Freight News

May 14 - ARA fuel oil stocks drop 11.41% on week to 1.265 million mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region dropped 11.41% to 1.265 million mt in the week to May 13, according to data from Insights Global, following a 6.9% drop the previous week.

May 14 - Max Midstream begins test shipments from new Texas crude oil export hub
Max Midstream has started moving its first test shipments from its new Texas crude oil export hub at the Port of Calhoun ahead of initiating larger Eagle Ford Shale-grade crude exports to Europe in the coming weeks, the startup company has said.

May 14 - U.S. barge backup worsens as Mississippi River shut near Memphis 

A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports. The shutdown fueled concerns about shipping U.S. grain and soy to export markets at a time when global inventories are slim and prices are near eight-year highs.

May 14 - Japan buys 122,180 tonnes food wheat via tender 

Japan's Ministry of Agriculture bought 122,180 tonnes of food-quality wheat from the United States, Canada, and Australia in a regular tender. Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second-most important staple behind rice and buys the majority of the grain for milling via tenders typically issued thrice a month.

May 13 - Vehicle and vessel traffic remains halted for a second day after a crack was discovered on a major, 900-foot-long bridge over the Mississippi River that connects Arkansas and Tennessee. Arkansas Department of Transportation Director Lorie Tudor says inspectors yesterday afternoon found "a significant fracture in a steel beam that is crucial to the structural integrity" of the bridge known as the Interstate-40 Mississippi River Bridge, and also as the Hernando de Soto Bridge. The bridge opened in 1973 and carries 41,000 vehicles a day, while the waterway under the bridge is vital for barge traffic carrying freight and commodities, she says, adding the bridge will reopen when it's safe.

May 13 - Ukraine's grain exports down 24.1% so far in 2020/21 season 

Ukrainian grain exports have fallen by 24.1% to 39.6 million tonnes so far in the July 2020 to June 2021 season, agriculture ministry data showed on Wednesday. The exports included 15.3 million tonnes of wheat, 19.6 million tonnes of corn and 4.13 million tonnes of barley, the data showed.

May 13 - Britain's wheat imports climb in March 

Britain's wheat imports accelerated in March and are running well above last season's pace, customs data showed on Wednesday. Wheat imports for the month totalled 176,615 tonnes, up from 95,266 tonnes in February.

May 12 - US 'stands ready' for shippers' Jones Act waiver requests to meet Southeast fuel shortages
The US Department of Homeland Security "stands ready" to review shippers' waiver requests to move fuel from the Gulf Coast refining hub to the East Coast if they can demonstrate insufficient capacity on Jones Act-qualified tankers, the White House said May 12.

May 12 - NWE LSSR crack near seven-month low on weak bunker demand
Demand in Northwest Europe for low sulfur straight run has declined steadily over the course of the past couple of months, with the crack hitting a seven-month low amid weak demand in the 0.5%S marine fuel blending pool.

May 12 - NWE high sulfur fuel oil crack hits new one-year low
The Northwest European 3.5% sulfur fuel oil crack has fallen to its lowest level in over a year, with increased sour crude production putting pressure on the grade, sources said.

May 12 - Brazil's Santos port workers delay strike threat 

Union workers at Brazil's Santos port on Tuesday delayed a possible strike until next month, amid demands to know how soon they will be vaccinated against COVID-19, a union official said. Santos is South America's largest port and critical to Brazil's commodities exports. Union workers held a meeting on Tuesday to decide on whether to go on strike, with initial plans for a work stoppage this week.

May 12 - Suez Canal chief says southern stretch to be expanded 

The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a container ship became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday. Rabie presented the plan at an event attended by Egyptian President Abdel Fattah al-Sisi, who indicated that the project should be completed in 24 months at most.

May 11 - Singapore Port's tighter COVID-19 checks seen having limited operational impact: sources
The Maritime and Port Authority's tighter measures at the Port of Singapore to curb the spread of COVID-19 cases will likely have only a limited impact on bunkering operations, industry sources said May 11.

May 11 - Bunker Holding to offer bio-bunker fuel at Gothenburg, Skaw
Bunker Holding will soon offer biofuel to ships bunkering in the Danish straits, the company said May 11.

May 11 - Traded kerosene futures on TOCOM up 3% on month in April
Traded kerosene futures on the Tokyo Commodity Exchange rose 3% month on month to 3,388 trades in April, latest data from TOCOM showed.

May 11 - Insurer of ship that blocked Suez Canal says reduced claim still high 

UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still "exceptionally large". The Suez Canal Authority (SCA) adjusted its claim from an initial $916 million in an effort to settle out of court, SCA head Osama Rabie told private TV network MBC Masr on Saturday.

May 11 - EU 2020/21 soybean imports 12.95 mln T by May 9, rapeseed 5.71 mln T 

European Union soybean imports in the 2020/21 season that started last July had reached 12.95 million tonnes by May 9, data published by the European Commission showed on Monday. That compared with 12.70 million tonnes cleared by the same week last season, the data showed. Since Jan. 1, the European Commission's data has covered the EU's 27 countries only, whereas previous figures up to Dec. 31 covered both the EU-27 and Britain.

May 10 - US Atlantic Coast spot fuel prices jump following Colonial Pipeline shutdown

May 10 - Europe and Africa Residual Fuel: Key market indicators
Weakness in the 0.5% sulfur marine fuel oil market has been weighing on the low sulfur feedstocks complex, according to European vacuum gasoil traders.

May 10 - Petrobras to halt bunker operations at Brazil Vitoria, Praia Grande and Tubarao ports at end-May
The suspension follows the end of the current contract to use the barging pier in the Tubarao terminal, the company said.

May 10 - Singapore 380 CST HSFO differential slips to negative on weak Middle East demand


May 10 - Ukraine grain exports down 23.6% so far in 2020/21 season 

Ukrainian grain exports have fallen by 23.6% to 39.24 million tonnes so far in the July 2020 to June 2021 season, agriculture ministry data showed on Friday. The exports included 15.14 million tonnes of wheat, 19.36 million tonnes of corn and 4.12 million tonnes of barley, the data showed.

May 10 - Chile's copper export revenue jumps in April as price soars 

Chile's central bank said on Friday that copper export revenue had jumped 69% in April, a welcome windfall brought on by soaring prices for the red metal. Chile, the world's top copper producer, said it had exported $4.541 billion worth of copper in April alone, a boon for its ailing economy following months of coronavirus-induced economic stagnation.

May 07 - East of Suez ULSD shipments to Europe below expectations at 380,000 mt in May: cFlow

May 07 - FueLNG completes Singapore's first ship-to-ship bunkering of LNG-fueled oil tanker

May 07 - S Korea's May 0.5% sulfur bunker supply seen lower than April: Sources

May 07 - Singapore Residue stocks surge to 4-year high on weak bunker demand
"Our sales in April were slower than in March. Even though inflow of arbitrage cargoes is lesser, we are expecting our stocks in May will be higher," a bunker supplier based in Singapore said.

May 07 - Spanish April fuel supply volume up 70% on year
While several Spanish refining units are still halted, Cepsa announced May 6 it would restart the 5 million mt/year fuel unit at its Huelva refinery as well as the 4.9 million mt/year vacuum distillation unit at the facility. Both of the units were halted in September.

