0.5%S FO supply expected greater in March. NWE demand expected to remain weak. Poor demand but tight logistics at New York.

Feb 08 - MARINE FUEL 0.5%: Outright prices rebound on tight supply; retail bunker market demand below normal
Singapore is expected to receive about 2.5 million mt of low sulfur fuel oil from the West in February, traders said.

Feb 05 - NWE 0.1% gasoil cargoes hit 7-week low on high stocks, low inland demand
Premiums for 0.1% cargoes in Northwest Europe have fallen to their lowest since mid-December as stocks in the Amsterdam-Antwerp-Rotterdam trading hub rose on poor inland demand and the closure of the Rhine to barges, which cut off the Swiss market.

Feb 05 - Crude climbs to fresh one-year highs amid tightened fundamentals, weaker dollar

Crude futures settled higher Feb. 5 amid tightened supply outlooks, demand optimism and a weaker US dollar.

Feb 05 - European fuel oil Hi-5 spread up to triple digits on Eastern demand, output cuts

European fuel oil Hi-5 spread highest since March 2020. VLSFO finds support on arbitrage east, limited availability.

Feb 05 - Bunkerworld Index: Rising crude supports bunker prices, but patchy demand ahead
Singapore 0.5%S FO supply expected greater in March. NWE demand expected to remain weak. Poor demand but tight logistics at New York.

Feb 05 - European VLSFO, LSFO cracks hit new highs on strong Asian demand
High Asian LNG prices force utilities to turn to FO alternatives. European fuel oil refinery runs remain low. South American crude producers reduce flows to Asia.

Feb 05 - Finland's Neste says COVID-19 accelerated need to improve refining business

Targets some 1.5 million mt/year of SAF by the end of 2023. Refinery works in Singapore, Rotterdam Q3, Q4

Feb 05 - Methanol a ready option to meet shipping's climate goals

Pricing competitiveness prone to fluctuate. Methanol has ready-established infrastructure. Green methanol capacity possible, more demand needed.

Feb 05 - S Korea's SK Energy set to expand high sulfur bunker supply in Ulsan:
SK Energy leases storage tank in Ulsan. HSFO cargo arrives in end Jan.

Feb 05 - Sri Lanka's Lanka IOC seeks marine fuel 0.5%S Feb 24-25 delivery
Lanka IOC occasionally seeks marine fuel 0.5%S from the spot market via tender to meet bunker demand at Trincomalee.

Feb 05 - Singapore Residue stocks build 3% on week as fuel oil imports rise 7%
Fuel oil imports reverse two weeks of declines. Bunker demand thin ahead of Lunar New Year holidays.

Feb 05 - India's MRPL sells 25,000 mt LSFO Feb 24-26 loading
MRPL last sold 25,000 mt of marine fuel with maximum 0.5% sulfur for loading over Feb. 1-3 to Shell at a discount of $10-$15/mt to the average of Platts FOB Singapore Marine Fuel 0.5%S and Argus marine fuel 0.5% assessments, FOB, S&P Global Platts reported earlier.

Feb 05 - India says predictability in oil production cuts, stable prices key for recovery
India on Feb. 4 urged the world's top oil producers to plan production cuts in a way that is more predictable, which would help to plan crude imports in a more organized manner and avoid the pain of volatile prices as it could dampen the fragile recovery process.

Feb 05 - GECF calls for 'carbon neutral' LNG contribution from both sellers, buyers
LNG producers will need to offset GHG emissions. Europe could drive demand for carbon-neutral LNG. Need for 'robust' carbon offsetting markets.

Feb 05 - ARA fuel oil stocks slip 2% on week to 1.425 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, moved lower by 2% to 1.425 million mt in the week to Feb. 3, following a 6% rise in the previous week.

Feb 04 - Brazil's Petrobras 2020 refinery output up 2.8% despite pandemic
Brazilian state-led oil company Petrobras raised refinery output 2.8% year on year in 2020 as global demand for ULSD and low sulfur bunker fuel offset pandemic-related declines in domestic markets, the company said Feb. 2.

Feb 04 - Peninsula adds LNG to bunkering business
Strategy part of efforts to focus on energy transition. Growing interest in duel-fueled vessels from customers.

Feb 04 - LNG Bunker Avenir launches largest LNG bunker vessel
Avenir launched the world's largest LNG bunker ship Avenir Allegiance on Jan. 28, with a capacity of 20,000 cu m. The ship, launched Jan. 27 at Zhoushan Changhong International Shipyard, will be delivered from CIMC in the third quarter, according to Avenir.

Feb 04 - Total joins Maersk Mc-Kinney R&D center for zero carbon shipping
Alternative shipping fuels in early development. Maersk aims for zero CO2 emissions by 2050. Total looking for 'carbon neutrality solutions'

Feb 04 - Middle East and North Africa economy contracted 3.8% in 2020 - IMF
Expects recovery to prepandemic levels in 2022. Developing green infrastructure to accelerate recovery. COVID-19 vaccines critical for economic growth.

Feb 04 - Taiwan's CPC sells 40,000 mt low sulfur fuel oil combo cargo for Feb 8-19 loading
CPC has also issued a buy tender seeking 40,000 mt of 0.3% sulfur fuel oil for delivery at Keelung over March, a company source said. The company imports LSFO on behalf of Taiwan Power Co., which consumes LSFO at its power plants.

Feb 04 - ARA diesel, gasoil stocks rise 3.4% on week as high Rhine levels hinder navigation
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub increased 3.4% week on week to 2.662 million mt in the week to Feb. 3, Insights Global data released Feb. 4 showed.

Feb 04 - Tough conditions in store for tankers till at least H2 2021 - Euronav
Too many ships chasing too few cargoes, says CEO. Hopeful that high scrapping rates will help reduce tonnage.

Feb 04 - Kuwait HSFO cargo imports likely to continue till 2022 - FGE
Kuwait Petroleum Corp. bought two 80,000-mt cargoes of high sulfur fuel oil in January and will likely buy more this year as its Clean Fuel Project (CFP) gains momentum, said Facts Global Energy this week.

Feb 04 - Ammonia could help address decarbonization challenge in shipping - CNC
Industry collaboration, support from financiers warranted. Companies should start vetting ammonia as an option.

Feb 04 - Sri Lanka's Ceypetco seeks 180 CST HSFO for Mar 11-12 delivery
Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation. The company last purchased 30,000 mt of 180 CST HSFO for delivery Feb. 26-27 from Vitol, S&P Global Platts reported earlier.

Feb 04 - Panama Canal sets new monthly record in January for LNG transits
- operator
Fifty-eight LNG vessels transited through the Neopanamax Locks last month, the Authority said.

Feb 04 - Bio-LNG a prime pathway to carbon neutrality in shipping
"Bio-LNG is a credible zero-carbon pathway with massive, unrealized potential," SEA-LNG said.

Feb 04 - India lines up deepwater port for rice, exports to surge amid global shortage 
India's southern state of Andhra Pradesh will use a deepwater port to export rice for the first time in decades amid a global shortage of the grain, according to a government order seen by Reuters, which could raise shipments this year by a fifth. The order, issued late on Wednesday, allows Kakinada Deep Water Port to handle rice until more capacity is created at the adjoining Anchorage Port.

Feb 04 - Road block protests disrupt Argentine grains export operations 
Argentine agricultural exports were disrupted on Wednesday as truckers blocked roads around the Buenos Aires ports of Bahia Blanca and Quequen and authorities cleared roads near the main export hub of Rosario. Concern over the road blocks still meant reduced numbers of cargoes arrived at Rosario, raising doubts about future shipping flows from the hub that ships some 80% of Argentina's grains exports. 

Feb 04 - Brazil soy exporters face logistical stress, potential trucker strike in February 
Shipping schedules for Brazilian ports show soybean exports of some 8.5 million tonnes in February, a potential record for the month, but getting all that to port will be tough for trading firms grappling with harvesting delays and a potential trucker strike. Some associations representing independent truckers and logistics workers have called for a strike to protest higher diesel prices, starting on Monday, which could hamper soy deliveries to key ports like Santos and Paranaguá.

Feb 04 - China's Kingho ships first batch of iron ore from Sierra Leone's Tonkolili mine 
A ship carrying iron ore from west Africa's Tonkolili mine set sail for China from the Port of Pepel in Sierra Leone on Friday, China's official Xinhua news agency said. The shipment was the first export from the mine since Chinese firm Kingho Investment Co Ltd took over the project, Xinhua said. The report did not detail the size of the shipment.

Feb 04 - China's appetite for barley sucks in French and Canadian new crop 
China is scooping up millions of tonnes of barley from France and Canada that have yet to be harvested, as its appetite for animal feed grain spills over into orders for next year's crop. China has bought huge volumes of foreign crops to feed a pig herd that is rebuilding after the deadly African Swine Fever epidemic led to the culling of hundreds of millions of hogs. 

Feb 04 - China books biggest deal yet for U.S. corn 
China booked its biggest purchase of U.S. corn yet, the U.S. Agriculture Department said on Friday, buying more at once than any country except the Soviet Union 30 years ago, as it tries to meet a surge in demand for animal feed. The purchase, and a string of deals earlier this week, mean China is on course to become the world's largest corn importer.

 Feb 04 - Road block protests disrupt Argentine grains export operations
Argentine agricultural exports were disrupted on Wednesday as truckers blocked roads around the Buenos Aires ports of Bahia Blanca and Quequen and authorities cleared roads near the main export hub of Rosario. Concern over the road blocks still meant reduced numbers of cargoes arrived at Rosario, raising doubts about future shipping flows from the hub that ships some 80% of Argentina's grains exports. 

Feb 04 - U.S. clears Venezuela port operations after sanctions on maritime authority
The U.S. Treasury Department on Tuesday authorized U.S. companies to engage with Venezuela's INEA maritime authority if necessary for the use of the South American country's ports, after sanctioning INEA two weeks ago. Washington on Jan. 19 blacklisted INEA along with several other maritime entities it said had continued to transport Venezuelan crude despite sanctions on state oil company Petroleos de Venezuela SA implemented in January 2019 as part of a push to oust President Nicolas Maduro.

Feb 03 - China washes out soybean, vegoil cargoes amid poor margins - Agricensus
China-based soybean crushers and vegetable oil processors have resold at least 10 cargoes of Brazilian soybeans, as well as palm oil from Southeast Asia in the past two weeks as crush margins in China, fell sharply, according to several trade sources.
Four-to-five cargoes of Brazilian soybeans for shipment between February and May this year were washed out in recent days, while three cargoes of palm oil, and one cargo of soyoil were also resold on Tuesday, two trade sources told Agricensus on Wednesday.
“Margins for those cargoes were not even as good as just selling on the board... The market is pretty bearish on vegetable oils,” said one China-based analyst.

Feb 02 - Rotterdam port attributes bunker sales growth in 2020 to container demand
Rotterdam sees uptick in container deliveries in recent months. Equipment shortage in container markets exacerbated significantly . Ports in the UK saw significant delays, disruption towards end-2020

Feb 02 - Oman Oil Marketing Company plans bunkering terminal at Duqm
: report
Facility will have 30,000 cu m storage. Commissioning due by Q2

Feb 02 - Port of Rotterdam's permit scheme for bunker vessel operators starts smoothly
The Port of Rotterdam's scheme to require bunker vessel operators to hold permits started Feb. 1, as planned, with 24 permits issued covering 143 vessels, it said Feb. 2.

Feb 02 - Portugal Road fuel sales drop 14% in 2020
Diesel sales down 13%, gasoline 17%. State of alert in place until March. Bunker volumes lifted by LSFO volume

Feb 02 - Platts FOB Singapore fuel oil trading volume in Jan jumps on month to 1.29 mil mt

Trades in physical FOB Singapore fuel oil cargoes during the Platts Market on Close assessment process saw a more than fivefold increase to 1.29 million mt in January from December 2020, S&P Global Platts data showed Feb. 1.

Feb 02 - Bunker supplier Orim to offer MGO to sales list at ARA region

Bunker supplier and hitherto low sulfur and very low sulfur fuel oil specialist Orim Energy has added marine gasoil to its list of bunker fuels on offer in the Amsterdam-Rotterdam-Antwerp bunker hub, the company said in a statement Feb. 1.

Feb 02 - Mauritius' STC awards Feb 2021-Jan 2022 HSFO, LSFO tender
STC's previous annual fuel oil tender was awarded to PetroChina, market sources reported earlier, although pricing details were not available.

Feb 02 - India's small-scale gas potential gives LNG by trucks a boost
The vast potential that gas offers in India has prompted energy companies to push plans to supply LNG by trucks into top gear, a move that will expand the clean fuel's reach to relatively smaller pockets of demand where there are limited pipeline access.

Feb 02 - Limetree Bay restarts St. Croix refinery
Limetree Bay refinery has begun processing crude and producing and selling refined products, after a longer-than-expected hiatus, CEO Jeff Rinker said in a Feb. 1 statement.

Feb 02 - Port of Gothenburg's 2020 energy product throughput slips 3%
Nearby refineries report strong operations. Container throughput almost level

Feb 02 - Australia's CS Energy partners with Japan's IHI to develop hydrogen demonstration plant
Australia's Queensland state government is pushing further into the renewable hydrogen space through a collaboration with Japan's IHI Corp. on the potential development of a demonstration plant.

Feb 02 - China was top importer of US LNG cargoes in January amid Platts JKM run-up

Winter demand feeding Asia appetite. Late-February could see swing to Europe

Feb 02 - India's IOC tender seeking 25,000 mt LSFO goes unawarded
A company source said that no bids were received for the tender, likely due to the prompt delivery date and the specifications requested.

Feb 02 - Sri Lanka's Ceypetco cancels Feb-May tender seeking 180 CST fuel oil
A company source, while declining to comment on the reason for the cancellation, said that Ceypetco would instead be seeking three additional fuel oil cargoes in March.

Feb 02 - Taiwan's Formosa sells 40,000 mt 180 CST HSFO for Feb 4-6
The company last sold 40,000 mt of 130-180 CST fuel oil with maximum 0.9% sulfur via a tender for loading over Jan. 14-16 from Mailiao at a discount of around $50/mt to MOPS Marine Fuel 0.5%S assessments, market sources said.

Feb 02 - India's tax increase on crude palm oil imports could reduce shipments
India has imposed an additional tax on crude palm oil imports as the world's biggest importer of vegetable oils tries to build domestic agriculture infrastructure by taxing imports, Finance Minister Nirmala Sitharaman said on Monday. India cut the basic import tax on crude palm oil to 15% from 27.5%, but imposed a 17.5% "cess" - a separate tax - on the imports, Sitharaman said in her federal budget speech.

Feb 01 - India's IOC tender seeking 25,000 mt LSFO goes unawarded
A company source said that no bids were received for the tender, likely due to the prompt delivery date and the specifications requested.

Feb 01 - Sri Lanka's Ceypetco cancels tender seeking 30,000 mt 180 CST fuel oil for mid-Feb
Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.

Feb 01 - European LSGO futures net speculative length rises to new one-year high
Speculative net long positions in ICE low sulfur gasoil futures rose 784 contracts to 78,690 in the week to Jan. 26, a fresh one-year high, according to ICE data.

Feb 01 - EMEA middle distillates: Key market indicators this week
European distillates markets were relatively stable despite weak demand, with the contango in the market even narrowing over the week to Feb. 1.

Feb 01 - Americas Bunker Key market indicators Feb. 1-5
Spot marine fuel markets throughout the Americas have seen pricing fluctuate with global energy futures while demand fundamentals remain mixed.