May 07 - Dryness speeds Argentine soy harvest but poses 'underestimated' problem for exports 

Argentine soy and corn harvesting is being driven by ideal weather conditions but the lack of rain that is helping farmers bring in crops is also contributing to the shallowness of the Parana River, which has begun to dent agricultural exports. Lack of navigability on the river, which carries about 80% of Argentine grain exports, is "an underestimated problem" for exporters, German Heinzenknecht, a meteorologist at consultancy Applied Climatology, said on Thursday.

May 07 - South Korea’s NOFI buys corn in 276,000 tonne tender - trade 

South Korea's largest animal feed maker Nonghyup Feed Inc (NOFI) purchased animal feed corn in an international tender for up to 276,000 tonnes, European traders said. The volumes bought were initially unclear but said to be close to the 276,000 tonnes sought in the tender, which closed on Thursday.

May 06 - Singapore marine fuel 0.5%S June-July spread flips to contango
Singapore Marine Fuel 0.5%S front-month June-July time spread flipped to a contango of 25 cents/mt on May 5, for the first time since March 31 when it was assessed at minus 20 cents/mt, Platts data showed.

May 06 - Fujairah stands to lose out if India's COVID-19 crisis slows economic growth
The UAE's Port of Fujairah stands to lose out on crude oil and refined product exports and bunker sales if the spiraling COVID-19 crisis in India translates into slowing economic growth for Asia's third-largest economy.

May 06 - Monjasa delivers first VLSFO consignment to new Namibian national storage unit
Namcor's National Oil Storage Facility at Walvis Bay can hold 75 million liters of fuel and has seven tanks, one of which is for 5,000 cu m of fuel oil, according to the company's website.

May 06 - Australia's Vincent crude trades lower in June amid volatile LSFO margins
Cash premiums for Australia's June loading heavy sweet Vincent crude dipped lower following delays caused by the cyclone in North West Australia and volatile 0.5%S marine fuel oil margins, market sources said.

May 06 - Pricing volatility hits Colombia bunker market as widespread protests roil nation
Wide-ranging price indications for bunker fuel in Colombia have been heard this week from sources familiar with the market amid protests against government policies.

May 06 - Corpus Christi port, Stabilis sign MOU for shore-to-ship bunkering
A memorandum of understanding between the Port of Corpus Christi Authority and South Texas LNG producer and distributor Stabilis Solutions for shore-to-ship LNG bunkering opens a new avenue for supplying fuel there, a port authority executive said May 6.

May 06 - ARA fuel oil stocks drop 6.9% on week to 1.428 million mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region dropped 6.9% to 1.428 million mt in the week to May 6, according to data from Insights Global, following a 1% increase the previous week.

May 06 - Low LR2 rates support trans-Atlantic diesel shipments
Bottoming LR2 rates attractive for charterers. ULSD inventory on USAC drops to lowest since April 2020.

May 06 - Singapore to ban ship crew changes with India, neighboring countries travel history
Prohibition effective May 7, 23:59 hours local time. Ban comes amid spike in COVID-19 cases in India.

May 06 - Port of Rotterdam, Thyssenkrupp, HKM explore hydrogen imports for green steel
Vast imports of hydrogen are necessary if Europe and Germany want to reduce CO2 emissions and become climate-neutral by 2050, the companies said.

May 06 - French wheat shipments outside EU at nine-year low in April 

French soft wheat shipments outside the European Union last month were the lowest for an April in nine years, as exports to Morocco and Algeria eased, Refinitiv data showed. Soft wheat exports to destinations outside the EU-27 and Britain totalled 665,600 tonnes in April, the 10th month of the 2020/21 season, an initial estimate based on Refinitiv loading data showed.

May 06 - Ukraine's grain exports down 24% so far in 2020/21 season 

Ukrainian grain exports have fallen by 24% to almost 39 million tonnes so far in the July 2020 to June 2021 season, agriculture ministry data showed on Wednesday. The exports included 15.13 million tonnes of wheat, 19.14 million tonnes of corn and 4.12 million tonnes of barley, the data showed.

May 05 - Singapore Marine Fuel 0.5%S cash differential flips into discount after 4 months on weak demand, high stocks
The cash differential of Singapore Marine Fuel 0.5%S slipped into a negative territory on May 4 for the first time since Dec. 23, 2020, due to high inventories and weak demand, S&P Global Platts data showed.

May 05 - Titan LNG plans for Zeebrugge bunkering barge with bio-LNG capability

Titan LNG will supply an LNG bunkering barge to the port of Zeebrugge, Belgium, and to additional ports in the English Channel, the Dutch company has said.

May 05 - LNG Rotterdam Q1 bunker sales soared on year
Sales of 0.5%S FO increased 3% on year. LNG could reach 14.5 million mt/y in 2030: S&P Global Platts Analytics.

May 05 - Shipping industry confident of LNG's role in finding decarbonization pathway: ABS
LNG scalability, supply, technology readiness favor use. LNG viability proven on well-to-wake basis.

May 05 - Oil in floating storage swells to five-month highs as stock draws ease
Some 113 million barrels of crude in tankers, highest since mid-Nov. Port congestion continues to push Asian volumes higher.

May 05 - Asia bunker delivered premiums tank on poor demand, ample supply: traders
"China seems to be too aggressive, premium levels are a disaster," a South Korea-based bunker supplier said.

May 05 - Rise in sea freight prices continue in the US ports (IHSmarkit)


Container price rises continue, hitting the agribusiness commercial traffic in the US, the EU and Asia and the delayed timeframes are not being reduced, trading sources explained during the International Peanut Forum, held from 28-30 April.

Container shortages due to abandoned containers in wrong ports and rising fuel price have boosted premium-service prices just when China is revealing a robust recovery.

“We estimate that around 28% of cargo capacity is lost in the global sea freight market, which total 24.5 million TEUs, just when the offer is gradually concentrated in few companies. Seven firms have 77% of the total cargo capacity,” said Jon Beech, director of the UK forwarder RBF Cargocare Limited.

Average prices reached USD2,800 per 20ft container and USD3,500 per 40ft container in western US ports, up from USD1,150 and USD1,450 in April 2020. East US port prices reached USD3,800 and USD4,800 respectively, 72% and 78% higher.

In addition, delays range from seven to 14 days in Long Beach port (Los Angeles) and up to one week in the Savannah port (Georgia), 18 kilometres from the Atlantic Ocean.

US in-shell exports to cover Chinese demand for peanut oil are being affected, and sea shipping companies are launching smaller services between the US and China, mirroring patterns developed between the latest and the EU as European ports are smaller and with higher logistical costs.

“The Suez incident worsened the situation last March, with 400 vessels blockaded and additional transit times and fuel cost increases,” the director of the US subsidiary of the German container operator Transworld Shipping, Bjoern Pelzer, explained.

What is the outlook in the long-term: “Sea freight companies are starting to customise services and cut prices per tonnage. This effort may reveal some light in the tunnel,” both concluded.

Post Suez congestion

The Suez congestion (23-29 March) caused by the vessel Ever Given, owned by the Japanese company Shoei Kisen, provoked a global trading turmoil just when sea shipping firms are buying new mega-vessels with a capability of over 12,000 TEUs. As a result, most global players are keeping an eye on the Suez Canal Authority (SCA) reaction. The latter has declared the vessel and cargo owners responsible for the economic damage. As a result, the vessel is held in an Egyptian port, pending payment guarantees.

SCA is currently claiming EUR755 mln (USD909.5mln) for responsibilities using the legal sea figure called ‘general average’.

May 05 - World's biggest coal port loan price linked to social, emissions goals 

Australia's Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said. The world's largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement.

May 05 - Iron ore to displace soybeans as Brazil's main export earner - trade body 

Brazil's iron ore export revenues are set to surge 60% this year and displace soybeans as the country's number one source of foreign exchange earnings for the first time in six years, Brazil's Foreign Trade Association (AEB) said on Tuesday. The forecast $41.25 billion revenue, together with potential record soybean export volumes, means Brazil is on track to post an overall trade surplus this year of almost $80 billion, AEB Chief Executive Jose Augusto de Castro told Reuters.

May 04 - Singapore 10 ppm gasoil-Marine Fuel 0.5%S spread hits near 9-month high on strong gasoil
The spread between FOB Singapore 10 ppm sulfur gasoil and Marine Fuel 0.5%S was assessed at its widest on May 3, since Aug. 11 last year, on the back of a strong gasoil market and a slightly weaker Marine Fuel 0.5%S.

May 04 - New York marine gasoil reaches 15-month high amid NYMEX ULSD strength
Ex-wharf marine gasoil (MGO) prices at New York Harbor May 4 hit the highest level in more than 15 months, driven by a strong energy complex buoyed by relaxing pandemic restrictions.

May 04 - Total completes first ship-to-ship LNG bunker operation at Dunkirk
Operation for world's largest LNG powered containership. Titan announces development of LNG/bio-LNG bunker vessel.

May 04 - Marine Fuel 0.5%: Sluggish demand in bunkers market stagnates global supply
The European marine fuel oil crack spread has come under pressure over the last month, continuing to retreat from the 2021 highs that it saw in February.

May 04 - Hong Kong May ex-wharf bunker term differential inked at $15-$20/mt discount to Singapore gasoil
"Term contracts are mostly inked with container vessels, since bunker-only calls have dried up," a trader said.

May 04 - Ivory Coast 2020/21 cocoa port arrivals seen at 1.896 mln T by May 2 

Cocoa arrivals at ports in top grower Ivory Coast reached 1.896 million tonnes between Oct. 1 and May 2, exporters estimated on Monday, up 9.2% from 1.737 million tonnes over the same period last season. About 24,000 tonnes of beans were delivered to Abidjan port and 26,000 tonnes to San Pedro between April 26 to May 2 for a total of 50,000 tonnes up from 19,000 tonnes during the same week last season.

May 03 - Asia residual fuel market: Key market indicators this week 

Asian residual market is expected to see mixed drivers in May, as an inflow of arbitrage cargoes will drop from the West, but the downstream bunker market is facing tough competition with China, where bunker prices have been lower than Singapore.

May 03 - Americas Bunkers: Key market indicators May 3-7
Spot bunker prices in the Americas started the week on a firm note May 3, supported by bullish global oil prices and renascent demand, but on the Gulf Coast, competition remains strong.

May 03 - Platts Singapore MOC fuel oil trades fall 27% in April on low arbitrage, weak bunker demand
The volume of physical FOB Singapore fuel oil traded in the Platts Market on Close assessment process in April declined 26.7% month on month to 590,000 mt, Platts data showed May 3, even as the volume of low sulfur fuel oil arbitrage from the West to Singapore is expected to decline.

May 03 - Argentina grains exports reap $3 bln in April, chamber says 

Argentina's grains exports brought in some $3 billion in April, the CIARA-CEC chamber of exporters and oilseed producers said on Saturday, driven by high global prices for soybeans, corn, wheat and other cereals. The South American country is the world's top exporter of processed soymeal and oil, the global No. 3 corn supplier and a major producer of wheat. 

May 30 - Ukraine grain prices continue rally over the past week 

Ukrainian wheat export prices have risen $14 a tonne over the past week amid fears of a weaker harvest in the United States, the European Union and Brazil, the APK-Inform agriculture consultancy said on Saturday. Bid prices for high-quality soft milling wheat increased to $264-$270 a tonne FOB Black Sea port, APK-Inform said. Feed wheat rose by $12 a tonne to $258-$264 FOB Black Sea.

Apr 30 - US' World Fuel Services Q1 bunker volume falls on tough markets, IMO 2020
Likelihood of cruise lines sailing to improve marine segment. Aviation recovery in Europe, Asia hinges on vaccination drive.

Apr 30 - NWE LSFO crack at seven-month low on weak bunker demand
Singapore's bunkering authority recently reported weaker sales for March, and the Fujairah hub has seen heavy distillates stockpiles, including fuel oil and marine bunkers, jump to their highest levels since August.

Apr 30 - European ULSD barges at four-month high on returning demand
"It is getting better" one Switzerland-based trader said.
"For road fuels we are crawling up. If we were at 85%, we are going up to 90% [of pre-pandemic levels]."

Apr 30 - All options still on table for cutting shipping CO2 emissions: EC official
EC finalizing impact assessment for shipping regulations. Political decisions needed for inclusion in EU carbon market.

Apr 30 - Tankers demand to take a hit as India grapples with massive COVID-19 wave
A series of province-specific lockdowns across India will weigh on run rates.

Apr 30 - China pulls bunker demand from other Asian ports as competition grows
Singapore, South Korea see slower demand. Ships on bunker-only calls move to China on lower prices. Ambitious target heats up competition.

Apr 30 - Charterers shy away from tankers with recent history of crew change in India: sources
Charterers are also turning vigilant in booking ships to move their cargoes.

Apr 30 - Largest LNG vessel ever to load at US terminal departs Cheniere's Sabine Pass. MOL FSRU Challenger headed for China: cFlow
Strong netbacks to Gulf Coast from Asia continue.

Apr 30 - Singapore 10/500 ppm gasoil spread widens to 8-month high on rangebound ULSD, thin 500 ppm demand
The price spread between ultra low sulfur diesel and 500 ppm sulfur gasoil cargoes loading from Singapore jumped to an eight-month high, as a steady ULSD market and thinner demand for 500 ppm sulfur gasoil widened the spread between the two grades, Asian middle distillate sources said April 30.

Apr 30 - South African bunkers market battles supply shifts amid refinery changes
The current economic climate has resulted in a change in the South African refinery landscape, with the local marine fuel market entering a shift in dynamics as the local supply picture changes.

Apr 30 - India's IOC runs at 95% as COVID-19 cases rise
Indian Oil Corp, the country's biggest state-owned refiner, was operating at a 95% run rate, company officials said April 30, as the second wave of the coronavirus pandemic surges in Asia's third-largest economy.

Apr 30 - ARA fuel oil stocks rise 1% on week to 1.533 million mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region rose 1% to 1.533 million mt in the week to April 29, according to data from Insights Global, following a decrease of 13% in the previous week.

Apr 30 - Asian gasoil poised for Europe, WAF despite patchy demand: traders
Flows of Asian gasoil and ultra low sulfur diesel to Europe and West Africa are expected to pick up in May, as arbitrage economics are becoming more workable for large newbuilds despite patchy demand for cargoes in Europe, traders said.

Apr 30 - Changes in marine fuel blends underway amid rising oil product demand
Short shelf life requires careful supply management. Changes could be afoot but outcome uncertain. 0.5%S FO crack resilient but gasoline has edged higher in 2021.

Apr 30 - Singapore Residue stocks dip 1% registering first decline in a month
Overall, with low sulfur bunker demand and sales in April lower than March, bunker suppliers in Singapore did not expect stock levels to fall below the near five-month high of 24.8 million barrels.