Feb 01 - Taiwan's Formosa sells 40,000 mt 180 CST HSFO for Feb 4-6
The company last sold 40,000 mt of 130-180 CST fuel oil with maximum 0.9% sulfur via a tender for loading over Jan. 14-16 from Mailiao at a discount of around $50/mt to MOPS Marine Fuel 0.5%S assessments, market sources said.

Feb 01 - Bunker supplier Orim to offer MGO to sales list at ARA region
Bunker supplier and hitherto low sulfur and very low sulfur fuel oil specialist Orim Energy has added marine gasoil to its list of bunker fuels on offer in the Amsterdam-Rotterdam-Antwerp bunker hub, the company said in a statement Feb. 1.

Feb 01 - Taiwan's Formosa sells 10,000 mt pyrolysis fuel oil for Feb loading
he fuel oil is produced at its ethylene plants and typically blended into low sulfur fuel oil for power plants, market sources said.

Feb 01 - NextDecade terminates plans for proposed second LNG export facility in Texas
NextDecade abandoned plans Jan. 29 for a second LNG export terminal in Texas, saying the site it was considering was not suitable for development.

Feb 01 - Primorsk Feb ULSD exports total 1.58 million mt in 48 cargoes
Exports of ultra low sulfur diesel from Primorsk in the Baltic will total about 1.58 million mt in February, up 1.5% from January but 10% lower year on year, according to a copy of the loading program seen by S&P Global Platts on Feb. 1.

Jan 29 - ARA fuel oil stocks up 6% on week to 1.454 mil mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region, as measured by Insights Global, rose 6% to 1.454 million mt in the week to Jan. 27, following a 22% rise the previous week.

Jan 29 - European fuel oil hi-lo spread reaches nine-month high
The European hi-lo paper spread hit a nine-month high Jan. 28 as a pull in demand eastward supports an already tight low sulfur fuel oil market in Europe.

Jan 29 - Embrace wind propulsion early to speed shipping's decarbonization drive
: sources
Rotor sails likely to reduce fuel costs, emissions by up to 20%. Industry collaboration, early start with shipyards crucial for success.

Jan 29 - India's BPCL seeks HSFO cargoes for Kochi, Ennore for Feb

The company is typically a seller of fuel oil, but the refiner needs to buy high sulfur fuel oil cargoes this time to meet customers' requirement as it has switched to light sweet crude oil, a company source said.

Jan 29 - Petrobras CEO blames Brazil trucking woes on overcapacity, not diesel prices
Brazil's oversupply of hauling capacity and bad roads are behind the troubles facing the country's independent truckers, not import-parity pricing at state-led oil company Petrobras, CEO Roberto Castello Branco said during a Jan. 28 webinar.

Jan 29 - IMO 2020 regulation leads to 70% cut in global shipping sulfur oxide emissions
One year on from the introduction of a global sulfur regulation for shipping fuels, there has been a 70% reduction in sulfur oxide emissions, according to the International Maritime Organization.

Jan 29 - Bangladesh to up HSFO imports in Feb on higher temperatures, no spot LNG

To import about 300,000 mt of HSFO in Feb. Warmer weather will spur air conditioning use. Jan HSFO imports higher than expected at 200,000 mt

Jan 29 - Avenir launches world's largest LNG bunker ship
Capacity of 20,000 cu m. CMA CGM launches 15,000 TEU LNG-powered ship.

Jan 28 - Top global traders work to ease seafarer crisis due to coronavirus 
Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea. About 90% of world trade is transported by sea, and coronavirus restrictions in many jurisdictions are affecting supply chains.

Jan 28 - Several Ukraine Black Sea ports maintain loading restrictions 
Several Ukrainian Black Sea ports are maintaining loading restrictions owing to poor weather, the state-run sea ports authority said on Thursday. Snow, rain and wind have affected work at the largest ports in the Odessa region and Ismail, it said in a statement.

Jan 28 - South Africa's Richards Bay says coal exports fell in 2020 
Coal exports from South Africa's Richards Bay Coal Terminal (RBCT) fell to 70.2 million tonnes last year from 72.2 million tonnes in 2019, weighed down by COVID-19 disruptions, it said on Wednesday. RBCT had been targeting coal exports of 77 million tonnes in each of the last two years.

Jan 28 - Grains supply to Argentine export hub normalizing after truckers strike - sources 
Delivery of grains and oilseeds to Argentine export hub Rosario was slowly returning to normal on Monday after a week of protests by truckers who blocked roads leading from the farm belt to port, two industry sources told Reuters. Drivers are demanding a review of their costs, including tolls, insurance rates, taxes and fuel prices. 

Jan 28 - Heavy industry, transport sectors to align on net-zero climate plans 
Over 400 companies across some of the world’s biggest greenhouse gas emitting industries – from shipping to steelmaking - have agreed to work together on plans to decarbonize by 2050, according to a coalition of climate advocacy groups that set up the partnership. The agreement, to be announced at the virtual Davos World Economic Forum on Wednesday, includes giants like miner Arcelor Mittal, shipper Maersk, and oil behemoth Shell. It is intended to complement rising international ambition to make the aggressive emissions cuts scientists say are necessary to avoid the worst effects of climate change. 

Jan 28 - Pirates kidnap 15 Turkish sailors in attack on container ship off Nigeria 
Pirates off Nigeria's coast kidnapped 15 sailors from a Turkish-crewed container ship in the Gulf of Guinea on Saturday in a brazen and violent attack that was farther from shore than usual. One sailor was killed in the raid, an Azerbaijani citizen, while those kidnapped are from Turkey, according to the respective governments and a crew list seen by Reuters.

Jan 27 - Shell receives LNG bunker license at Port of Gibraltar
Anglo-Dutch energy group Shell said its application for an LNG bunker license at the Port of Gibraltar has been approved.

Jan 27 - Singapore's Feb LSFO inflow from West seen higher than Jan
2 mil-2.5 mil mt to arrive in Feb, up from 2 mil mt in Jan. Supply tightness seen easing on higher supply.

Jan 27 - Trafigura boss upbeat over trading, investment opportunities in low-carbon world
Trafigura, one of the world's biggest independent commodity traders, sees "fantastic" trading and investment opportunities as the world moves to clean, lower-carbon energy and more sustainable economic growth, its CEO Jeremy Weir said Jan. 27.

Jan 27 - Rhine to reach flood level by weekend, stopping barge movements
The Rhine was set to reach flood levels in places in the next few days, lifted by heavy rain and snow-melt, which could stop the movement of barges, according to German waterways authority WSV and market sources on Jan. 27.

Jan 27 - Fujairah Oil product stocks slide to 8-week low as fuel oil exports soar

Kuwait steps up fuel oil purchases. Middle distillates stocks snap longest losing streak. South Africa took gasoil/diesel.

Jan 26 - China's 2020 bonded bunker fuel supply jumps 40% on year to 16.87 mil mt
The volumes surged 40% from 12 million mt supply in 2019.

Jan 26 - India's 2020 oil product exports down 10.2% on the year
India's oil product exports fell 10.2% year on year to 57.72 million mt in 2020, or 1.24 million b/d, trovisional data from the Petroleum Planning and Analysis Cell showed Jan. 26, as global demand for fuels shrank due to the coronavirus pandemic.

Jan 26 - SE Asia leading bunker demand recovery after COVID-19: Channoil's Waddington
Asia setting bunker prices, trade flows. VLSFO demand supporting WAF refineries. Scrubber economics 'poor'

Jan 26 - IMF forecasts 21% rebound in crude oil prices for 2021 to just above $50/b
IMF revises up global GDP growth forecast. Vaccines, stimulus measures to aid recovery. Flagging travel demand challenges oil economies.

Jan 26 - Hong Kong's bunker sales pain in 2020 reflects Zhoushan's gain
Hong Kong bunker sales 2020 have declined some 30%-40% as COVID-19 hammered demand.

Jan 26 - Dec gasoil output rises 3% on year on high refinery runs
India's gasoil production rose 3.3% year on year in December and was fairly stable on the month amid high refinery run rates since November. But a recent surge in COVID-19 cases was putting pressure on demand and may hit gasoil production again.

Jan 26 - Med 0.1% gasoil cargoes at 5-month low as narrow contango discourages storage
Physical differentials for 0.1% gasoil cargoes in the Mediterranean have fallen to a five-month low as more supply from storage has been added to the market due to higher outright prices and a narrowing contango structure, market sources said Jan. 26.

Jan 26 - Oldendorff to develop wind-assisted solution for dry bulk carriers
Dry bulk shipping company Oldendorff is embarking on a joint-venture project to developed wind-assisted propulsion for its carriers, the company said Jan. 26.

Jan 26 - Port of Valencia a potential benchmark for promotion of LNG bunker:
Baleria carried out close to 300 LNG bunker operations at Velencia in 2020. Cryo Shipping completes STS LNNG bunker operation for oil tanker.

Jan 26 - Prompt laycan barrels propel West African crude tanker rates
Suezmax freight surges as unsold prompt barrels come to market. Nigerian crude values under pressure, participants consider VLCCs

Jan 25 - ECB sees rapid progress on carbon pricing - Lagarde
The European Central Bank sees rapid progress on carbon pricing as the EU Emissions Trading System is set to be aligned with the EU's stronger climate targets for 2030, the bank's president Christine Lagarde said Jan. 25.

Jan 25 - Rotterdam 2020 bunker volumes rise 6% despite coronavirus - port authority
Total sales of oil-based bunker fuels, excluding lubricating oils, at the Dutch port of Rotterdam, the world's second largest bunkering hub, rose 6% in 2020 to 7.518 mil cu m, according to data from the port authority.

Jan 25 - Rotterdam LNG bunker sales hit record high in 2020
Q4 volume up over 45% from previous quarter. LNG-fueled container, cruise ships boost demand.

Jan 25 - Asia residual fuel market - Key market indicators this week
Asia residual fuel markets are expected to be supported going into the last trading week of the month.

Jan 25 - Fresh blow for Libya's oil revival, as militia threatens to stop crude exports at three ports Ras Lanuf, Marsa el-Hariga, Ras Lanuf may be affected. PFG demands immediate payments of salaries. Revenue feud between NOC and CBL escalates.

Jan 25 - Panama Canal constraints persist for LNG tankers arriving without a reservation
Average wait of 10 days for vessels headed to Pacific. Asia spot prices remain robust despite fall from record.

Jan 25 - Port of Corpus Christi crude shipments up 65% in 2020, sees record tonnage
Corpus December exports at 1.9 million b/d. Corpus export activity around 4.41 million b/d end-2020. Houston exported 685,250 b/d in December.

Jan 25 - Peninsula set to commence bunker supply operations in Skaw
Marine fuel supplier Peninsula is expanding its supply operations to the Skaw region, using two supply tankers with a combined capacity of approximately 10,000 mt, the company said Jan. 25.

Jan 25 - Saudi Arabia to officially mandate diesel spec change in 2022 - FGE
Saudi Arabia did not officially implement a diesel spec change this month, contrary to market speculation, but will reduce the sulfur content of gasoil/diesel for domestic use from 500ppm to 10ppm next year, consultancy Facts Global Energy (FGE) said in a note Jan. 22.

Jan 25 - Canadian crude-by-rail exports rise sharply in November from multiyear lows
Canadian crude-by-rail exports rose sharply in November as producers ramped up output taken offline at the start of the pandemic.

Jan 25 - Libya's Waha oil fields resume production after pipeline work
Production from Libya's Waha oil fields has "gradually resumed" after repairs were completed on a key pipeline, state-owned National Oil Corporation said Jan. 25.

Jan 25 - Rough seas lift Black Sea freight rates, delay loading of products
Bad weather in the Black Sea has provided support for clean tanker freight rates, with delays in the Bosporus last week causing a backlog of vessels and late arrivals, sources said Jan. 25.

Jan 25 - Methanol's bunkering uptake blunted by availability, industrial lure - Methanex
Methanol has competitive opex, capex costs. The chemical has different industrial uses. Shipping market will use wide range of fuels.

Jan 25 - Europe and Africa residual fuel -- key market indicators this week

Local demand for bunkering in the European market continued to remain sluggish in the week ended Jan. 22, as market sources look to fundamentals on arbitrages to Asia for price support instead.

Jan 25 - Americas Bunkers : Key market indicators Jan. 25-29

Key spot marine fuel markets throughout the Americas entered the week of Jan. 25-29 under pressure from the US energy complex, while demand fundamentals remained bearish for some regions.

Jan 22 - INE completes first physical VLSFO overseas delivery in Singapore
Shanghai International Exchange, or INE, completed the first physical delivery outside of China against its tax-free very low sulfur bunker fuel oil futures on Jan. 19-21 in Singapore, it said Jan. 22.

Jan 22 - Thailand's PTTGC sells IMO-compliant fuel oil for H1 Feb loading
The company last sold 35,000 mt of IMO 2020-compliant fuel oil with minimum 100-380 CST viscosity for Jan. 16-18 loading from its Map Ta Phut refinery, at a discount of around $3/mt to Mean of Platts Singapore Marine Fuel 0.5%S assessments, S&P Global Platts reported earlier.

Jan 22 - European 0.5%S marine fuel strengthens on eastern arb pull
Very low sulfur fuel oil in Europe has strengthened steadily in recent weeks, supported largely by a pull eastward to Singapore and the surrounding region while domestic availability remained constrained on months of refinery run cuts.

Jan 22 - Bunkerworld Index: Prices waver as lockdowns intensify
Bunker prices faltered during the week beginning Jan. 18 as bearish pressures in the wider oil complex outweighed instances of bullish sentiment in marine fuel markets, a pattern some analysts suggest could continue in the near-term.

Jan 21 - Sri Lanka Ceypetco seeks 30,000 mt of 180 CST fuel oil for mid-Feb
Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.

Jan 21 - Inclement weather impacts Amsterdam-Rotterdam-Antwerp ship operations: sources
Ongoing adverse weather in the Amsterdam-Rotterdam-Antwerp region have impacted shipping operations, market sources told S&P Global Platts on Jan. 21.

Jan 21 - Poor weather conditions impact bunker operations at Skaw
Weather conditions were impacting some bunker supply operations in Denmark's Skaw region, though the Swedish port of Gothenburg remained open, market sources told S&P Global Platts on Jan. 21.

Jan 21 - Japan's bunker fuel premiums climb on competing demand from power plants
Rising fuel oil demand from North Asia's thermal power plants for heating purposes during a colder-than-expected winter has tightened supply of the fuel in Japan's downstream bunker fuel market, which is expected to keep bunker fuel premiums elevated, market sources said.

Jan 21 - VLCCs rates bearish on dwindling Persian Gulf activity, Saudi crude cuts
Freight returns shy of falling below Opex levels. Persian Gulf Jan spot fixtures at 90 cargoes. Safety inspection delays affecting freight levels.

Jan 21 - Australia's iron ore export hub starts clearing port ahead of cyclone 
A tropical low system in the Indian Ocean off Australia's west coast was expected to develop into a tropical cyclone, Australia's weather bureau said, forcing the country's key iron ore exporting terminal to clear ships from harbour. The Pilbara Ports Authority said in a statement late on Wednesday it had begun clearing large vessels from anchorages at Port Hedland, the world's biggest iron ore loading hub, and that ships were directed to sail by 1200 GMT. 