Apr 30 - Russia may limit buckwheat exports to keep national staple at home 

Russia is considering limiting exports of buckwheat for some time to keep domestic prices stable, its agriculture ministry said on Thursday. Many Russians see buckwheat as a national staple that they have stockpiled to get through multiple crises in their history. Every spike in domestic prices gets the attention of the public and officials concerned about social stability.

Apr 30 - Minimal deliveries expected against CBOT May corn, soy futures 

Deliveries against Chicago Board of Trade (CBOT) May grain and soy futures should be minimal on Friday, the first notice day, traders and analysts said on Thursday, citing extremely firm cash markets and dwindling supplies of the 2020 U.S. harvest. Supplies of soybeans and corn in the United States are expected to be the lowest in seven years before harvesting begins in September, and prices are the highest in nearly a decade.

Apr 29 - IMO should restrict scrubbers to limit water pollution: clean transport group
The International Maritime Organization should require shipowners to use IMO 2020-compliant fuel instead of scrubbers because of resulting washwater pollution, the International Council on Clean Transportation said April 29.

Apr 29 - UAE's Fujairah bans crew change for vessels from India in past 14 days
The Port of Fujairah has banned crew changes locally if a vessel has come from Indian ports within the past 14 days, as the coronavirus pandemic has overwhelmed India.

Apr 29 - Ship recycling rates reach multi-year highs as scrap prices soar, supply dries up
Aggressive buying appetite from ship scrapping yards have propelled scrapping prices to multi-year highs amid record steel prices and limited interest for scrapping in bulker and container vessel markets.

Apr 29 - New York bunker prices highest in more than a month
Bunker fuel prices in New York Harbor April 29 reached their highest levels in more than a month, driven by strong demand and the relaxing of pandemic restrictions.

Apr 29 - Hong Kong ex-wharf bunker suppliers offer May loading at $14-$16/mt discount to Singapore gasoil
May-loading offers similar to April. ingapore marine fuel 0.5%S stable in April.

Apr 29 - IMO's GMN project extended to help developing countries curb GHG emissions
MMTCs have undertaken a range of pilot projects, completed port energy audits and established branch offices.

Apr 29 - Zhoushan ex-wharf bunker trades peter out on lower delivered prices
The trade in ex-wharf Zhoushan marine fuel 0.5%S has become thin as delivered prices moved below ex-wharf offer prices as a result of fierce competition in the delivered bunker market, industry sources said April 29.

Apr 29 - Argentina extends key Parana River dredging contract, ensuring grains exports 

The dredging of the Parana River, Argentina's grains superhighway, will continue for another 90 days, according to a government resolution issued on Wednesday aimed at ensuring that the country's export hub of Rosario will stay open for business. The current dredging contract was set to expire at the end of the month. The looming deadline had caused nervousness in the local grains industry, the country's main source of export dollars, at a time when central bank reserves are being strained by a three-year recession exacerbated by the COVID-19 pandemic.

Apr 29 - Russia considers reducing export tax on soybeans from July 1 - Interfax 

Russia is considering reducing its export tax on soybeans to 20%, but not to less than $100 per tonne, starting from July 1, the Interfax news agency reported on Wednesday, citing a source familiar with discussions among officials. The tax of this size, if it is approved by the government, will be in place until September, 2022, the source told Interfax.

Apr 28 - Thailand Mar fuel oil exports fall 31% as more allocated to domestic bunker market
Thailand's March fuel oil exports declined 30.8% on the year to 40,735 b/d, according to the latest Customs Department data, as more cargoes are allocated to the domestic market.

Apr 28 - LR freight plunges as longer Med tonnage hits rates for arb to Japan
Long Range 2 market drops to six-month low. Participants pin hopes on volume rise amid improved arb.

Apr 28 - Japan's ENEOS keeps wholesale oil product prices stable: sources

Apr 28 - South Korea March fuel oil imports up 13% on year as refinery feedstock use rises
The country, a net fuel oil importer, also exported 297,000 barrels in March, a 114% increase on the month.

Apr 28 - Dutch Rotterdam port Q1 products throughput boosted by fuel oil
Oil product volumes increased "thanks to stronger inbound and outbound flows of fuel oil and gasoil/diesel oil the port said.

Apr 28 - Perdue shipping one cargo of Brazil soybeans into the U.S. – Cargonave data 

U.S.-based meat processor Perdue is shipping one cargo of 31,450 tonnes of Brazilian soybeans into the United States, according to line-up data from shipping agency Cargonave, as stocks dwindle in the destination market. The Four Turandot vessel chartered by the United States is scheduled to arrive on Wednesday at the port of Barcarena in the north of Brazil, and is expected to sail on May 9, the Cargonave ship line-up data shows.

Apr 28 - Canada lines up back-to-work legislation to end Montreal port strike 

The Canadian government unveiled back-to-work legislation on Tuesday to end a strike at the Port of Montreal, and later received opposition support that should guarantee its passage. The Liberal government said it was disappointed talks between unions and employers had broken down. Conservative Party leader Erin O'Toole said he would support the bill, which now may be voted on as early as Wednesday.

Apr 27 - US Gulf Coast bunker outlook depends on 'who blinks first'
The outlook for US Gulf Coast bunkering is challenging, with an unclear outcome ahead, as it faces profit margin pressures and persistent low demand, Adrian Tolson, director at Blue Insight research, said April 27 at the Petrospot Global Bunkering Summit 2021.

Apr 27 - MFM technology seen as solution for COVID-19 bunkering disputes
Alternative option, surveyors, often not allowed on barges. Shortfalls seen as a big issue in industry.

Apr 27 - Japan consortium to develop and launch hydrogen-fueled marine engines by 2025
Engines for ocean liners, large domestic ships. Eyes early deployment of hydrogen-fueled ships in Japan.

Apr 27 - Classification society DNV greenlights Wartsila CCS vessel plans
LCO2 shipping transport could play key role in decarbonization infrastructure. Demand contingent upon CCS developing.

Apr 27 - Suezmax A Symphony collides with bulk carrier near Qingdao, causing oil spill: sources
A laden Suezmax tanker collided with a dry bulk carrier April 27 near China's Qingdao port, damaging its hull and resulting in an oil spill in the Yellow Sea.

Apr 27 - Singapore's India-related ship crew change ban may hit bunker industry
Singapore's April 23 move to ban changes of shipping crew with recent travel history to India could lead to a slight switch in marine fuel demand to other ports in the near term, shipping and bunker industry sources, or it could prompt shipowners to take smaller stems and move on.

Apr 27 - Ukraine traders say grain exports will not exceed agreed volumes 

Grain exports from Ukraine are unlikely to exceed the volumes previously agreed with the government, Ukrainian grain traders union UGA said on Monday. Traders and the government have agreed that no more than 17.5 million tonnes of wheat and 24 million tonnes of corn could be exported from Ukraine in the 2020/21 season ending in June.

Apr 27 - Russian wheat export prices rise with global benchmarks 

Russian wheat export prices rose for a third week in a row last week, buoyed by higher prices in Chicago and Paris on supply concerns, analysts said on Monday. Russian wheat with 12.5% protein loading from Black Sea ports for supply in May was at $265 a tonne free on board (FOB) at the end of last week, up $17 from the previous week, IKAR agriculture consultancy said.

Apr 26 - Canadian National in direct acquisition talks with Kansas City Southern
Canadian National Railway is now engaged in direct negotiations to acquire Kansas City Southern after the Missouri-based railroad said CN's $30 billion offer is potentially superior to the deal it struck with the smaller Canadian Pacific Railway in March.

Apr 26 - Americas Bunkers: Key market indicators April 26-30
Demand at Buenos Aires is still strong, supported by agricultural exports. On the US Gulf Coast, all bunker segments saw retreats as the region continues to grapple with capped demand.

Apr 26 - Maritime decarbonization needs harmonized framework, collaboration: BP exec
LNG, biofuels are medium-term solutions for energy transition. Ports, governments should incentivize use of low carbon fuels. IMO regulations optimal route to avoid regional distortion.

Apr 26 - Asia residual fuel market: Key market indicators this week
A slowdown in West-to-East low sulfur fuel oil arbitrage flows in May is expected to boost sentiment in Singapore, but the city-state is facing headwinds from competitive North Asian bunker prices, according to traders.

Apr 26 - Bangladesh's May HSFO imports seen declining 17% amid Eid al-Fitr holidays
Bangladesh to import 350,000 mt HSFO in May. Electricity generation seen hitting 14 GW ahead of mid-May holidays.

Apr 26 - Japan's Toyota Tsusho to conduct biofuel trials in Port of Singapore
TTP's trial will run from April to September 2021 in collaboration with other partners.

Apr 26 - AET sees LNG, ammonia as viable bunker fuels for decarbonization pathway: CEO
LNG's viability is proven on a well to wake basis, Subramaniam said.

Apr 26 - Europe and Africa residual fuel: Key market indicators April 26-30
Rotterdam 0.5%S marine fuel FOB barges finished the week to be assessed at $462/mt on April 23, down from $472/mt in the previous week.

Apr 26 - Argentina's Neuquén offers to boost worker salaries to end Vaca Muerta roadblocks
Neuquén, the second-most productive oil province and first for natural gas in Argentina, is offering to boost the salaries of state employees by 53% in an effort to get protesting workers to end roadblocks that have slowed the growth of oil and natural gas production.

Apr 26 - Canadian government to intervene to end potential Montreal port strike 

The Canadian government will intervene to end a potential strike at the country's second-largest port, the labour minister said on Sunday, as the clock ticked down to a walkout by Montreal dockworkers. Unionized workers, who have been in talks for a new contract since 2018, warned last week they were prepared to walk off the job on Monday to protest changes to their work schedule.

Apr 26 - Argentina mulling grains export tax hike - gov't official 

Argentina is considering an increase in grains export taxes, an official told local radio on Friday, sparking concern among farm leaders who have long worried that the Peronist government might further intervene in the markets in a bid to control inflation. The South American grains powerhouse is the world's No. 3 corn supplier and top exporter of soymeal livestock feed. It already slaps a 33% tax on international soybean exports; 31% on soymeal and soyoil; and 12% on corn and wheat.

Apr 23 - Dutch Samskip moves towards biofuel bunkering for part of its fleet
Initial usage of biofuels will enable a CO2 reduction of up to 45%.

Apr 23 - Crude settles higher on strong economic data, weaker dollar
Markets continue to monitor COVID cases in India.

Apr 23 - Norway races ahead of UK with emissions-curbing North Sea electrification project
State-controlled Equinor says partners to spend nearly $1 billion on project to provide low-carbon electricity.

Apr 23 - South Africa fuel import dependency to rise as Engen to convert refinery into terminal

South African oil demand averaged 603,000 b/d in 2020 compared to 665,000 b/d in 2019.

Apr 23 - Vale iron ore terminal in Rio de Janeiro state reopens after shutdown 

Vale's iron ore terminal in Mangaratiba in the state of Rio de Janeiro was reopened on Thursday, the Brazilian miner and a state environmental agency said, after a shutdown due to confusion over environmental permits. Neither the miner nor the agency specified what had prompted the reopening of the Ilha de Guaiba facility.

Apr 23 - Japan buys 85,110 tonnes of food wheat via tender 

Japan's Ministry of Agriculture bought 85,110 tonnes of food-quality wheat from the United States and Canada in a regular tender. Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second-most important staple behind rice and buys the majority of the grain for milling via tenders typically issued three times a month.

Apr 22 - Crude prices tick up slightly during tough week for oil
Market maintains watch on COVID case levels in India.

Apr 22 - Shipping bodies call for market-based measures to hasten decarbonization

Industry collaboration to help de-risk investments.

Apr 22 - Tokyo Bay bunker supply expected to remain tight in May on refinery glitch
Eneos reduces shipments of bonded bunker fuel unexpectedly from Negishi refinery, suspends taking fresh orders.

Apr 22 - May LSFO arbitrage volumes into Singapore seen falling near 1 mil mt from April
Singapore Marine Fuel 0.5% delivered premium to FOB Singapore Marine Fuel 0.5% cargo assessments dips to near nine-month low.

Apr 22 - U.S. to join effort to curb climate-warming emissions from shipping 

The United States will join an international effort to achieve zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced ahead of a summit of world leaders President Joe Biden will host this week. "We're going to look to the ocean to continue to help reduce pollution," he told a conference hosted by the Ocean Conservancy on Tuesday.

Apr 22 - China, North Korea poised to resume freight rail links as trade revives 

China is set to resume cargo train service with North Korea, people familiar with the matter said, following a 15-month border closure due to COVID-19, as trade with the impoverished and isolated country begins to rebound. The bridge linking the city of Dandong with Sinuiju, across the Yalu River in North Korea, will partially reopen to allow cargo train service "sometime before or after May 1", the head of a transportation company handling cross-border trade told Reuters on Wednesday.

Apr 21 - Crude settles lower amid US inventory build, rising India COVID-19 concerns
Total US commercial crude stocks climbed 600,000 barrels.

Apr 21 - Singapore takes next step toward greener shipping with maritime decarbonization center
City-port has been developing LNG bunkering capabilities under the LNG bunkering pilot program.

Apr 21 - Shipping groups call for earlier discussions on global market-based measures
MBMs put a price on CO2 emissions, creating an economic motivation to reduce emissions.

Apr 21 - EU Council, Parliament reach provisional deal to cut emissions 55% by 2030
The provisional agreement set an aspirational goal for the EU to achieve negative emissions after 2050, the Council said.

Apr 21 - US to join global effort to decarbonize shipping industry -Kerry 

The United States will join an effort by the International Maritime Organization (IMO) to achieve net zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced on Tuesday ahead of a climate leaders summit President Joe Biden will host this week. "I want to announce that in support of the global effort to keep us in reach of 1.5 degrees Celsius and in support of global efforts to achieve net zero by no later than 2050, the United States is committing to work with countries in the IMO to adopt the goal of achieving net zero emissions from international shipping by no later than 2050," he told a conference hosted by the Ocean Conservancy. 

Apr 21 - Cargo ship runs aground as storm strikes near Philippines 

A cargo ship carrying 20 crew members, nickel ore, and around 2,000 litres of diesel has run aground off the southern Philippine province of Surigao del Norte, the coastguard said on Tuesday. The cause was not immediately known, but the weather was rough in the area due to Typhoon Surigae, which brought winds that reached 195 km (121.17 miles) per hour, with its effects felt in many parts of the eastern Philippines.

Apr 20 - Crude prices slide on India lockdowns, US-Iran negotiation progress
Indian officials already imposed weeklong lockdowns in many parts of country.