Jan 21 - Feed fight: African consumers hit as Asia gobbles up rice supplies 
Tightening global supplies of basic foodstuffs and disruptions to shipping caused by the coronavirus pandemic are driving up the cost of rice, the most important staple food for billions of people worldwide. Rising food prices are a worrying trend in countries that depend on imports, while the cost of rice is politically sensitive in many parts of Asia and Africa. A spike in the price of the grain led to unrest in several countries during the world food crisis of 2008.

Jan 21 - China Dec coal imports from Australia plunge to zero on import restrictions 
China did not allow any coal cargos from Australia to pass the customs clearance in December as it targeted various Australian products with unofficial import restrictions, but inflows from other countries rose. Both thermal coal, mainly used as fuel at power generation plants, and metallurgical coal for steelmaking from Australia fell to zero in December, according to data from the General Administration of Customs on Wednesday.

Jan 21 - Agro-export companies in Argentina 'concerned' by truckers' protest 
Agro-export companies in Argentina are "concerned" about independent truck owners who are blocking roads as part of a protest over what drivers say are exorbitant taxes and highway tolls, the CIARA-CEC export industry chamber said on Tuesday. Owners and drivers, grouped in the informal TUDA association (Transportistas Unidos de Argentina), began blocking highways over the weekend, making it hard for grains to reach port terminals. The protest adds uncertainty to a sector that was racked by several port workers' strikes last month.

Jan 21 - Global seaborne coal trade shrank nearly 11% in 2020 - German importers 
Global seaborne coal trade fell nearly 11% last year mainly driven by lower industrial usage due to the coronavirus crisis, Germany's VDKi coal importers lobby said on Friday. Imports and exports across the globe fell to 1.098 billion tonnes from 1.233 billion in 2019, the Verein der Kohlenimporteure (VDKi) estimated.

Jan 21 - Argentine corn sales pick up on concern over possible export limits 
Argentine farmers have dramatically accelerated sales from the upcoming 2020/21 corn harvest, due to concern that the government may yet again try to limit international sales. The agriculture ministry has caused uncertainty by going back and forth in recent weeks on policies seeking to ensure ample food supplies by limiting international shipments of corn. Argentina is the world's No. 3 exporter of the grain.

Jan 20 - Spanish LNG bunker activity rallies in 2020
Volume of operations jump to 741 from 199 in 2019. 122,058 cu m of LNG supplied in 2020 in Spain.

Jan 20 - Hellenic expects Elefsis port to resume normal operations "in days"
Greek Hellenic Petroleum said Jan. 20 it expects the port of Elefsis, which is used for loading by a few of its refineries, to "resume normal operations in days" following a "technical issue" at one of the jetties.

Jan 20 - Fuel oil trader Avik Ghosh joins Alsaa Petroleum and Shipping
Fuel oil trader Avik Ghosh has joined Alsaa Petroleum and Shipping in Dubai as Trading Manager, starting Jan. 5, a source with direct knowledge of the matter told S&P Global Platts Jan. 20.

Jan 20 - Fujairah Oil product stocks snap slide as heavy distillates rebound
Egypt gets first gasoil shipment since Dec 2019. Middle distillates fall to lowest since Oct 5. Kenya set to take large gasoline shipment.

Jan 20 - Japan' Jan 10-16 oil products exports rebound 32% to 2.3 mil barrels
Japan's oil products exports rebounded 32.3% week on week to 2.298 million barrels over Jan. 10-16, led by increased kerosene, gasoil and fuel oil exports, according to data released Jan. 20 by the Petroleum Association of Japan.

Jan 20 - Japan' LSFO output surges 55.5% on week to 1.06 mil barrels Jan. 10-16
Local power utilities request for emergency fuel supply amid severe cold spells. Oil-fired power utilization rates peak above 88% Jan. 8: METI.

Jan 20 - Both low, zero carbon hydrogen needed to reduce GHG emissions: Hydrogen Council
Blue and green H2 needed for GHG reduction. EC targeting hydrogen production from renewables.

Jan 20 - Kuwait's KPC buys 80,000 mt HSFO for end-Jan delivery
This is the fourth such cargo KPC has purchased in the last month to meet power generation demand from its domestic utilities sector, while its Mina Abdullah refinery, which normally supplies fuel oil, is undergoing upgrading work.

Jan 20 - Sri Lanka's Ceypetco seeks 30,000 mt of 180 CST fuel oil for end-Feb delivery
Ceypetco procures fuel oil on behalf of West Coast Power Pvt. Ltd. and other local power companies for power generation.

Jan 20 - S Korea delivered marine fuel 0.5%S premium hits 1-year high on supply tightness
Supply tightness pushed the Busan/Ulsan delivered Marine Fuel 0.5%S premium to the benchmark FOB Singapore 10 ppm gasoil cargo assessment to a one-year high at $51.39/mt Jan. 19, S&P Global Platts data showed.

Jan 20 - Fuel quality issues may confront bunker market in wake of COVID-19: KPI OceanConnect
Price volatility has already impacted VLSFO blends. No uptick in hedging, but concerns about higher prices seen.

Jan 20 - Italy Oil product demand in 2020 plunges 17.1% to lowest levels since 1960s
Italy's demand for refined oil products in 2020 dropped 17.1%, or 10.3 million mt, year on year, to 49.9 million mt, the lowest consumption levels since the 1960s when Italy had a prolonged period of economic expansion, industry group Unione Petrolifera said in a statement.

Jan 20 - VLCC freight rates from West Africa at multi-year low
Lackluster demand from China pressuring market. Prompter fixing on Suezmaxes as barrels remain unsold.

Jan 20 - World's first ammonia-ready Suezmax tanker being built in China
Vessel being built ordered by Avin International. Ammonia potential being tapped to meet decarbonization targets.

Jan 19 - Argentina truck driver strike slashes truck arrivals at key ports
A strike action being carried out by a group of lorry owners and drivers is impacting the number of lorries arriving at Argentina’s main grain ports, industry sources have told Agricensus. The indefinite strike action, which includes intermittent road blockades at some routes across the country, started on January 15.
The protest is being carried out by members of the Transportistas Unidos de la Argentina (TUDA) group, which comprises around 2,000 independent truck owners and drivers and is the latest in a series of strikes that have disrupted operations across the sector.
“The strike action is currently affecting all grain ports, including the terminals in Necochea and Bahia Blanca, in Buenos Aires province. The Transport and Security ministries are intervening in this conflict,” one source said. Another industry source said that only 10% of the usual flow of lorries are transporting grain to local ports.
“Today, a total of 300 lorries arrived to grain ports, which compares to a usual daily flow of 3,000 lorries,” the source said.
Freight transport businessmen grouped in regional organizations partially blocked the Buenos Aires-Rosario highway as well as routes 18, A-012 and 19, in the south of the province of Santa Fe, to claim rate increases due to rising costs. They also blocked the access to the underwater tunnel, which connects the cities of Santa Fe and Paraná, in Entre Ríos.

Jan 19 - Maritime players join forces to explore solid oxide fuel cell potential in global shipping
By electro-chemically converting fuel into electricity, SOFCs can potentially produce power with higher efficiency.

Jan 19 - VLGC rates retreat from over five-year highs on slower LPG shipments
The correction may be limited by a rise in Asian LPG prices and as vessels continue to be sent to dry docks.

Jan 19 - Europe and Africa residual fuel -- key market indicators this week
There were signs of some demand for 0.5%S marine fuel emerging in the European market towards the end of last week following a slower start to the year, while tighter availability remains in focus on reduced run rates at European refineries.

Jan 19 - Asia piracy incidents hit 5-year high in 2020, shipping insurance rates firm
War risk insurance premium firm due to maritime threats. Asia-Pacific LR1 tanker rates hit 6 month-high in Dec 2020. Abducted crew still in captivity in Sulu-Celebes region. Singapore Straits comprise 35% of incidents in 2020.

Jan 19 - Japan Nov bonded bunker fuel oil sales rise 4% on year to 2.8 mil barrels
Bonded bunker sales rise for three months in a row. January-November sales rise 12.4% on year.

Jan 19 - Trafigura's bunker supplier license for Zhoushan sets stage for heated competition: sources
. Access to refinery products vital to stay competitive. Government policies, efficiency gains make Zhoushan attractive. Zhoushan port aims breaching 10 mil mt level in bunker fuel sales in 2025.

Jan 19 - Singapore MPA's shore-based personnel requirement to not impact bunker ops much
Vaccination for shore-based personnel started on Jan. 13, MPA said.

Jan 19 - Bahrain's Sitra plans maintenance over Feb-Mar for 30 days

Bapco is aiming to phase out all fuel oil production by 2025 and focus on diesel and jet fuel.

Jan 19 - Singapore Feb ex-wharf marine fuel term indications higher as demand grows - sources
Singapore's ex-wharf term contracts for February-loading 0.5% sulfur marine fuel were heard offered at a premium of $5.50-$6.00/mt over the FOB Singapore Marine Fuel 0.5% cargo assessment, higher than the contract settlements of a $2.00-$2.50/mt premium for January-loading contracts, sources said Jan. 19.

Jan 19 - Braskem chooses Port of Rotterdam for bioplastics storage
Braskem will move its bioplastics storage facility from the Port of Antwerp to the Port of Rotterdam, according to a press release on Jan. 19.

Jan 19 - Eleusis port damage to halt operations for over a week - sources
The loading section at the port of Eleusis, or Elefsina, Greece, has sustained damage due to a crash, market sources said, adding that repairs will continue for "at least 10 days"

Jan 18 - 0.5%S marine fuel finds support on emerging demand, limited availability
Northwest Europe Hi-5 spread reaches multi-month highs. 0.5%S marine fuel crack moves higher on tight supply.

Jan 18 - World's first LNG-fueled large bulk carrier arrives at Port Waratah
HL ECO, the first LNG-fueled ship to berth on the eastern Australian seaboard, arrived at the Koorang Terminal in Port Waratah on Jan. 11, according to Port Waratah Coal Services.

Jan 18 - VLSFO premium over HSFO rises on stronger crude prices
Hi-5 bunker spread widens on month, but steady in Jan. Resistance to further widening from Saudi output cuts. Scrubber installations to slow down in 2021.

Jan 18 - PetroChina's bunkering ops at new anchorage to likely boost Zhoushan's prospects
First operation from new anchorage on Jan. 13. Zhoushan subsidiary supplied 210,000 mt bunker fuel in 2020. Zhoushan port attractive on product availability, competitive prices.

Jan 18 - Blue ammonia to comprise bulk of hydrogen transportation due to lower costs - HSBC
Ammonia more energy-dense, easier to liquefy. Several blue ammonia projects in pipeline.

Jan 18 - Thailand's PTTGC to hike domestic bunker fuel supply in 2021, reduce exports
Domestic bunker fuel supply to increase to 50,000 mt/month. Exports to fall to 35,000 mt/month from 50,000 mt in December. Thai bunker prices typically $10/mt higher than in Singapore.

Jan 18 - Port of Antwerp crude throughput in 2020 falls 60% on year

Oil products throughput rises 3.4%. Total freight volumes decline 3.1%

Jan 15 - Crude slides more than 2% amid stronger dollar, Chinese lockdowns
Dollar rallies after Biden reveals $1.9 trillion stimulus plan.

Jan 15 - Singapore MPA's 2020 bunker suppliers ranking by volume shows shake-up
Shell Eastern Trading topped the 2020 list.

Jan 15 - Prices rise as OPEC+ moves boost sentiment
Alliance decided in December to ease quotas by a 500k b/d for January.

Jan 15 - S Korea 0.5%S Marine Fuel bunker premium hits 8-month high on tight supply
"Supply is extremely tight," a South Korean refining source said.

Jan 15 - Singapore MPA's 2020 bunker suppliers ranking by volume shows shake-up
Shell Eastern Trading topped the 2020 list.

Jan 15 - S Korea 0.5%S Marine Fuel bunker premium hits 8-month high on tight supply
"Supply is extremely tight," a South Korean refining source said.

Jan 14 - Egypt reopens four Red Sea ports shut due to bad weather 
Egypt has reopened three Red Sea commercial ports and one fishing port that were shut earlier on Wednesday because of high winds and rough seas, the Red Sea Ports Authority and two sources said. The reopened ports are Suez, Zeitiyat, Adabiya and the fishing port of al-Ataka, they added.

Jan 14 - Ukrainian Black Sea ports resume grain operations - authority 
All Ukrainian Black Sea ports have resume grain cargo operations suspended on Wednesday due to poor weather, the state-run Ukrainian sea port authority said on Thursday. Ukraine accounted for about 16% of global grain exports in the 2019/20 season.

Jan 14 - Australia's Port Hedland iron ore shipments to China jump 16% in December 
Iron ore shipments to China from Australia's Port Hedland rose by 16% in December from a month earlier, despite a short weather related shutdown, the Pilbara Ports Authority said on Friday. Iron ore exports to China rose to 40.0 million tonnes from 34.44 million tonnes in November, data from the authority showed. 

Jan 14 - Ship insurers primed to raise rates after Red Sea attacks 
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said. The possibility of more attacks on commercial shipping carrying oil and commodities through these waterways is growing after the outgoing U.S. administration's move to designate Yemen's Iran-aligned Houthi movement as a foreign terrorist organisation.

Jan 14 - Crude price rally extends amid dollar retreat, stimulus hopes
Biden expected to present a sweeping pandemic relief, stimulus plan.

Jan 14 - First offshore LNG articulated tug and barge in US ready for operation - Shell
Vessel to provide ship-to-ship LNG bunker operations.

Jan 14 - Japan strikes first fuel ammonia cooperation deal with Abu Dhabi's ADNOC
Aim is to start using 3 mil mt/year of ammonia as fuel for power by 2030.

Jan 14 - Singapore's 2020 maritime performance resilient despite global COVID-19 hurdles - Minister
Port promoting cleaner marine fuels to meet decarbonization objectives.


Jan 13 - Crude retreats amid stronger dollar, global supply concerns
Total US refined product demand surges ahead of five-year average for first time since early March.

Jan 13 - UAE sees oil market balance by 2022 start, urges shale oil restraint - energy minister
Coalition to wait and see for forecast after Q1.

Jan 13 - Fuel oil strength supporting Chad's Doba crude
Limited support for other heavy West African crudes.

Jan 13 - Singapore LSFO-HSFO spread hits 10-month high following surge in LNG prices
Most North Asian utilities are going to step up buying low sulfur fuel oil in response to the surge in LNG prices, a trader said.

Jan 13 - China's Bohai Bay energy terminals on alert as sea ice slows ships 
Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay. A cold wave sweeping the northern hemisphere has plunged temperatures across China to their lowest in decades, boosting demand for power and fuel to historic highs in the world's largest energy consumer.

Jan 13 - LNG shipping rates from U.S. surge to record highs on Asia buying boom 
The cost of shipping liquefied natural gas (LNG) from the United States to Asia hit a record high on Tuesday as appetite for the fuel from buyers there and delays through the Panama Canal reduced the amount of ships for hire. Freezing temperatures across Asia and Europe have pushed up LNG prices and lifted wider gas prices as buyers grapple with shrinking inventories and the shortage of tankers.

Jan 12 - Crude hits fresh 11-month highs as US dollar rally falters
EIA revises crude price forecast higher in monthly Short-Term Energy Outlook.

Jan 12 - Aon launches insurance for spikes in aviation, marine fuel costs
First cover of this sort for large consumers of fuel.

Jan 12 - Weak tanker market in Europe weighs on fuel oil demand
Reduced refinery runs in Europe are limiting availability of 0.5%S marine fuel.