Apr 20 - Panama Canal suspends Neopanamax Locks draft reduction: ACP
Planned Neopanamax restrictions to 48.5 ft, 48 ft suspended. Sustained 49 ft draft allows fully-laden Aframax passage.

Apr 20 - TFG Marine's first mass flow meter at Rotterdam in operation
The measuring tool has been used onboard TFG Marine-Chartered MTS Sydney, owned by UniBarge, to enable the company to make accurate and transport fuel deliveries at the port, it said.

Apr 20 - Carbon levy of $200-$300/mt needed for sustainable shipping: Lloyd's Register
Hydrogen, ammonia remain options for green shipping.

Apr 20 - Oman Tank Terminal signs Duqm bunker agreement: report
Terminal will store heavy fuel oils, lighter distillates. OTTCO also building storage at Duqm export terminal.

Apr 20 - Zhoushan, Shanghai 0.5%S marine fuel differentials drop to all-time lows on rising supply
Local refiners ramping up production. Other Chinese ports also see weak prices.

Apr 20 - Tsakos Energy Navigation Ltd., a Greek oil shipping company, said Friday that it was under investigation by U.S. authorities for possible violations of an anti-bribery law. The company said it was conducting an investigation in parallel with the Department of Justice and Securities and Exchange Commission. The probes stem from offenses by various shipbrokers who have been charged in Brazil in connection with charters between a major state oil entity and certain international shipowners, Tsakos said in an annual report to the SEC. Bribery by its brokers could be considered a violation of the US Foreign Corrupt Practices Act by Tsakos, the company said. A long-running corruption probe in Brazil centers on a far-reaching bribery scheme involving the country's state-controlled oil company, Petróleo Brasileiro SA, also known as Petrobras.

Apr 20 - China's soybean imports from U.S. surge in March, Brazilian imports plunge 

China's March soybean imports from Brazil plunged as rain delayed some shipments from the top exporter, but its imports of the oilseed from the United States more than quadrupled. The world's biggest buyer of soybeans imported 315,334 tonnes from Brazil in March, down 85% from 2.1 million tonnes a year earlier, data from the General Administration of Custom showed.

Apr 20 - France set to import large cargo of Romanian wheat 

A large cargo of Romanian wheat has set sail for France, marking an unusually big import of the grain by the European Union's biggest wheat exporter, traders said on Monday. The Star Harmony bulk carrier was thought to be carrying around 45,000 tonnes of wheat from the Romanian Black Sea port of Constanta to the northern French port of Dunkirk, traders said.

Apr 19 - Europe & Africa Residual Fuel: Key market indicators this week
Rotterdam 0.5%S Marine Fuel FOB barges finished the week to be assessed at $472/mt on April 16 up from $447.75/mt in the previous week.

Apr 19 - Danish center tests methanol-powered fuel cell system for auxiliary ship engines
Denmark's Alfa Laval Test & Training Centre is testing a fuel cell system running on methanol as the maritime industry explores a range of fuels to meet climate goals.

Apr 19 - World Bank sees potential for developing countries to become green bunker hubs
Cost advantage will be key, carbon price is firming. New Asian, South American hubs could emerge.

Apr 19 - EMEA middle distillates: Key market indicators
European middle distillate stocks have fallen amid a narrower contango, even as traders report weak demand in the region.

Apr 19 - Marine fuel stakeholders to develop ammonia handling guidance amid calls for clarity
Up to policy makers to create level playing field for new fuels: sources. Ammonia may cost $650-850 in 2025: Korean Register of Shipping.

Apr 19 - Americas Bunkers: Key market indicators April 19-23
Americas' spot bunker markets see widespread increases supported by global markers. High sulfur bunker fuel jumps in Panama to October 2019 levels. Demand weakness in Houston.

Apr 19 - HSVGO storage in Northwest Europe becomes less workable amid weak distillates demand
Lack of HSVGO storage space in ARA: traders. Weak European distillate demand carrying through to VGO.

Apr 19 - Japan Feb bonded bunker fuel oil sales jump 15.6% on year
Feb bunker sales fall 8.2% from Jan. Bunker supply remains tight in Feb.

Apr 19 - Brazil's CSN allowed to re-open port amid dispute with local authorities 

A major port facility operated by Brazilian steelmaker Cia Siderurgica Nacional SA has been allowed to re-open, after local authorities shut the facility for alleged environmental violations, the company said on Friday. In a statement, the company said that the decision to re-open the port, which is an important export facility for the company, was made by the Rio de Janeiro state environmental regulator and was accepted by municipal officials.

Apr 19 - Japan to import 380,000 tonnes feed barley via tender 

Japan will import 380,000 tonnes of feed-quality barley for livestock use via a simultaneous buy and sell (SBS) auction that closed late on Thursday, the Ministry of Agriculture, Forestry and Fisheries (MAFF) announced on Friday. The ministry had sought 80,000 tonnes of feed wheat and 100,000 tonnes of feed barley to be loaded by July 31 and arrive in Japan by Sept. 30 in the tender that is usually conducted weekly.

Apr 16 - Bunker sales in Panama reach in March their highest level in a year
Sales of marine fuel 0.5%S rise 4.9% on month. A stronger 8.6% jump seen in high sulfur IFO 380 .

Apr 16 - ARA fuel oil stocks rise 14.9% on week to 1.743 million mt: Insights Global
Market participants recently said ample supply of high sulfur fuel oil in Europe, coupled with quiet demand, put pressure on HSFO differentials.

Apr 16 - Taiwan's Evergreen weigh options to transfer arrested Ever Given cargo
Cargo, ship insured separately. Indian crew stranded on ship. Ship fully operational.

Apr 16 - Panama Canal booking tariff hike postponed to June: ACP
The ACP said the delay would provide the maritime industry more time to prepare for the change in booking fees.

Apr 16 - Bunkering halt at Rio Grande threatens Brazilian soybean exports (AgriCensus)

Brazilian soybean exports could face delays after state-owned oil company Petrobras was heard to have cancelled its bunkering operations at the southern port of Rio Grande on Friday.

“Unofficial sources say that Petrobras has suspended bunker deliveries owing to a big contaminated quantity of VLSFO found at their tank storages, and decided to suspend all bunker operations temporarily to test all stocks,” shipping agency Williams said.

"Vessels which had stem confirmed won’t be supplied and even barges are not to be refilled," shipping agency Cargonave Group said in a separate statement.

That move could leave soybean-carrying vessels without bunker fuel at the height of its busy export window.

“This could be terrible [for soybean exports], especially now that Rio Grande do Sul’s crops are expected to arrive at high volumes,” a Brazilian broker told Agricensus.


The soybean crops in Rio Grande do Sul, whose harvest is typically later compared to the rest of the country, were sowed late this year with the harvest still at 54% on April 15, up 15 points on the week but 27 points behind on the year, data from Emater/RS-Ascar showed on Thursday. Meanwhile, the nationwide progress stood ahead at 85% completed on April 8, according to the latest data by consultancy Agrural.

Rio Grande do Sul’s soybeans have been driving the domestic market over the last days as “large volumes are arriving in the spot market with only about 40% of the crops sold beforehand,” a trader said.

The Rio Grande port exported 650,00 mt of soybeans in March, 44% of which originated from within the state. Exports from the port are expected to hit their cyclical peak between April and July. According to line up data from Williams, some 711,000 mt have already been exported from the port this month, with another 1.19 million mt scheduled to leave over the remainder of April.

Petrobras is expected to issue a statement to clarify the suspension later on Friday, market sources told Agricensus.

Apr 16 - BHP completes its first refuelling of a ship with biofuel  

BHP Group Ltd, said on Thursday it completed its first refuelling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions. It was also the first time that a ship has been refuelled with biofuel in Singapore, the world's largest bunkering hub.

Apr 16 - Bunge's agent overturns Brazil injunction blocking access to key port 

Brazil's Litoral Soluções, an unlisted port agent representing U.S. grain trader Bunge, won the reversal of an injunction blocking its right to ship grains from a key southern Brazilian port's public terminal.  The ruling, seen by Reuters on Thursday, was handed down on Wednesday by Judge João Carlos Franco, who overturned his own decision from last week suspending the contract.

Apr 15 - Fuel oil premium hits record high in Fujairah ahead of big A/C power demand season
APICORP forecasts rebound in MENA power demand. HSFO spread flipped into positive territory March 22.

Apr 15 - Japan's bunker fuel supply faces disruptions from refinery issues: sources
"Production is affected, thus low sulfur fuel oil volumes will be tightened," a company source confirmed.

Apr 15 - Trafigura to co-sponsor ammonia-fueled engine development with MAN for maritime sector
Trafigura to support maritime industry's energy transition goals. Ammonia 'very interesting candidate' as a zero carbon fuel: MAN. R&D fund required to develop clean fuels, de-risk future investments.

Apr 15 - Wartsila supplies record number of scrubbers in 2020 amid mixed prospects
Technology company Wartsila delivered 171 exhaust gas cleaning systems, or scrubbers, in 2020, highlighting what the company has dubbed ongoing interest in the technology for the marine sector.

Apr 15 - Hong Kong Feb fuel oil imports fall 23% on year on poor demand
Most of Hong Kong's imported fuel oil ends up in its bunker fuel market as Hong Kong relies on coal and LNG for electricity, industry sources said.

Apr 15 - Port of Los Angeles notches busiest first quarter on record
Loaded imports up 122.5% on year. Ships at waiting at anchor down to 20 from peak of 40 in Feb. Low export rates continue to incentivize empty repositioning.

Apr 15 - Bunge's bid to extend Brazil grains port deal blocked by injunction  

A bid by agricultural commodities trader Bunge to extend its dominant role at a strategic Brazilian port's public terminal for two years has been blocked by a temporary court decision, according to documents seen by Reuters. The decision is the latest twist in a long-running dispute between Bunge's port agent Litoral Soluções and rivals who complain it has been granted a virtual monopoly at the public terminal, which sits adjacent to two private terminals, one owned by Bunge itself and another by a local unit of Japan's Marubeni called Terlogs.

Apr 15 - Evergreen studying scope of Egypt court order over Suez ship  

Evergreen Line said on Wednesday that it is investigating the scope of an Egyptian court order to detain the Ever Given container ship which got stuck in the Suez Canal last month. The Suez Canal Authority (SCA) has made a $916 million compensation claim against the ship's Japanese owner Shoei Kisen, according to UK Club, one of its insurers.

Apr 14 - Crude price rally accelerates following US inventory draw
Total US commercial crude oil stocks fell 5.89 million barrels to 492.42 million barrels during the week ended April 9, EIA data showed.

Apr 14 - Short-term gains for HSFO before bullishness fades on higher OPEC+ output
HSFO crack in backwardation from May until 2022. Eastern, European markets already well-supplied.

Apr 14 - Russia January-March crude, product port throughput down 13.6% on year
Crude oil throughput was down 18.7% at 55.8 million mt while oil products were down 7.3% at 37 million mt, the association said.

Apr 14 - Strait of Gibraltar bunker hubs show potential signs of 2021 rebound
Gibraltar bunker calls hit three-month highs. Algeciras bunker volumes up 18% on year.

Apr 14 - Dislodged ship held in Suez Canal as talks continue over $916 mln claim  

A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship's Japanese owner, one of the vessel's insurers and canal sources said on Tuesday. The Ever Given container ship, owned by Shoei Kisen, has been in a lake separating two sections of the canal since it was dislodged on March 29, as the Suez Canal Authority (SCA) conducts investigations.

Apr 14 - South Korea’s MFG buys about 66,000 tonnes feed wheat -trade  

South Korea's Major Feedmill Group (MFG) purchased some 66,000 tonnes of animal feed wheat which can be sourced from optional origins in a tender on Tuesday, European traders said. The feed wheat was purchased in one consignment at an estimated $269.30 a tonne c&f plus a $1.50 a tonne surcharge for additional port unloading, they said.

Apr 13 - Monjasa says bunker sales rise 9% in 2020, sees changing trade flows in 2021
Monjasa saw most Asian growth in Singapore. Company launched operations at Cristobal's outer anchorage.

Apr 13 - Shell to concentrate new LNG bunker barge in Gulf of Mexico
LNG bunker opex about 30% cheaper than VLSFO. LNG may not meet future environmental targets.

Apr 13 - ADNOC buys two more VLCCs as new Murban futures expected to boost trading.

Apr 13 - Thailand's higher April fuel oil exports add to well-supplied regional market
Thailand's April spot residual fuel exports are expected to touch 130,000 mt, up from the typical average of 60,000-70,000 mt/month, sources said.

Apr 13 - South Korea's MFG tenders for up to 70,000 tonnes feed wheat  

South Korea's Major Feedmill Group (MFG) has issued an international tender to purchase up to 70,000 tonnes of animal feed wheat, European traders said on Tuesday. The deadline for submission of price offers is also Tuesday, April 13, they said. 

Apr 13 - Canada's manufacturers ask for federal help as Montreal dockworkers stage partial-strike  

Canada's manufacturers on Monday asked the federal government to curb a brewing labor dispute after dockworkers at the country's second largest port said they will work less this week. Unionized dockworkers, who are in talks for a new contract since 2018, will hold a partial strike starting Tuesday, by refusing all overtime outside of their normal day shifts, along with weekend work, they said in a statement on Monday.

Apr 12 - Singapore port charge hike to boost quicker movement; maritime expenses up in pandemic
"There are definitely additional costs due to pandemic disruption but the port dues rates were being discussed for two years," MPA CEO Quah Ley Hoon said.

Apr 12 - India's March fuel oil demand stays stable as exports rise on bullish margins
The company imported a 35,000 mt HSFO cargo to meet domestic contractual commitments for delivery in early March at three east coast India ports.

Apr 12 - Freepoint growing Asia footprint in LSFO, US crude; eyes new energy
Seals supply deals with Chimbusco, COFCO, China Merchants. Eyes on LNG, carbon trading, waste-to-energy projects.

Apr 12 - Spot 0.5%S marine fuel spikes in New York Harbor

Very low sulfur fuel oil spot prices spiked April 12 in New York Harbor as sources said supply is tight.

Apr 12 - Americas Bunker : Key market indicators April 12-16
Peruvian ports dealing with tight availability. Motivated sellers pressure MGO value in Houston.

Apr 12 - Greek, Swedish shipowners petition EC to include long-distance shipping in ETS
Platts CEC carbon credit price more than doubled since January. Long-distance shipping accounts for 60% of EU port calls: NGO

Apr 12 - Asia residual fuel: Key market indicators this week
Asian low sulfur fuel oil fundamentals are expected to continue being stable in the week started April 11, with the still relatively profitable spread incentivizing a few refiners to maintain higher output for selling extra cargoes in the spot market.