Jan 12 - China's Zhoushan port targets 27% bunker sales growth in 2021 despite headwinds
VAT rebate on fuel oil, efficiency boost bunkering prospects.

Jan 11 - Crude rally stalls amid fresh lockdowns, stronger dollar
Pandemic-related demand concerns weighed on gasoline cracks.

Jan 11 - Northern Sea Route 2020 cargo volumes rise 4.6% on year: Rosatom
Route closed to shipping for about half the year.

Jan 11 - Goldman sees Brent hitting $65/b by mid-2021 on sharp demand rebound
Vaccine roll-out seen triggering demand boost.

Jan 11 - Q1 2021 an opportunity for containers to restock amid bullish fundamentals
Strong demand supported by vaccine shipments, Lunar New Year.

Jan 11 - Asia residual fuel market - Key market indicators this week
The Singapore Marine fuel 0.5%S market witnessed tepid downstream bunker demand in the first trading week of 2021, although bunker traders have pegged their hopes on a demand recovery for the second half of the month.

Jan 08 - Bad weather halts bunker operations at Gibraltar: port authority
All bunkering operations at the port of Gibraltar have been suspended due to adverse weather conditions, Gibraltar's Bunkering Superintendent told S&P Global Platts Jan. 8.

Jan 08 - Gasoil laden VLCC en route to Asia, first to return East in over a year
VLCC Yuan Gui Yang estimated to arrive Jan. 14. Asia favored as preferred gasoil destination on firm EFS.

Jan 08 - Stocks draw in Singapore, imports and exports rise
Singapore's commercial onshore middle distillate stockpiles fell to the lowest level in nearly five months, dropping under 15 million barrels as exports rose, although stockpiles remain at historically high levels.

Jan 08 - Singapore receives first LNG bunkering barge; Avenir launches new LNG bunker vessel
Shipyard operator Keppel Offshore & Marine delivered Singapore's first LNG bunker barge. The LNG bunkering vessel (LBV) Avenir Aspiration was launched on Dec. 26 in China.

Jan 08 - Hong Kong Jan 0.5%S marine fuel term differential inked at minus $10-$15/mt, down from Dec
Term contracts for the supply of 0.5%S marine fuel at the port of Hong Kong in January have been concluded at a discount of $10-$15/mt to benchmark Singapore 10 ppm sulfur gasoil cargo assessments, down from December, Hong Kong-based suppliers said.

Jan 08 - Saudi Arabia comes to the aid of OPEC+ but seeks goodwill in return
Prince Abdulaziz shifts from quota enforcer to benefactor. Increasing split between Russian, Saudi oil policy. Wobbly oil demand, budget pressures weigh on kingdom

Jan 08 - Clean tanker West of Suez markets brace for ice premium impact at Baltic ports
Most Baltic ports to develop ice in next 10 days. Northern Handysize owners bullish on prospects.

Jan 08 - Bunker One grows supply efforts in UK
New supply operation along the Thames. Q3 UK bunker supply down 25% on year.

Jan 07 - Port-side Argentine grains inspectors end month-long strike, freeing exports 
The union representing Argentine port-side grain inspectors said on Thursday it had ended a month-long wage strike after reaching a contract deal with export companies that will allow international soy, corn and wheat shipments to return to normal. The deal was struck after a marathon negotiation session with Argentina's private ports chamber on Wednesday. The work stoppage by the union, known by its Spanish acronym Urgara, started on Dec. 9 and had hit operations in key ports throughout Argentina, the world's top supplier of soymeal livestock feed.

Jan 07 - Indian rice shipping delays come at bad time as consumer demand spikes 
The global rice market is grappling with logistical disruptions at major supply ports caused by a lack of shipping containers at the same time a worldwide rush to stockpile food is spurring demand for the staple grain. The logistics difficulties illustrate the way the COVID-19 pandemic has upended the global trade in finished goods and raw commodities. 

Jan 07 - Iraq signs $2.6 bln deal with S. Korea's Daewoo to build first phase of Faw port 
Iraq agreed a $2.625 billion deal with South Korea's Daewoo Engineering & Construction (047040.KS) on Wednesday to build the first phase at its planned Faw commodities port in the south of the country. Under the contract, signed in Baghdad by representatives of Iraq's transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers.

Jan 07 - Egypt’s cabinet allows GASC to co-found shareholding shipping company - statement 
Egypt’s cabinet said on Thursday it agreed a draft bill to allow the state grains buyer, the General Authority for Supply Commodities (GASC) to co-found a shareholding shipping company to transport commodities in and out of the country. The company, to be known as Atlantic Pacific Company for Shipping and Trade, will focus on the marine shipping of commodities within Egypt and abroad, and will own commercial shipping vessels.

Jan 06 - MARINE FUEL 0.5%: December ends quietly but market optimism abounds for 2021 demand
Global marine fuel 0.5%S markets experienced slow demand ahead for much of December, though the market expects widening cracks and higher demand after the new year.

Jan 06 - Platts FOB Singapore 2020 fuel oil swaps trade volume slips 10% from 2019
Marine Fuel 0.5%S trade volume surges to 39.62 mil barrels in 2020. Singapore fuel oil swap trade volume falls 10% in Dec from Nov.

Jan 06 - IMO 2020 caused a stir but shipping's future energy transition looks tougher still
Industry successfully navigated sulfur cap. Next targets will be even harder. Credit access may get trickier.

Dec 31 - Clean tanker owners weigh options, face extended doldrums into H1 2021
As the coronavirus pandemic continues to stifle petroleum product demand globally, the clean tanker market looks to be in store for an extended period of breakeven if not negative tanker earnings as far out as the second quarter of 2021, according to market participants.

Dec 31 - Spring contract season may solidify container carriers' newfound pricing power
Container box shippers and forwarders could be in for historically high rates and contentious contract negotiations with carriers upon first quarter 2021 contract renewals and a shift from term to spot volumes, following changing market norms brought on by the coronavirus pandemic.

Dec 31 - S Korea's SK Energy to start high sulfur bunker supply from end-Jan 2021
- source
SK to be second regular supplier after GS Caltex . SK plans to import HSFO from Singapore.

Dec 31 - Zhoushan's Q1 Marine Fuel 0.5%S term inked at parity to MOPS Gasoil 10 ppm
Term contractual supply of marine fuel 0.5%S bunker for the first quarter of 2021 at China's port of Zhoushan was reportedly concluded at parity to the Mean of Platts Singapore Gasoil 10ppm assessments, market sources said.

Dec 31 - LNG Bunker: Germany's BMVI extends grants for LNG ship conversion to Dec 2021
North Asian spot LNG prices continued to surge on tight shipping conditions. Gazprom Neft's new LNG -bunkering vessel completes its main construction phase and is set afloat.

Dec 31 - Germany's BMVI extends LNG bunker retrofit grants until Dec 2021
Vessels can receive grants to cover 40%-60% of conversion costs to LNG bunkering. BMVI has invested Eur30 million across 12 equipment and retrofitting projects to date.

Dec 30 - S Korea 0.5%S marine fuel premium hits three-month high on tight supply
Tight product availability led the South Korea 0.5%S marine fuel premium over FOB Singapore 10 ppm gasoil cargo for delivery at Busan/Ulsan to rise to a three-month high at $24.50/mt Dec. 29, S&P Global Platts data showed.

Dec 30 - European VLSFO cracks hit nine-month high despite poor demand
The 0.5%S European marine fuel cracks hit nine-month highs on Dec. 29 despite weak demand through December.

Dec 30 - Buckeye completes second deepwater dock at South Texas Gateway; first VLCC births
Buckeye Partners' South Texas Gateway project in Corpus Christi saw the completion of its second deepwater dock on Dec. 30, as well as the arrival of the first VLCC tanker to berth at the terminal, the company said Dec. 30.

Dec 29 - Container shippers hoping for rate relief in Q1 2021 may have to wait
Shippers hoping for a break from escalating container rates in the new year may need to endure several more weeks of challenging market conditions before an increase in box supply in Asia balances with demand for available capacity.

Dec 29 - Platts launches Houston-Morocco VLGC implied freight rate for LPG

S&P Global Platts has begun publishing a calculated Houston-Morocco VLGC freight rate for LPG, derived from an existing Houston-Northwest Europe VLGC spot freight assessment, from Nov. 11, 2020.

Dec 28 - Residue stocks drop to one-year low in week to Dec 23
Singapore's commercial onshore residue stocks dropped 10.7% week on week at 20.394 million barrels, or 3.21 million mt, in the week to Dec. 23 due to lower imports, Enterprise Singapore data showed Dec. 24.

Dec 28 - Americas Bunkers Key market indicators Dec. 28-Jan. 1
Retail marine fuel spot markets entered the week of Dec. 28-Jan. 1 following a week of bullish demand, but liquidity may slow down heading into the end of the year as demand remains weak.

Dec 28 - US Gulf Coast-loading VLCC rates expected to pick up by Q3
Freight rates for US Gulf Coast loading VLCCs and Suezmaxes are expected to remain low until the second or third quarter of 2021, as the coronavirus pandemic continues to hamper tanker demand.

Dec 28 - Bunker prices in Argentina edge lower as stoppage by agricultural workers continues
Prices for marine fuel 0.5%S in Argentina fell 1.9% from Dec. 21 to Dec. 24 amid a stoppage by oilseed workers and grain inspectors demanding higher salaries.

Dec 28 - Asia residual fuel - Key market indicators this week
Asia residual fuel markets are expected to be supported in the week started Dec. 27, if not trading firmer than prevailing levels, as the market goes into trading second half January 2021 loading cargoes, traders said.

Dec 24 - Global cargo logjam deepens, delaying goods bound for retailers, automakers
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe. A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows. 

Dec 24 - Booming Taiwan urges shippers not to jack up prices amid container shortage
Taiwan's government has urged shipping companies not to unfairly push up their prices amid a global squeeze on shipping containers and a shortage of space on cargo ships, the transport ministry said on Friday. Trade-dependent Taiwan, a tech powerhouse, has benefited from demand for telecommuting products like tablet computers amid the COVID-19 pandemic, which has forced millions to work and study from home.

Dec 24 - Grain traders complain of delays in getting Russian customs papers
Grain traders said on Thursday they are experiencing delays in obtaining export documents from Russia's customs service, leading to the late departure of several ships. Russia, one of the world's largest wheat exporters, is attempting to stabilise food prices with a grain export quota and a wheat export tax of 25 euros ($30.6) per tonne within that quota from mid-February to the end of June.

Dec 24 - Private equity firm IG4 concludes acquisition of grain terminal in Brazil
Private equity fund IG4 on Wednesday concluded the acquisition of Brazilian logistics company CLI, which operates one of the country's largest grain terminals in the northern port of Itaqui as part of a consortium. The deal is valued at roughly $240 million, including the acquisition of debt from CLI's controlling shareholder, CGG Trading, which was converted into equity, and some debt restructuring. 

Dec 24 - Brief strike ends at Canada's Westshore coal terminal
A brief strike effectively ended at a Canadian coal export terminal after the local union said it reached a tentative agreement with Westshore Terminals Investment Corp. Westshore said in a statement on Sunday it reached a two-year collective agreement with the union, ILWU Local 502, after the previous deal and two others expired on Jan. 31. 

Dec 24 - DP World to build new port in Senegal costing over $1 billion
Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday. DP World Dakar, a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar (PAD), will finance, design and develop land and maritime infrastructure for the new 600-hectare (1483 acres) port about 50 km from the existing port.

Dec 24 - Ecuador October refinery output slips on year to 5.55 million barrels
Ecuador produced a total of 5.55 million barrels of fuels refined from crude oil in October, a 4.2% decrease from October 2019, but a 2.6% increase from September, according to data available Dec. 24 on the central bank's website.

Dec 24 - NYMEX crude gets a boost from Brexit deal
Crude futures were largely rangebound and slightly bullish in preholiday trade Dec. 24, getting a lift on a preliminary Brexit deal.

Dec 24 - Panama Canal wait times rise for Asia-bound LNG cargoes without reservations
Average Panama Canal passage wait times for Pacific-bound LNG tankers stood at 13 days recently, an increase from October when the delays began in earnest, the Panama Canal Authority has reported.

Dec 24 - Pembina's focus on Canada growth renews uncertainty over Jordan Cove LNG

Pembina Pipeline sees better near-term opportunity growing in Canada than in the US as the timing of its Jordan Cove LNG export project in Oregon remains uncertain amid commercial and state regulatory challenges, the company said Dec. 14.

Dec 24 - ARA gasoline stocks down 4.8% on week, naphtha up 22% -
Insights Global
Gasoline inventories in the Amsterdam-Rotterdam-Antwerp trading hub, as measured by Insights Global, showed a 4.8% drawdown to 1.302 million mt in the week to Dec. 24, while naphtha stocks increased 22% to 438,000 mt.

Dec 24 - UK, EU agree to provisional post-Brexit trade agreement
The UK and EU have reached a provisional deal over their future trading relationship, avoiding the prospect of the two sides imposing tariffs on billions of dollars worth of imported goods from next year.

Dec 24 - Jet, kerosene stocks rise 1.2% on week to 917,000 mt - Insights Global
Jet/kerosene inventories in the Amsterdam-Rotterdam-Antwerp trading hub edged 1.2% higher to 917,000 mt in the week to Dec. 23, Insights Global data released Dec. 24 showed.

Dec 24 - Hapag-Lloyd order six LNG fueled container vessels; EC grants agreement for LNG bunker barge in Algeciras
The Singapore LNG bunker fuel price was assessed at $13.551/MMBtu Wednesday, with a $1.976/MMBtu spread to the JKM.

Dec 24 - More gloom for European refiners on weak margins, new capacity
More European refinery closures and conversions are on the cards for 2021 after dominating the sector in 2020 when the COVID-19 pandemic led to plunging demand for most oil products, with very weak margins and new capacity weighing on the sector next year.

Dec 24 - Med 0.1% gasoil cargo premiums hit 6-week low on reduced demand
Cargoes of 0.1% gasoil in the Mediterranean fell to their lowest premium in six weeks as demand dropped and gasoil exports from the Black Sea rose adding supply.

Dec 24 - Argentina port workers say they will spend Christmas on strike despite new pay offer 
Argentine oilseed workers and grains inspectors said on Wednesday they will spend Christmas on strike, further bogging down agricultural exports by extending a work stoppage that started on Dec. 9. The latest offer from the CIARA-CEC chamber of soyoil manufacturers and exporters was issued late on Tuesday. It was rejected by the SOEA union of oilseed workers and the Argentine federation of oilseed workers.

Dec 23 - Japan's ENEOS raises weekly wholesale oil product prices by Yen 500/kiloliter - sources
Japan's largest refiner ENEOS has raised the weekly domestic wholesale base prices of its five major rack petroleum products by Yen 500/kiloliter (77 cents/b), marking a fourth consecutive weekly increase, market sources told S&P Global Platts Dec. 23.

Dec 23 - EIA says crude exports rise to three-week high of 3.1 million b/d
US crude oil exports rose 472,000 b/d to reach about the year-to-date average of 3.1 million b/d for the week ended Dec. 18, weekly Energy Information Administration data showed Dec. 23.

Dec 23 - Lower Permian gas production, higher prices promise shift in 2021 flows
A steep drop in Permian gas production this year is driving a significant shift in regional flow dynamics that's likely to endure into 2021 as higher West Texas gas prices cut supply flowing to the Midcontinent and San Juan markets.

Dec 23 - Recovering middle distillate margins to put pressure on Asian gasoline - sources
The recent recovery in Asian middle distillate margins is expected to inject headwinds onto the Asian gasoline market, as fresh supply of gasoline appears amid rising run rates in several refineries in the region, industry sources told S&P Global Platts during the week starting Dec. 20.

Dec 23 -  Oil Complex settles higher on dollar weakness, stock draws
Petroleum futures settled higher Dec. 23 on US dollar weakness following news of a possible post-Brexit deal, and on inventory draws reported by the US Energy Information Administration.

Dec 23 - Global oil supply set for shake-up in 2021 as crude, refining squeeze resumes

Global oil demand is expected to rebound from the nadir of COVID-19 lockdowns in 2021 but the expected surge of Middle Eastern crudes and robust biofuel growth has implications for the global crude slate and refiners alike.

Dec 23 - EIA says Midwest ULSD stocks draw to over three-year low
Ultra low sulfur diesel stocks in the Midwest drew to an over three-year low during the week ended Dec. 18, US Energy Information Administration data showed Dec. 23.

Dec 23 - East Mediterranean gas progress in 2021 needs innovative politics
2020 was supposed to be the year that the Cypriot energy sector finally got down to business.

Dec 23 - Crude falls on stock build, US stimulus flip-flop
0523 GMT: Crude oil futures were lower during afternoon trade in Asia Dec. 23, as the market reacted negatively to news of a stock build, with an apparent flip-flop on US stimulus measures further adding to the bearish sentiment.

Dec 23 - Risks loom for Mexico's refined products market as country faces second lockdown

An increase in coronavirus cases in Mexico's capital could lead to another national lockdown in 2021, dragging down demand for refined products.

Dec 23 - Oil Complex rallies on inventory draws, pending Brexit deal
Crude and refined products futures rallied midday Dec. 23 after the US Energy Information Administration reported draws in petroleum inventories, and on US dollar weakness following news of a possible Brexit deal.

Dec 23 - European marine fuel hopes for calmer waters after rocky 2020
The European marine fuel market is hoping for calmer waters in 2021, with market sources anticipating a stronger year ahead as the rollout of coronavirus vaccine programs allow global activity to recover.

Dec 23 - UK utility SSE to sell gas E&P assets to Viaro Energy on emissions push
UK power generator SSE has agreed to sell its portfolio of UK gas exploration and production assets to Viaro Energy for GBP120 million ($161 million) as it looks to focus on its net-zero emissions ambitions.

Dec 22 - Ukraine appoints ex-Naftogaz official Vitrenko as acting energy minister
The Ukrainian government at a special meeting on Dec. 21 appointed Yuriy Vitrenko, formerly a senior official at state-owned Naftogaz Ukrayiny, as acting energy minister, in a move that could put him at odds with former ally, Naftogaz CEO Andriy Kobolev.

Dec 22 - Saudi crude keeps flowing to Red Sea as East-West Pipeline repairs continue
Saudi Arabia's Red Sea crude terminals have taken on critical importance since tensions with Iran have threatened the key Gulf shipping lane through the Strait of Hormuz over the past few years.

Dec 22 - Singapore 10/500 ppm gasoil spread hits 3-month high on poor demand for medium sulfur grade
The price spread between ultra-low sulfur diesel and 500 ppm sulfur gasoil loading from the main Asian trading hub of Singapore widened to a more than three-month high amid diverging fundamentals between the two grades, with demand for the medium sulfur grade declining.

Dec 22 - USGC middle distillate shipments to Europe stall at 280,000 mt amid strong HOGO
Middle distillate shipments from the US Gulf Coast to Europe in December were unchanged at 280,000 mt Dec. 22, with the arbitrage route heard closed due to a strong HOGO spread.

Dec 22 - Crude slides more than 2% amid pandemic-fueled demand concerns
Crude futures settled lower Dec. 21 as the spread of a new COVID-19 strain in the UK prompted more lockdowns, pressuring demand outlooks.

Dec 22 - Cheniere receives LNG cargo cancellation for February from Italy's Enel
Italian utility Enel cancelled an LNG cargo for February delivery from Cheniere Energy, which operates two liquefaction terminals and is the biggest exporter in the US, market sources said Dec. 21.

Dec 22 - Resilient LPG and naphtha to find continued support in 2021
European naphtha and LPG markets look set to remain relatively resilient into 2021 as cracking and heating demand continue to provide support, in contrast with much of the rest of the oil complex which has suffered through the coronavirus pandemic.

Dec 22 - Prices fall as Brazil sells 1.18 bil liters of biodiesel at latest auction - ANP
Brazil boosted the volume of biodiesel available at the country's 77th supply auction and reduced prices, offsetting concerns about tight supplies and potential adjustments to the biodiesel-diesel mandate to start 2021, according to results of the sale published Dec. 21 by the National Petroleum Agency, or ANP.

Dec 22 - Gulf Coast diesel slips to two-month low, offline market follows
The Gulf Coast diesel market fell to a two-month low on Dec. 21, falling for the fifth consecutive day.

Dec 22 - H2 Dec-loading jet fuel heads to Asia on positive sentiment, rising demand
The volume of jet fuel headed to Asia have seen a fourfold increase for second-half December loadings from the Middle East and India, compared with first-half December, underscoring the pick-up in the Asian aviation sector, industry sources said.

Dec 22 - More than 100 grains cargo ships delayed by Argentine port workers strike
More than 100 cargo ships were kept from loading agricultural goods in Argentina on Monday, as a wage strike by grains inspectors and oilseed workers stretched into its second week, paralyzing exports from one of the world's breadbaskets. Argentina is the No. 1 international exporter of soymeal livestock feed used to fatten hogs and poultry from Europe to Southeast Asia. Contract talks between workers and export companies have broken down over compensation packages, with both sides accusing the other of intransigence.

Dec 21 - Brazil's Enauta to take full control of the offshore Atlanta Field
Brazilian independent oil and natural gas producer Enauta will take over full control of the offshore Atlanta Field and assume erstwhile former partner Barra Energia's 50% stake, Enauta said in a statement Dec. 21.

Dec 21 - Singapore's jet fuel crack at 9-month high on hopes of aviation recovery
The Singapore front month jet fuel/kerosene derivative crack spread against Dubai crude swaps -- a measure of the product's relative strength to crude -- reached a nine-month high at the Asian close on Dec. 18 due to renewed hopes that the aviation sector was due to see a steady, albeit slow, recovery, industry sources said.

Dec 21 - Rare Indian jet fuel cargo to arrive in US West Coast in January
A cargo of Indian jet fuel is making its way to the US West Coast for the first time in four years, marking a rare move as Indian jet fuel cargoes typically land in the US Atlantic Coast and not the USWC due to freight economics. North Asia and Southeast Asia are the usual suppliers of jet fuel to the USWC.

Dec 21 - Americas Bunkers Key market indicators Dec. 21-25
Spot bunker prices in the Americas strengthened in recent days, with supply concerns in some Latin American ports and subdued demand on the Gulf Coast.

Dec 21 - Middle East-Asia oil sectors to shape global refining revolution in 2021
The global oil refining map is being redrawn. Simple, traditional refineries are being superseded by complex mega-plants. Meanwhile, the ailing downstream sector, particularly in Europe and the US, is either shutting down or shifting away from classic oil products to bio-refineries, and middle distillates are losing popularity to petrochemicals.

Dec 21 - Asia middle distillates - Key market indicators this week
The Asian middle distillates market started the week of Dec. 21 on a stable note, with gasoil and jet fuel/kerosene largely rangebound amid a seasonal lull ahead of year-end festivities.

Dec 21 - EMEA middle distillates: Key market indicators this week
Outright prices of European distillate were seen retreating on Dec. 21 from the nine-month highs reached on Dec. 18, as sentiment is weighed down by the new strain of the virus which led more and more countries to close their borders with the UK.

Dec 21 - European LSGO futures net speculative length rises amid higher flat prices
Speculative net long positions in ICE low sulfur gasoil futures swelled by 6,941 contracts to 61,248 in the week to Dec. 15, according to ICE data released Dec. 21.

Dec 21 - Asia light ends - Key market indicators this week
Asia's light ends markets were mixed early Dec. 21, with gasoline and naphtha posting losses amid a weaker Brent crude complex, while propane shrugged off crude losses to climb further on supply tightness and arbitrage cargo delays from the US to Asia.

Dec 21 - Confidence gradually lifts in battered North Sea oil and gas industry
The North Sea oil and gas industry enters 2021 picking up the pieces after a vertiginous price collapse, but with an optimism that it has more to give, as new companies, projects and exploration help navigate the energy transition.

Dec 18 - Finland's Gasum performs first bunkering with LNG-LBG blend
LNG bunker vessel Coralius delivered a fuel blend of LNG, 10% renewable LBG. LNG-LBG mixtures offer lower emission alternative to conventional marine fuels.

Dec 18 - European mobility slips as new wave of restrictions kicks in
Germany, UK, France among countries with tighter curbs. European demand impact seen at 1.6 million b/d in 2020.

Dec 18 - Polish refiner Grupa Lotos to invest in green hydrogen production
Plans to build 100 MW electrolysis plant by 2025. Targets 1 GW of electrolysis capacity by 2030. Associated gas plant to grow from 20 MW to 200 MW.

Dec 18 - Sri Lanka's Ceypetco to hike Jan, Feb fuel oil imports ahead of refinery maintenance
Sri Lanka's state-owned refiner, Ceylon Petroleum Corp., is due to increase its import of 180 CST fuel oil over January-February, 2021 as the refiner prepares for maintenance of its 50,000 b/d Sapugaskanda refinery, a company source said late Dec. 17.

Dec 18 - Shutdown of S Korea's coal-fired power plants to spur LSFO demand further
Korea East-West Power raises December LSFO purchases. IMO 2020 transition, local ECAs spur LSFO demand. Refiners' run cuts support 0.5% sulfur marine fuel prices.

Dec 18 - Australia Oct crude oil exports fall 31% on year at 7.07 million barrels
Australia's exports of crude oil and other refinery feedstock fell for the second month in a row in October, after hitting a 10-year high in August, preliminary data from the Department of Industry, Science, Energy and Resources showed.

Dec 18 - Singapore Light distillate stocks rises 2% as gasoline imports hit 4-month high
Increase in Chinese gasoline cargoes lead import rise. More gasoline from ZPC ahead. Asian naphtha on steady recovery.

Dec 18 - Thailand's PTTGC offers IMO-compliant fuel oil for end-Jan
The company last sold 50,000 mt of IMO 2020-compliant fuel oil with minimum 100-380 CST viscosity for Dec. 26-28 loading from its Map Ta Phut refinery, at a discount of around $3/mt to Mean of Platts Singapore Marine Fuel 0.5%S assessments, S&P Global Platts reported earlier.

Dec 18 - Singapore Residue stocks rise 2% to 23 mil barrels on weak demand
Bunker demand weakens on higher crude oil markers. Singapore fuel oil imports fall 4.8%

Dec 18 - ARA fuel oil stocks rise 8% on week to 1.263 mil mt - Insights Global
Demand absent amid pandemic. Most fuel oil cracks seen to rise.

Dec 18 - AustroCell Hallein ships first delivery of advanced bioethanol to OMV
Austria's OMV said Dec. 18 it has received the first trial delivery of advanced bioethanol from AustroCel Hallein.

Dec 18 - Kenya mulls converting Mombasa refinery to biofuel plant using Eni technology
Talks cover bio-waste recovery and use plan. Mombasa refinery was mothballed in 2013. Eni using HVO technology at its own bio-plants.

Dec 18 - Bunkerworld Index: Bunker prices rise, shaking off bearish fundamentals

Tepid demand at Singapore expected to last through December. Supply of 0.5%S FO in Europe set to ease. USGC markets likely to see subdued demand through December.

Dec 18 - S Korea's Q1 2021 term marine fuel 0.5%S done higher versus Q4
Term contracts for the supply of marine fuel 0.5%S between refiners and traders at the main South Korean ports of Yeosu, Busan and Ulsan for the first quarter of 2021 were concluded at around flat to the Mean of Platts Singapore Gasoil 10 ppm assessments, higher compared with the levels done for the fourth quarter of 2020 contracts, market sources said.

Dec 18 - S Korea's shipbuilders, vehicle makers face output cuts hurting steel plate demand
Partial strikes and the COVID-19 pandemic have affected production at South Korea's shipbuilders and vehicle makers towards the end of 2020, that could reduce the demand for steel plates.

Dec 18 - Saudi Oct jet fuel exports slip 27% on tepid air travel demand
Oct traffic at Middle East airlines drop 86.7%: IATA. Air, land, sea transport restrictions to end in 2021.

Dec 18 - Singapore Jet fuel, gasoil stocks rise 3%; jet fuel exports plunge
Inventories hold above 15 mil-barrel mark for fourth straight week. Singapore net importer of gasoil as inflows surge. Jet fuel exports plunge on tepid regional air travel demand.

Dec 18 - China Nov fuel oil output rises 21% on year to 3 mil mt
China's fuel oil output in November climbed 20.8% year on year and 7.4% month on month to 3 million mt, according to the latest data released by the National Bureau of Statistics.

Dec 18 - China could become world's biggest refiner with 20 mil b/d capacity by 2025 - Sinopec
China forecast to account 40%-50% of new refining capacity. Oil products demand to peak in 2025 at 356 mil mt/year. 2021 oil products demand to rise 2% from 2019.

Dec 17 - Okeanis Eco Tankers recoups 64% of scrubber capex within two years
Payback expected to be 4-6 years. Hi-5 72% lower than at start of year.

Dec 17 - S Korea's EWP buys 540 CST LSFO for December
Korea East-West Power Co. bought low sulfur fuel oil, or LSFO, for December as South Korea shuts coal power plants this month, a company source said.

Dec 17 - South Africa's Cape Town still closed
South Africa's Astron Energy Cape Town refinery remained closed, the company said Dec. 17, but work has commenced on a plan for a safe restart though "it remains too early to determine when that will be".

Dec 17 - First VLGC powered by LPG headed from US toward Panama Canal - Platts cFlow
BW Gemini departed Enterprise facility Dec. 13. Achievement bullish for propane demand.

Dec 17 - Falconara desulfurization unit operational after works - source
API's 85,000 b/d refinery in the Italian coastal town of Falconara Marittima has completed works on its U2500 desulfurization unit and restarted it successfully after the maintenance and upgrade cycle, according to information provided by sources to S&P Global Thursday.

Dec 17 - Probunkers submits request for Singapore LNG bunkering license
Probunkers said Dec. 16 it has submitted a request to provide LNG bunkering operations in the Port of Singapore.

Dec 17 - Japan's domestic clean product shipments fall in Oct on weak jet fuel demand
Japan's total clean product domestic shipments fell 9% on the year to 5.02 million kl, or 31.58 million barrels, in October due to the weak domestic jet fuel demand, according to the latest data from the Japan Federation of Coastal Shipping Associations.

Dec 17 - Biden hones climate focus with recent slate of expected energy post picks
Granholm has record spurring renewables, EVs. McCarthy advanced key Obama climate rules. Buttigieg championed strong decarbonization goals.

Dec 17 - Gunvor invests in Artemis Technologies' push for low-carbon ships
Project targets vessels with zero emissions during operation. IEA predicts over 60% of emissions savings in 2070 to come from technologies unavailable.

Dec 17 - Naphtha export port Algeria's Skikda resumes ops after weather delays
Delays not impacting NWE prices despite stronger crack margin. Naphtha arb cargoes to the East delayed from Algeria.

Dec 17 - Bunkers may face bearish 2021 on VLSFO supply boost, mixed shipping prospects
Mostly firm sentiment for 3.5%S fuel oil. Oil inventories to weigh on tanker demand. Bullish streak in containers should last into Q1.

Dec 17 - Some maintenance ends in Europe, TAL shipments resume
Some maintenance has finished in Europe with refineries restarting but temporary closures remain in force at a number of plants, both full and partial.

Dec 17 - Dutch Pernis completes work on unspecified unit
Shell's Pernis refinery in the Netherlands has completed works on a unit that started mid-October, it said earlier this week, without specifying which unit.

Dec 17 - Prince Abdulaziz says OPEC+ committed to stable oil market, even with disagreements
OPEC+ should stay proactive, energy minister says. Saudi Arabia targets market stability, not specific oil price. Saudi budget slashes spending to narrow deficit.

Dec 17 - Container shipping strength to last into Jan-Feb - analysts
Sharp price rise implies cargoes being rolled over. Active capacity repositioning may incommode backhaul shippers.

Dec 17 - Malaysia frets over excess transport fuel supply after Oct refinery output hike
Gasoline output up 16% on month but driving activity tumbles. Domestic refiners plan to lower run rates in near term. Higher fuel exports weigh on regional gasoline market structure.

Dec 17 - Italy Oil product demand falls 16% in Nov amid restrictions - Unione Petrolifera
Italy's demand for refined oil products in November fell 16%, dropping 766,000 mt year on year to 4 million mt, curbed by new COVID-19 restrictions rolled out by the government, according to industry group Unione Petrolifera.

Dec 17 - Ship finance lenders fall short of sector's carbon targets in 2019
Many of the world's biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday. Global shipping accounts for nearly 3% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea. 

Dec 17 - Morocco launches tender for port in Western Sahara 
Morocco's equipment ministry called on Friday for bids to build a port in Dakhla, a city in disputed Western Sahara. The tender will close on January 28, 2021, it said in a statement.

Dec 17 - Explosives-laden boat hits fuel ship at Saudi port, ministry says
Saudi Arabia said on Monday that a fuel transport ship anchored at a Jeddah terminal was hit by an explosive-laden boat in what it called a terrorist attack, after shipping firm Hafnia said one of its tankers was struck by an "external source". A Saudi energy ministry spokesman, in a statement carried on state media, did not mention the name of the vessel or identify who was behind the attack. 

Dec 17 - UK draws up plans to rival Singapore with post-Brexit shipping regime - FT
The UK is drawing up plans to turn London into a rival for Singapore as a hub for shipping companies to register their vessels following the end of the Brexit transition period, the Financial Times reported, citing people briefed on the proposals. The proposals, described as "blue-sky thinking" are being worked on as EU-UK trade talks reach a crunch point in Brussels, the report added on Tuesday.

Dec 17 - Investor EnTrust Global turns sights to green shipping assets
U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green. Global shipping accounts for nearly 3% of the world’s CO2 emissions, putting the industry under pressure to clean up. About 90% of world trade is transported by sea.

Dec 17 - Turkey lowers import tariffs on some grains to zero until May
Turkey has lowered the tariffs on some grain imports, including wheat and barley, to zero until April 30, 2021, the country's Official Gazette showed on Thursday. The tariff previously stood at 20%. President Tayyip Erdogan approved the measure, which requires the imported materials to be used for production.

Dec 16 - Crude settles at 10-month highs following US inventory draw
Crude futures settled higher Dec. 16 on the heels of a larger-than-expected US crude inventory draw.

Dec 16 - US crude exports climb on week, end of year spike expected
US crude exports climbed on the week ended on Dec. 11 from a more-than two-year low, according to data released on Dec. 16 from the Energy Information Administration, as a flurry of fixture activity for the end of a year indicates a further jump in flows in future weeks.

Dec 16 - Fujairah Oil products stocks reach highest since late August

Stockpiles of oil products at the UAE port of Fujairah jumped 6.7% in the week to Dec. 14 to their highest level since the end of August, the latest data from the Fujairah Oil Industry Zone shows.

Dec 16 - Poseidon Principles report shows 20% alignment with IMO climate goals

Half of disclosing banks showed close alignment. Environmental conditions already affecting loans.

Dec 16 - Angola's Feb crude loadings down on month at 1.096 mil b/d
Total of 32 cargoes in Feb, down from 38 in Jan. No cargoes of Palanca, Saxi or Mondo to load in Feb.

Dec 16 - Asian transport fuel demand in for slow recovery despite vaccine hopes - sources
Underlying long-term jet demand fundamentals remain poor. Influx of Chinese gasoline barrels offsets buying interest: sources. Gasoil demand remains uncertain on rising infections.

Dec 16 - Iraq's SOMO sells straight-run fuel oil for Q1 2021 loading
SOMO last sold 475,000-871,000 mt of straight-run fuel oil loading in November and December to Shuaa Altaka, PTT and Anlel at a premium of $18-$20/mt to MOPAG 180 CST fuel oil assessments, FOB.

Dec 16 - Sri Lanka's Lanka IOC seeks marine fuel 0.5% for H1 Jan delivery
Lanka IOC occasionally seeks marine fuel 0.5% volumes from the spot market via tender to meet bunker demand at Trincomalee.

Dec 16 - Container rates soar on the North Asia-to-Europe trade routes
North Aisa-to-UK route sees three-and-a-half-fold increase. Rates expected to hold until Lunar New Year. CMA-CGM to increase capacity to Europe by 10% in 2021. Equipment shortage issues causing disruption on backhaul trades.

Dec 16 - ExxonMobil, Dutch Vopak to study potential South African LNG import terminal
Agree MOU to carry out feasibility study. S Africa eyeing gas to replace dirtier coal. US major says 'well positioned' to supply LNG.

Dec 16 - Algeria cuts fuel imports to zero in 2020 as demand sinks - Sonatrach CEO
Algeria has cut its fuel imports to zero this year as a result of falling demand, Toufik Hakkar, the CEO of Sonatrach, said on the private TV channel Echourouk.

Dec 15 - Global tanker markets supported by Asian oil demand - IEA
Ton-mile demand up 4% in Nov on strong Asia demand. Small room for recovery in crude tankers. South Africa's Engen refinery halt presents upside for products.

Dec 15 - Repsol upbeat over 'profitable' transition to clean energy after COVID-19 jolt
Solar, wind to underpin fivefold capacity boost by 2030. Synthetic fuels, green-hydrogen key to competitive edge. Crude slate unlikely to change despite biofuel push.

Dec 15 - Norway approves Northern Lights CCS project to store CO2 from around Europe
CO2 transport and storage operations due on line 2024. Project to inject 1.5 mil mt/year in N Sea reservoir initially. European neighbors expected to join Norwegian project.

Dec 15 - Global refinery throughput expected to increase through Jan - IEA
Global refinery throughputs are expected to continue rising from October through January, after falling in October under the impact of maintenance in Europe and hurricane impact in the

Dec 15 - US Gulf Coast, the International Energy Agency said Dec. 15.
BW LPG commits three more VLGCs to LPG dual-fuel retrofitting, bringing total to 15.

Dec 15 - South Korea's EWP boosts LSFO purchase amid coal power plants shutdown - source
South Korea plans to shut nearly 16 out of 60 coal-fired power plants for three months starting December.

Dec 15 - Titan conducts first LNG bunkering on bulk carrier in Rotterdam
Titan LNG delivers LNG to the dry bulk carrier M/S Haaga. LNG used to refuel a vessel on the Great Lakes, Canada for the first time.

Dec 15 - Med dirty Handysize freight rates surge on tight tonnage
Freight rates in the Mediterranean and Black Sea Handysize market have risen in the first half of December on a confluence of factors, including bad weather, increasing Turkish strait delays and more cargoes being pushed out of refineries.

Dec 15 - OMV invests in biofuel output at Austria's Schwechat
OMV has said it is investing around Eur200 million ($243.1 million) in biofuel production at its Schwechat refinery in Austria. As a result, the refinery "will be able to substitute large quantities of fossil diesel with biodiesel in an innovative co-processing approach."

Dec 15 - Gulf Oil's purchase of Ocean Tankers assets to have limited impact on Singapore bunker market - sources
"The market recovered quite quickly from the shock of Hin Leong's exit earlier this year, and there are enough and more bunker suppliers here to meet vessel demand for bunker fuel," a source said.

Dec 15 - Gasum's Coralius hits new LNG ship-to-ship bunkering record
"So far Coralius has done several hundred ship-to-ship LNG bunkerings," Gasum said.

Dec 14 - Americas Bunker Key market indicators Dec. 14-18
Retail marine fuel spot markets enter the week Dec. 14-18 on a bullish kick while shaking off weak demand, as recent gains in key global energy indicators have propped up values.

Dec 14 - Sri Lanka's Ceypetco seeks 30,000 mt fuel oil for Jan 11-12
The last tender seeking 5,000 mt of 180 CST HSFO with maximum 3.5% sulfur, and 24,000 mt of 180 CST grade either 0.5% sulfur or 1.8% sulfur, for delivery in Dec. 27-28 was reissued with a change in volume.

Dec 14 - Supply tightness supports spike in bunker prices in some LatAm countries
Highest price jump for 0.5%S seen in Cartagena. Talk of short avails of VLSFO heard in Ecuador.

Dec 14 - India Nov oil products demand rises 0.4% on month to 4.7 mil b/d
Demand rises on-month amid mild economic revival. Fuel oil demand higher than Jet demand.

Dec 14 - Asia residual fuel market - Key market indicators this week
Falling demand for 180 CST and 380 CST high sulfur fuel oil from the power sectors in South Asia and the Middle East is weakening sentiment in both markets, but in the case of the 380 CST grade, strong demand from the Singapore bunker market was providing some support.

Dec 14 - Singapore Marine Fuel 0.5%S cash differential flips to discount on slower buying activities
First discount since Sep 24. Bunker demand weakens amid festive season.

Dec 14 - Freepoint expands Asia LSFO footprint by supplying maiden cargo to Pertamina terminal
Sambu terminal received first LSFO cargo from Freepoint in December. Terminal expected to ramp up to optimal LSFO utilization in 2021. Freepoint eying more spot, term LSFO deals in other Asian markets.

Dec 14 - India's MRPL sells 25,000 mt LSFO for early Jan loading
MRPL last sold 25,000 mt of marine fuel with maximum 0.5% sulfur for loading over Dec. 13-15 to Shell, S&P Global Platts reported earlier.

Dec 14 - Iraq Nov oil output falls 4%, below OPEC+ quota, SOMO says
Federal output drops 5% as exports hit by bad weather. Kurdish Nov production, exports rise on month. Total domestic oil use steady in Nov.

Dec 14 - OPEC report shows room to raise output with allies while keeping oil market balanced
OPEC analysts lower 2021 demand forecast. But call on OPEC still well above Nov. output. Report will inform upcoming OPEC+ talks.

Dec 14 - UK to end support for fossil fuels overseas -
PM Johnson
Major policy shift as taxpayer support to end for fossil fuels. China unveils modest increase to 2030 climate targets. Pakistan to stop building coal-fired power plants.

Dec 14 - Australia's Fortescue inks hydrogen MOU with Japanese partners

Fortescue Metals Group has inked a memorandum of understanding with Kawasaki Heavy Industries and Iwatani Corporation to potentially supply Japan with liquid hydrogen as Australia vies to become a major renewable hydrogen exporter.

Dec 14 - Vietnam Nov refined product imports fall 41% on year
Vietnam imported 597,756 mt of oil products in November, a 40.7% year-on-year decline, according to preliminary data released by Vietnam Customs Dec. 14.

Dec 14 - Hong Kong Oct fuel oil imports jump to 3.72 mil barrels
Imports averaged 3.23 mil barrels/month in Jan-Oct. Total imports in Jan-Oct at 32.27 million barrels.

Dec 14 - Explosion at tanker discharging gasoline cargo at Jeddah, Saudi Arabia
Tanker hit by 'external source' while discharging at Jeddah. Limited impact on gasoline due to long supply in Middle East. Hafnia confirms explosion, fire on BW Rhine. Second tanker explosion in Saudi Arabian waters in less than three weeks.

Dec 14 - S Korea's Hyundai Rotem to start production of hydrogen reformers by end Dec
South Korea's Hyundai Rotem will start making hydrogen reformers at a plant in Uiwang, south of Seoul, by the end of December, the company said Dec. 14, having completed construction that began in July.

Dec 11 - Crude edges lower as FDA vaccine approval drags, US Congress deadlocks on stimulus bill
Crude futures settled lower Dec. 11 as demand outlooks came under pressure, with US pandemic lockdowns spreading and the US Congress deadlocked on stimulus spending.

Dec 11 - Europe's TAL pipeline resumes shipping after snow-related glitch - sources
The Trans-Alpine pipeline, which ships crude oil from the Italian port of Trieste to refineries in Austria, Germany and the Czech Republic, resumed operations in the morning of Dec. 11 after problems due to heavy snow in the Alps through which it runs, according to sources.

Dec 11 - Bunkerworld Index: Marine fuel prices rise as vaccine stokes bullishness on crude
Demand uptick at Singapore not anticipated to last. Tightness at Durban following refinery explosion. Supply constraints in Latin America expected to support prices.

Dec 11 - EU carbon prices hit all-time high as EU Council agrees 2030 emissions cut
Carbon prices rally to Eur31.30/mt. EU nations back 55% emissions reduction by 2030.

Dec 11 - Singapore Residue stocks drop 13% on week to 22 mil barrels as fuel oil imports fall
Fuel oil imports fall 15.7% on week. Seasonal demand lull lowers fuel oil exports.

Dec 11 - S Korea's Hyundai to invest $55 bil by 2025 to develop next-gen hydrogen fuel cells
South Korea's Hyundai Motor Co. aims to invest Won 60.1 trillion ($55.2 billion) by 2025 to expand its automotive business, which includes developing a next-generation hydrogen fuel cell system with enhanced performance and durability, the company said on Dec. 10.

Dec 11 - VLGC freight rates to Europe, Japan hit 5-year highs

Maintenance, route delays seen as contributing factors. LPG shipments to Asia to remain strong in 2021.

Dec 11 - North America LNG export growth ambitions face 2021 test over emissions

North American LNG export developers may have a smaller field of potential buyers in 2021 as European utilities appear hesitant to sign new long-term commitments for shale gas amid the bloc's carbon emission reduction goals.

Dec 11 - ARA fuel oil stocks fall 10.2% on week to 1.171 mil mt - Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region declined 10.2% week on week to 1.171 million mt in the week to Dec. 9, Insights Global data showed.

Dec 11 - Singapore Jet fuel, gasoil stocks fall to 5-week low on curtailed production, steady exports
Singapore's onshore commercial middle distillate stockpiles fell to its lowest in five weeks as curtailed refinery production and steady exports helped to provide some respite to swollen inventories that have been hovering at historical highs for most of the fourth quarter.

Dec 11 - Global CO2 emissions expected to rise in 2021 despite renewable energy growth
New wind and solar power capacity build will increase globally in 2021, but economic recovery, gas-to-coal switching and low fossil fuels prices will drive energy sector carbon dioxide emissions 1.4 gigatons (4.4%) higher year on year in 2021, S&P Global Platts Analytics said.

Dec 11 - UK spec ULSD premium over French spec rises on higher particles count in Baltic supply
Premiums for ultra-low sulfur diesel meeting new UK specifications introduced earlier this year have nearly doubled in December due to higher particle counts in diesel cargoes loading out of Baltic ports, according to sources.

Dec 11 - Americas Aframax freight set to rise ahead of holiday rush after plunging 47%-56%
Abundant charterer inquiry in the Americas Aframax market left sources calling freight for the benchmark US Gulf Coast-UK Continent route higher at w47.5-w52.5 early Dec. 11, after a slew of fixtures set the stage for a long-expected rise in freight for both Upcoast and trans-Atlantic Aframax routes.

Dec 11 - Construction of Russia's first LNG bunker vessel reaches final stage
Construction of Russia's first LNG bunker vessel has entered its final stage, following the installation of two 2,900 cu m tanks and other cryogenic equipment, producer Gazprom Neft said in a statement.

Dec 10 - ARA diesel, gasoil stocks rise 5.4% on week on fresh supply, flatlining demand - Insights Global
Stocks of diesel and gasoil in the Amsterdam-Rotterdam-Antwerp trading hub rose 5.4% to 2.577 million mt in the week to Dec. 9, Insights Global data released Dec. 10 showed.

Dec 10 - Argentina October oil refining fell 21.6% on year
Argentinian crude oil runs dropped 21.6% in October year on year, as a rise in asphalt and fuel oil production failed to offset declines in diesel, gasoline and jet fuel, the state statistics department said late Dec. 9.

Dec 10 - Bumps in oil demand recovery will change tanker trade patterns - BIMCO
Coronavirus-related uncertainties will haunt oil demand recovery in 2021 and will alter trade flows, Peter Sand, chief shipping analyst at BIMCO, said in a research note Dec. 10, changes the market is already starting to see as oil demand and prices begin to recover.

Dec 10 - January arbitrage flows to Asia slow for West African, Mediterranean crude

Wider EFS keeps interest low for Brent-linked grades. Alternatives such as US crude, ESPO, local grades more attractive to Asia refiners.

Dec 10 - TFG Marine announces ARA bunker operations, safe tests of bio-marine fuel
Some ARA barges will have MFMs. Biofuels account for only niche share of marine market.

Dec 10 - Novatek, Siemens Energy to work together on decarbonizing LNG, hydrogen
Russia's Novatek and Siemens Energy signed an agreement on Dec. 10 to jointly develop and implement technologies enabling production of LNG and hydrogen with a reduced carbon footprint, the Russian gas producer and LNG exporter said in a statement.

Dec 10 - NWE 3.5%S fuel oil crack loses steam ahead of year-end
The 3.5%S fuel oil FOB Rotterdam barge crack has halved since reaching a 2020 high at the end of October, with support evaporating as demand thins ahead of the end of the year and supply constraints ease, according to market sources.

Dec 10 - European Commission sees maritime, aviation sector hardest to decarbonize amid fresh targets
EC to propose adding shipping to EU ETS. Tougher carbon pricing will be key to aviation emissions reduction.

Dec 10 - Staff at Grandpuits, France on strike, deliveries blocked
- reports
Staff at the French Grandpuits have voted to join a second strike resulting in a blockade of product deliveries from the site as well as the nearby Gargenville oil terminal over Dec.10-12, according to local media reports.

Dec 10 - US LPG shipments to Asia on track for steady flows in 2021
Healthy propane supply to meet firm north Asian demand. Propane switches to premium over butane after three months. VLGC rates at four-five year peaks.

Dec 10 - Gulf Oil International reaches agreement to buy Ocean Tankers

Gulf Oil International has reached an agreement to acquire the lubricant blending plant with wharf access, storage tank farm, and terminal facility from Ocean Tankers.

Dec 10 - Australia's iron ore export hub clears port as tropical low approaches 
Pilbara Ports Authority said on Thursday it has started to clear large vessels out of Port Hedland, the world's biggest iron ore export hub, as it issued a cyclone warning. A tropical low located some 740 km (460 miles) southeast of Christmas Island, off Australia's northwest coast, is forecast to bring gale-force winds and significant swell as the cyclone approaches the Pilbara region, the port authority said in a statement. 

Dec 10 - Argentina's main grains port workers' unions launch new wage strike 
Argentine grains inspectors and oilseed workers started a new wage strike on Wednesday, organizers said in a joint statement, as stalling contract negotiations threatened to interrupt exports from one of the world's main bread baskets. Argentina, a top global supplier of corn, soybeans and wheat, is prone to work stoppages as employers are hard-pressed to increase wages faster than the country's high inflation rate. 

Dec 10 - Ships make record number of sailings through Arctic in 2020 
Ships sailing through the Arctic region's busiest lane along the Siberian coast made the highest number of trips on record this year as a quicker-than-expected melting of ice enabled more traffic, data showed. The Arctic has warmed at least twice as quickly as the rest of the world over the last three decades and shipping activity has picked up.

Dec 10 - Brookfield's Australian port listing overshadowed by China trade tensions 
Canadian Brookfield Asset Management's listing of its Australian coal port attracted tepid demand this week as environmental concerns and trade tensions with China weighed on investor appetite, sending the asset's shares plummeting. Shares in Brookfield's Dalrymple Bay Infrastructure (DBI) slumped 16% in the Dec. 8 trading debut and recovered only slightly on Wednesday, rising 0.46%. 

Dec 10 - U.S. targets North Korea coal shipments with new sanctions 
The United States has blacklisted six companies, including several based in China, and four ships accused of illicit exports of North Korean coal, the Treasury Department said on Tuesday. The United Nations Security Council banned North Korean coal exports in 2017. The 15-member body has unanimously boosted sanctions on North Korea since 2006 in a bid to choke off funding for Pyongyang's nuclear and ballistic missile programs.

Dec 10  - Australia's iron ore export hub clears port as tropical low approaches 
Pilbara Ports Authority said on Thursday it has started to clear large vessels out of Port Hedland, the world's biggest iron ore export hub, as it issued a cyclone warning. A tropical low located some 740 km (460 miles) southeast of Christmas Island, off Australia's northwest coast, is forecast to bring gale-force winds and significant swell as the cyclone approaches the Pilbara region, the port authority said in a statement.


Dec 10 - Argentina's main grains port workers' unions launch new wage strike
Argentine grains inspectors and oilseed workers started a new wage strike on Wednesday, organizers said in a joint statement, as stalling contract negotiations threatened to interrupt exports from one of the world's main bread baskets. Argentina, a top global supplier of corn, soybeans and wheat, is prone to work stoppages as employers are hard-pressed to increase wages faster than the country's high inflation rate.

Dec 09 - US crude exports fall to 2-year low; flows to Asia set to rebound
US weekly crude exports fell to a more than two-year low over the week ended Dec. 4, according to data released Dec. 9 from the US Energy Information Administration.

Dec 09 - US crude stocks race higher as exports test multiyear lows, imports surge
US crude oil stocks moved sharply higher in the week ended Dec. 4 as exports tested multiyear lows and imports surged to levels last seen in July, US Energy Information Administration data showed Dec. 9.

Dec 09 - Argentina October crude oil exports tumble 46% on year
Argentina's crude oil exports tumbled 45.8% in October year on year, as a recovery in domestic oil demand encouraged producers to sell more locally, Energy Secretariat data showed Dec. 9.

Dec 09 - Oil complex lacks direction after US crude build deflates overnight rally
Oil futures settled little changed Dec. 9 after a volatile session following a large US crude oil stock build.

Dec 09 - Oil products traded on Russia's Spimex in 2020 rise despite COVID-19 impact
Volumes of oil products that traded on Russia's St. Petersburg International Mercantile Exchange (Spimex) in 2020 has increased despite the impact of COVID-19, its President Alexey Rybnikov said Dec. 9.

Dec 09 - Russia Nov refining throughput down 8.7% on year at 22.249 mil mt
Russian refineries processed 22.249 million mt (about 5.4 million b/d) of crude in November, down 8.7% year on year but up 4.5% from October, according to energy ministry data released Dec. 9.

Dec 09 - Only one in five transport companies aligned with Paris climate deal - TPI

Fewer than 20% of transport companies globally are aligned with the Paris Agreement on climate change, a group of asset owners and managers said in a report Dec. 9.

Dec 09 - Brexit risks for commodity markets
The UK's tense negotiation of Brexit trade terms with the EU is prompting nervousness across the commodity space, with fears of a disorderly departure threatening long-established trade in commodities such as oil, and disruption in areas such as power, although some sectors such as sugar refining and grains may enjoy greater access to global markets.

Dec 09 - UK Port of Felixstowe to have high volumes into New Year as demand surge continues
Port working slightly below historic highs. Government stockpile of PPE expected to be cleared from port this week. Carriers seek faster turnaround time due to Asia equipment shortages.

Dec 09 - European oil traders ponder role in changing market
As European refinery closures gather pace, traders re-assess. Overall headcount may not reduce, but fewer in crude trading.

Dec 09 - New supplier TFG Marine ramps up to 540,000 mt/month sales of bunker fuel
TFG Marine plans to offer biofuels at ARA from Q1 2021. Fuel oil accounts for around 10% of Trafigura oil, oil-product sales. Fuel oil cracks rise against gasoline.

Dec 09 - Belarus Mozyr refinery ready to launch hydrogen unit
Belarus's Mozyr refinery is ready to launch a hydrogen unit -- the first stage of commissioning the new H-Oil hydrocracker.

Dec 09 - Asian fuel suppliers see near-term sales opportunity in Africa amid S African refinery outages
S Africa's refining capacity halves following Engen outage. S Korea, China aim to boost fuel sales to S Africa. Engen, Astron unlikely to restart in 2020.

Dec 09 - EIA says total US ULSD stocks build for second straight week to five-week high

Total US implied demand falls to three-month low. Midwest ULSD stock, production levels below five-year average. Gulf Coast production increases to 15-week high.

Dec 09 - Libyan oil exports to jump to 1.24 mil b/d in Dec - sources
Libyan crude, condensate shipments jump 16% in Dec. Boost in Es Sider, Zawiya, Zueitina exports. Robust demand for Libyan light sweets.

Dec 09 - Crude MOC: Cash Dubai continues upward trend on firm Asian demand
Strong interest from Indian refineries. Chinese interest reported in Iraqi tender.

Dec 09 - European groups join hydrogen project targeting $2/kg production
Aim to hit 25 GW of worldwide RES-based hydrogen production. $2/kg target feasible in four years: ACWA's Padmanathan. Project will test green ammonia for thermal generation.

Dec 09 - France's next aircraft carrier to be nuclear-powered
Nuclear power one of several options before shipping industry. More nuclear vessels could cause ripples in bunker industry.

Dec 09 - UK Honda plant halts operations on port congestion
Container rates almost double November's level. Customs concerns, coronavirus, Christmas support demand.

Dec 09 - Singapore Marine Fuel 0.5%S differential falls to near 2 1/2-month low on muted downstream demand
VLSFO at Singapore weakened in November. Other ports competitive.

Dec 09 - Singapore-bound VLCC carrying gasoil turns West, easing oversupply concerns
Move brings relief to Asian gasoil market. Asian gasoil complex rises as oversupply concerns fade.

Dec 08 - India's growing love for spot LNG may shift 2021 import strategy
India's growing interest to buy LNG cargoes based on spot prices may start to alter its import landscape in 2021, prompting producers to rethink their supply strategy, while gas demand could see double-digit growth as industrial and residential consumption revive.

Dec 08 - Goldman Sachs' Currie predicts 'long-lasting bull market' for virtually all commodities
Oil demand 102.5 million b/d in 2022, prices at $65/b end-2021. Energy transition to stimulate oil demand, EVs facing lithium shortfall. US stimulus to kick-start policy boost for demand globally.

Dec 08 - Russian 2020 river navigation closes late after early start
Mild weather has extended season. Fuel oil and vacuum gasoil typically transported by river for export.

Dec 08 - Singapore bunker market unfazed by Ocean Bunkering Services liquidation: sources
OBS cannot continue its business due to liabilities. Creditors meeting to be held Dec. 15. Singapore bunker market well diversified.

Dec 08 - Singapore's MPA extends relief measures until June 2021 amid COVID-19 hurdles
The cumulative amount of support under the package is S$33 million.

Dec 08 - Singapore fuel oil swap trades during Platts MOC surge 69.8% on month in Nov
The high sulfur bunker fuel oil market also continued to see strong demand in November.

Dec 08 - China's Zhoushan port Jan-Nov bonded bunker fuel supply rises 18% on year
China's budding bunkering hub, Zhoushan port, supplied 4.14 million mt of bonded bunker fuels over January to November, rising 18% year on year, an official from the Zhoushan Port and Shipping Administration Bureau said Dec. 8.

Dec 08 - Soaring VLGC rates unlikely to spark fresh wave of new buildings
Very Large Gas Carrier rates on the key Persian Gulf to Japan route soared to its highest level in almost five years and four months at $98.5/mt Dec. 8, but this would not trigger a fresh wave of new buildings in a well-supplied LPG shipping market, industry sources said.

Dec 08 - European diesel cargoes hit fresh highs on limited supply
Premiums for CIF NWE and CIF Med ULSD cargoes hit their highest point in four and five months, respectively, Dec. 7, on tightening supply-side fundamentals in both regions.

Dec 08 - Europe and Africa residual fuel: Key market indicators this week
The European fuel oil markets have seen demand decline with the approach of year-end; however, supply continues to be heard lower than typically expected with reduced refinery runs seen throughout this year.

Dec 08 - USAC distillate imports rise as region reimagines supply chains
Imports of distillate barrels to the US Atlantic Coast have surged in 2020, with the region looking to alternate sources of product to meet demand seen despite the fallout from the coronavirus pandemic.

Dec 08 - Oil products in spotlight as Brexit transition draws to close
EU took 68% of UK oil products exports in 2019. Little visibility on what is to come.

Dec 08 - Containers face fresh customs rules, demand spike ahead of Brexit transition deadline
December container rates almost double November levels. EU accounts for over half of UK imports. COVID-19 adds further pressure to supply chain.

Dec 08 - Poland's Gdansk launches hydrogen unit
Poland's second largest refiner, Grupa Lotos, said Dec. 8 it has commissioned a hydrogen recovery unit that will produce almost 9,000 mt of hydrogen a year.

Dec 07 - Americas Bunkers Key market indicators Dec. 7-11
Spot bunkers markets enter the week Dec. 7-11 on an overall bullish kick despite ongoing weak demand trends, with a stronger global crude complex providing underlying support as some ports started to show signs of life.

Dec 07 - Russia's Transneft sees 2021 oil shipments steady at around 9 million b/d
OPEC+ agreement in place to cut output against November 2018 levels **Deal allows Russian oil companies to raise production from January **Exports see share of shipments fall.

Dec 07 - Japan Hydrogen Association launched to develop supply chain, implementation
Membership totals 88, up from nine preparatory members. Japan to present actions plans for green growth strategy late Dec. JH2A to make hydrogen proposal to gov. for energy mix review.

Dec 07 - Nigerian Nov crude, condensate exports down 37,000 b/d to 1.65 mil b/d
Nigeria exports more to N. Europe in Nov, none to China. India, Netherlands largest buyers during month.

Dec 07 - Iran getting ready for higher oil output after Trump leaves office - state TV
Iran's oil exports averaging 700,000 b/d. Three months given to return to full capacity. US President Trump imposed 'maximum pressure' campaign.

Dec 07 - Oman's OSC adds new VLCC to fleet in export capacity drive
OSC upgrading fleet to comply with environmental regulations. Another VLCC to be added in 2021. Oman's Jan-Oct crude exports down 5.6% on year.

Dec 07 - Crude dips as most of California enters lockdown
Sentiment soured Dec. 7 after the reimposition of lockdown measures in Southern California and large parts of the Central Valley on Dec. 5.

Dec 07 - S Africa's Engen refinery shuts following Dec 4 fire
The fire broke out at approximately 7.10 am local time (0510 GMT) on Dec. 4, and was subsequently put out at 8.45 am.

Dec 07 - Singapore 180 CST high sulfur fuel oil cash differential flips to discount on waning power demand
"Pakistan is not likely to import January [delivery] cargo, so any bullishness in the 180 CST market tied to that is fading," said a trader.

Dec 07 - US LNG export terminals operate at or near capacity heading into peak winter use

US LNG feedgas deliveries hit a new record of almost 11.5 Bcf/d as Asian import prices continued to show strength heading into the peak winter demand period, S&P Global Platts Analytics data showed.

Dec 07 - NNPC invites bids for 2021 crude-for-products supply program
Nigerian National Petroleum Corp. has invited bids from trading houses and refineries that will lift Nigerian crude in return for refined products for a one-year period starting next year under the company's direct sale and direct purchase (DSDP) program.

Dec 07 - European LSGO futures net speculative length reaches fresh 3-month high
Speculative net long positions in ICE low sulfur gasoil futures rose 11,491 contracts to 54,475 in the week to Dec. 1, a fresh three-month high, according to ICE data.

Dec 07 - First European 0.5%S marine fuel paper indication seen in Platts MOC
The first 0.5%S marine fuel paper instrument was seen in the Platts Market on Close process Dec. 7, 11 months since the implementation of the International Maritime Organisations sulfur cap which came into play on Jan. 1, 2020.

Dec 07 - EMEA middle distillates key market indicators this week
European distillates markets were looking balanced due to a lack of supply, while demand remained weak as prices hit the highest since March.

Dec 07 - US refined product stocks expected higher amid pandemic-weakened demand
Pandemic-weakened US refined product demand likely pushed gasoline and distillate inventories higher last week, an S&P Global Platts analysis showed Dec. 7.

Dec 07 - USGC middle distillate shipments to Europe set to grow on weaker US market
Shipments of middle distillate cargoes from the US Gulf Coast to Europe are set to increase to 160,000 mt so far in December as the recent support for the US diesel market ebbs, according to S&P Global Platts trade flow software cFlow Dec. 7.

Dec 07 - Argentina's striking oilseed crushing workers to return to work Sunday - union 
Argentina's SOEA oilseeds crushers union said its members would end a strike and return to work on Sunday after consultations on Saturday. The union said in a statement he decision had been approved to halt strike action, taken on the demand of a bonus for working during the COVID-19 pandemic, and "operations of each oil company will resume for the San Lorenzo administrative area (a key agro-industrial hub north of Rosario) from the first shift on Sunday."

Dec 04 - Med 0.1% gasoil cargoes hit 11-week high against NWE on tight supply
Mediterranean 0.1% gasoil cargoes have climbed to their highest premium to their Northwest Europe counterpart due to tight supply in the region from low refinery run rates and a lack of Black Sea exports, sources said.

Dec 04 - Singapore Residue stocks rise 7% to nearly 26 mil barrels on higher fuel oil imports
Singapore's commercial onshore residue stocks edged 7.13% lower week on week to 25.751 million barrels, or 4.06 million mt, in the week to Dec. 2 amid a 27% surge in fuel oil imports, Enterprise Singapore data showed Dec. 3.

Dec 04 - MARINE FUEL 0.5%S: Improving demand prospects push prices to highest since March
Global marine fuel 0.5%S markets saw increased prices and premiums to crude in November, and though the global economic recovery has helped, some concerns remain about whether an increase in run rates among refiners in coming months, causing another supply overhang.

Dec 04 - USGC No. 2 gasoil drops past two-month low
US Gulf Coast No. 2 gasoil fell Dec. 4 to its lowest level in more than two months, pressured by little demand to ship up Colonial Pipeline.

Dec 04 - Panama Canal Authority to consider adding additional booking slots for LNG tankers
The Panama Canal Authority may add additional reserved LNG transit slots in the future to address the increase in US exports via the shortest route from the Gulf Coast to the key East Asia import market, the agency said Dec. 4.

Dec 04 - Bad weather halts bunker operations at Gibraltar: port authority
All bunkering operations at the port of Gibraltar have been suspended due to adverse weather conditions, Gibraltar's Bunkering Superintendent said.

Dec 04 - Bunkerworld Index: Prices keep rising amid signs of bullish sentiment
Fujairah, Singapore traders optimistic demand will rise. Novorossiisk tightens on reduced refinery output. Latin American demand supported by sentiment from vaccines.

Dec 04 - Offshore oil-exporting terminal Texas GulfLink receives key draft environmental review
The little-known Texas GulfLink project led by upstart Sentinel Midstream arguably took the lead in the now-stalled race to build offshore crude exporting terminals in Texas after becoming the first such project to receive a draft environmental impact statement from the federal government.

Dec 04 - Drybulk shipping feels the pinch after big scrubbers bet: analysts
Almost half of dry bulk new builds fitted with scrubbers in 2020: BIMCO. Payback time for scrubbers has widened to 4-6 years. Scorpio Bulkers selling assets after unsuccessful scrubber foray.

Dec 04 - Novorossiisk, Primorsk Jan-Oct freight turnover falls 21.9% amid constraints
Coronavirus weighs on crude demand. Crude transshipment falls 32% on year. Russia liquid bulk turnover down 10.2%

Dec 04 - ARA fuel oil stocks fall 11.4% on week to 1.304 mil mt: Insights Global
Players work down inventories for year-end. More supply than buying interest in market.

Dec 04 - Explosion, fire breaks out at S Africa's Engen refinery
Company to update later on Dec 04. Refinery had resumed operations after halting for poor demand.

Dec 04 - Hong Kong Dec 0.5%S marine fuel differential inked at minus $3-$5/mt, unchanged from Nov
Quarantine weighs on Hong Kong demand. Suppliers buying increasingly on spot, less on term-basis.

Dec 03 - Amid fight to curb coronavirus, U.N. urges designation of seafarers as key workers 
The 193-member U.N. General Assembly urged all countries to designate seafarers and other marine personnel as key workers on Tuesday after travel restrictions to combat the spread of COVID-19 have left hundreds of thousands stranded at sea for months. A unanimously adopted resolution encouraged governments to ensure safe ship crew changes and travel, allowing stranded seafarers to be repatriated and others to join ships.

Dec 03 - Brazil's Anec says no ships carrying soy to leave Brazil early December 
Anec, an association representing Brazilian grain exporters, said no ships loaded with soybeans are expected to leave local ports between Nov. 29 and Dec. 5, according to a statement on Tuesday based on ship line-up data. December is traditionally a weak month for soy exports, Anec said in a separate statement. The association added a lot of soy shipments were brought forward in the initial months of the COVID-19 pandemic.

Dec 03 - Fire at Syria's Tartous port silo extinguished, wheat offloaded 
An overnight fire in the main silo at Syria's Mediterranean Tartous port was extinguished on Sunday, and workers were transferring its entire wheat stockpile to other locations across the country, state media said. The 35,000 tonnes of stores wheat was undamaged in the fire, caused by an electric circuit, which lasted several hours and caused major cracks in the structure. Five workers who were offloading a vessel carrying wheat were injured, according to officials quoted by the state news agency SANA.

Dec 03 - Egypt extends import ban on white and raw sugar for 3 months 
Egypt has extended an import ban on white and raw sugar for three months, the trade and industry ministry said in statement on Thursday. The decision was aimed at tightening control over imported products amid precautionary measures to contain the spread of coronavirus, Trade and Industry Minister Naveen Gamea said in the statement.

Dec 03 - Chinese buying spree pressures EU grain market 
China's massive appetite for grain is rippling through Europe's markets, fuelling sharp price rallies as traders struggle to meet relentless export demand amid dwindling supplies. As local buyers like livestock feed makers vie with importers for a shrinking European cereal surplus, prices could continue rising until demand is dampened or next crops are harvested around the world, traders and analysts said.

Dec 03 - European ULSD shipments to US set to surge as spike to record highs
Cargo inquiries to ship ultra low sulfur diesel from Europe to the US Atlantic Coast surged on Dec. 2, continuing a run of unusually high volumes of ULSD making their way across the Atlantic as a reverse arbitrage holds firm.

Dec 03 - Hydrogen scale-up needed, but governments will play a role - IPHE panel
Hydrogen to comprise 10%-15% of total energy by 2050: IEA. Industry needs to move beyond colors.

Dec 03 - S&P Global Platts eyes inclusion of US crude in Dated Brent benchmark
WTI would be first non-North sea crude to be included. Dated Brent benchmark a global reference point. Proposal follows 2015 lifting of US export ban.

Dec 03 - Swedish Gothenburg port faces empty container deficit, launches initiative
Special conditions for handling empty containers. Container bottlenecks may support global freight rates into 2021.

Dec 03 - Firm low sulfur marine fuel demand lifts Sudanese crude premiums to 8-month high
First-half December loading Dar Blend was heard to have last traded at parity to small premiums to Platts Dated Brent, FOB.

Dec 03 - Singapore Dec marine fuel 0.5%S term premiums slip on weakening cargo market
The prevailing premiums for December indicated a dip in valuations for IMO-compliant marine fuel compared to November.

Dec 03 - Vitol agrees to $163.8 million in penalties for bribes in Latin America, attempted price manipulation
Global energy trading firm Vitol will pay nearly $164 million in penalties to US and Brazilian authorities following investigations of foreign bribes in Brazil, Mexico and Ecuador and attempted petroleum price manipulation, US authorities said Dec. 3.

Dec 03 - Platts LNG Bunker Weekly: BHP in deal with Shell for LNG bunker
BHP, Shell completed LNG bunkering deal that will facilitate 5 LNG-fueled bulk carrier. Titan LNG, TSO Fluxys delivered bunker barge to operate at Antwerp.

Dec 03 - VGO loadings from Russia's Tuapse flat on month at 120,000 mt in Dec
Reduced demand because of downstream factors. Fundamentals now almost balanced.

Dec 03 - European 0.5% fuel oil hits 7-month high against 3.5%
3.5%S FO weakens on improved availability. 0.5%S FO still supported, despite better availability.

Dec 03 - Asian refiners expect Iraq's Basrah Medium crude to help cut costs in 2021
New grade expected to simplify feedstock blending. Basrah Medium could be cheaper than other Persian Gulf grades. Some refineries cautious - find salt, sulfur content too high.

Dec 03 - South Korea needs to do more to decarbonize energy supply - IEA
South Korea in 2018 was the 12th-largest economy in the world by GDP, and the fourth-largest economy in the Asia Pacific region, after China, Japan and India.

Dec 03 - Sempra to sell stake in new infrastructure unit to fund North American LNG growth
Sempra Energy will help fund its North American LNG export expansion plans by selling a stake in a new unit that includes some of its natural gas and renewables assets, the company said Dec. 2.

Dec 02 - Spot bunker fuel prices strengthen across Latin America in November
November marked a period of mostly advances for Latin America bunker spot pricing, with ports in Panama, Brazil and Peru reaching multi-month or even historical highs, especially in the 0.5%S segment.

Dec 02 - Open interest for ICE Singapore marine fuel 0.5%S forward curve hits fresh high
Open interest for the Singapore low sulfur fuel oil forward curve contract on the Intercontinental Exchange hit a fresh monthly high in November, data from the exchange showed Dec. 2.

Dec 02 - Nov fuel oil barge volumes traded in London MOC drop 17% on month

Companies tend to reduce volume for year-end accounting. Supply tightness easing across grades.

Dec 02 - Russia greenlights plans for Black Sea, Mediterranean-facing oil products export terminal
Terminal to handle light and heavy products. Russian fuel oil production decreasing.

Dec 02 - North Africa to absorb NWE, Baltic gasoline supplies
Robust buying interest from North African markets. Under-pressure freight rates help keep arbitrage open.

Dec 02 - European naphtha shipments sail around Africa to delay arrival in Asia
Diverging demand profile for light and heavy naphtha. Weak arbitrage economics East.

Dec 02 - S Korea HSFO differential hits 2-month high as supply tightens
Tight supply supports bunker grade. Refineries configured to produce more VLSFO than HSFO.

Dec 02 - Shanghai marine fuel 0.5%S differential flips to premium after 3 weeks as supply tightens
VLSFO production slows after export quota imposed. Imports may be necessary.

Dec 02 - Singapore LSFO-HSFO spread near 2-month high on bearish HSFO fundamentals
Less HSFO demand from Middle East. More HSFO expected out of Iraq from January.

Dec 02 - EIA says total US ULSD imports spike to record high
Total ultra low sulfur diesel imports to the US surged to a record high during the week ended Nov. 27, jumping 427,000 b/d to 613,000 b/d, US Energy Information Administration data released Dec. 2 showed.

Dec 02 - Titan, Fluxys deliver LNG bunker barge to Antwerp
FlexFueler002 to begin servicing Antwerp region in Feb 2021. Gasum extends LNG bunker operations.

Dec 02 - Enel, ENI to develop 20 MW electrolysis capacity at Italian refineries
Two green H2 projects for 10 MW apiece planned. Locations to be determined by decarbonization criteria. Projects in closed loop seen online 2022-2023.

Dec 02 - OPEC+ economic inequalities complicate knife edge oil diplomacy
Economic disparity amplifying divides in OPEC+ say analysts. Russia performing better despite low prices helped by ruble. Iran and Venezuela have highest fiscal breakevens above $180/b.

Dec 02 - Russia's Nov oil output steady on month at 10 mil b/d
Exports slip 3.3% on month to 4.23 mil b/d. Domestic deliveries rises 6.8% to 5.46 mil b/d.

Dec 02 - OPEC hopes to salvage deal from Saudi-UAE standoff with a few days of diplomacy
Ministers hope to regroup by Dec. 3 meeting. Saudi Arabia favors 3-month extension of oil cuts. UAE wants tighter enforcement of quotas.

Dec 02 - Argentine grains strike to end after briefly shutting some ports - union 
A wage strike by grains inspectors and oilseed workers that had halted activity at some Argentine grains ports was scheduled to end early on Wednesday morning after what will have been 24 hours, a spokesman for one of the striking unions said late on Tuesday. The Urgara group representing grain inspectors and an oilseed workers union started an open-ended strike on Tuesday morning, after weeks of talks failed to yield a contract.

Dec 01 - Oil price declines extend amid OPEC+ uncertainty, COVID-19 spread
Without an extension agreement, the OPEC+ curbs are scheduled to ease from the current 7.7 million b/d to 5.8 million b/d from January.

Dec 01 - Product tankers market likely stuck in the doldrums into 2021
Lockdowns bearish for refining margins.

Dec 01 - Nigeria to push CNG as alternative transport fuel, reduce reliance on gasoline
Government hopes to get 1 million vehicles converted to CNG by 2021.

Dec 01 - European fuel oil paper volumes in November MOC up 522% on month

Hi-lo most commonly traded derivative.

Dec 01 - Shipping industry needs policy makers to give cleaner fuels a boost

Governments called on to subsidize alternative fuels.

Dec 01 - BHP awards first LNG bunker supply agreement to Shell to fuel 5 bulk carriers
BHP said it will charter the vessels from Eastern Pacific Shipping for five-year terms.

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.