Apr 12 - Ukraine wheat export prices down amid fall in Russian prices, crop outlook 

Ukrainian wheat export prices have decreased by a further $7 a tonne over the past week amid a downward trend in Russian export prices and a positive outlook for the 2021 wheat harvest, APK-Inform agriculture consultancy said on Sunday. The Ukrainian government has said good weather is likely to help farmers increase their grain crop to at least 75 million tonnes this year from about 65 million tonnes in 2020. 

Apr 12 - Egypt's GASC buys 20,000 tonnes of bottled vegetable oils 

Egypt's state grains buyer, the General Authority for Supply Commodities, on Monday bought 20,000 tonnes of refined bottled vegetable oils, the supply ministry said in a statement.  The purchase was made up of bottled soyoil and sunflower oil, of which 10,000 tonnes would be delivered May 1-31 and 10,000 for June 1-30.

Apr 09 - Middle distillate stocks fall below 13 mil-barrel mark to a year low
Singapore's onshore commercial middle distillate stocks slipped for the sixth straight week as healthy jet fuel exports propelled yet another drawdown in inventories.

Apr 09 - UK to allow international travel from May 17 in boost for jet fuel
International travel from the UK could resume from May 17 at the earliest, Transport Secretary Grant Shapps has said, providing a boost for the jet fuel outlook in Europe.

Apr 09 - Taiwan flour mills buy 96,645 tonnes of wheat from U.S. 

The Taiwan Flour Millers' Association bought an estimated 96,645 tonnes of milling wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. The wheat was bought in two consignments comprising various wheat types for shipment from the U.S. Pacific Northwest coast in May and June.

Apr 09 - South Korea buys 46,229 tonnes of rice in tender - trade 

South Korea's state-backed Agro-Fisheries & Food Trade Corp purchased an estimated 46,229 tonnes of rice in an international tender for up to 208,217 tonnes which closed on March 25, European traders said on Friday. The purchase is expected to be sourced from Thailand, Vietnam and China.

Apr 08 - ARA fuel oil stocks fall 16% on week to 1.517 million mt: Insights Global
Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region dropped by 16% to 1.517 million mt in the week to April 8, according to data from Insights Global, following an increase of 5.2% a week ago.

Apr 08 - ARA diesel, gasoil stocks fall 1% on week on delayed Suez arrivals: Insights Global
Diesel and gasoil inventories at the Amsterdam-Rotterdam-Antwerp trading hub fell almost 1% to 2.329 million mt over the week ended April 7, according to Insights Global data.

Apr 08 - Med 0.1% gasoil at 11-week high on low production, North African demand
The Mediterranean 0.1% gasoil cargo market's relative value has risen to an 11-week high amid lower availability for finished grade products and demand from North Africa, sources said.

Apr 08 - Brooge Energy reports 5.1% drop in 2020 revenue after Fujairah storage deal ends
Brooge Energy Ltd., which is expanding its oil storage capacity at the UAE's Port of Fujairah, reported a 5.1% decline in 2020 revenue after one large storage contract ended and five new customers needing fewer services came on board.

Apr 08 - Swedish ferry operator Stena Line sets 2030 plan to reduce CO2 emissions by 30%
Swedish ferry operator Stena Line has pledged to speed its transition towards fossil-free marine fuel, reducing its CO2 emissions by 30% by 2030, the company has said.

Apr 08 - Norway says cargo ship secured, no longer at risk of grounding 

A Dutch cargo ship that was abandoned at sea during a storm off the coast of Norway this week has been attached to two large tugboats and is no longer at risk of running aground, local officials said late on Wednesday. The Eemslift Hendrika, badly listing after parts of its cargo shifted in the rough weather, had been adrift since Monday, leading to fears it would spill some or all of the 350 tonnes of heavy oil and 50 tonnes of diesel in its tanks.

Apr 08 - U.S. corn exporters rack up monstrous volumes on their way to record books - Braun 

Market participants have patiently awaited a boost in U.S. corn exports to match the record yearly expectation, but the wait is officially over as recent shipments have blown past nearly every benchmark. U.S. corn exports in February hit 6.3 million tonnes (248 million bushels) according to official census data published on Wednesday. That tops 2008’s record for the month by 17% and is the largest monthly volume since July 2018.

Apr 07 - VGO loadings from Russia's Tuapse down at 90,000 mt in April
Vacuum gasoil exports from the Russian Black Sea port of Tuapse will consist of three cargoes of 30,000 mt each in April, one cargo fewer than in March, according to a copy of the program seen by S&P Global Platts April 7.

Apr 07 - Japan's ENEOS raises wholesale product prices by Yen 1,000/kl: sources
ENEOS, Japan's largest refiner, has raised the domestic wholesale base prices of its five major rack petroleum products by Yen 1,000/kiloliter ($1.45/b) for the period April 8-14 for cargoes loaded by tanker truck, sources said April 7.

Apr 07 - USGC high sulfur fuel oil buying spree pushes market to premium to swap
The start of April on the US Gulf Coast has seen a flurry of buying activity for HSFO after one of the quietest months on record.

Apr 07 - Reliance, Chart lead coalition to form India hydrogen alliance
India's Reliance Industries, US-based Chart Industries and a host of global energy and industrial companies have joined to form an energy transition coalition to commercialize hydrogen technologies to build a net-zero carbon economy in the world's third-biggest emitter.

Apr 07 - Crude prices swing back up after release of Biden tax plan
Crude oil prices swung back up on April 7 following the release of US President Biden's tax plan that would end some fossil fuel subsidies, after oil prices had traded down for most of the day on pandemic concerns and rising US gasoline stocks.

Apr 07 - Hydrogen Europe targets EU state-aid rules to develop nascent markets
Industry group Hydrogen Europe has called on the EU to provide integrated, holistic infrastructure and market frameworks for the development of the hydrogen economy in Europe, saying a reform of state-aid rules should be considered in the early stages.

Apr 06 - EMEA light ends: Key market indicators this week
Northwest European light ends markets were buoyed by strong export demand for gasoline with naphtha benefitting as a blendstock.

Apr 06 - Crude edges higher amid improved growth outlooks, US-Iran rapprochement

Oil futures edged higher April 6 on the back of strengthened demand outlooks, but the rally slowed amid signs of rapprochement between Washington and Tehran.

Apr 06 - EMEA middle distillates: Key market indicators this week
European distillate demand looked relatively weak as coronavirus restrictions across Europe continue, while a rangebound contango curbed demand for storage.

Apr 06 - Novorossiisk April ULSD exports to fall 1.5% on month to 390,000 mt
Ultra low sulfur diesel exports from the Russian Black Sea port of Novorossiisk in April will be 6,000 mt (1.5%) lower month on month at 390,000 mt, according to a copy of the loading program seen by S&P Global Platts April 6.

Apr 06 - Ukraine grain export prices down amid weak demand, good crop outlook 

Ukrainian wheat export prices have lost another $9 a tonne in the past week due to a fall in demand and good prospects for the 2021 wheat harvest, APK-Inform agriculture consultancy said on Monday. The government has said good weather is likely to help farmers increase their grain crop to at least 75 million tonnes this year from about 65 million tonnes in 2020.

Apr 06 - Greece launches sale for a majority stake in Crete port 

Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe. The conservative government has been keen to attract investment and upgrade its port facilities across the country after years of underspending and a decade-long financial crisis.

Apr 05 - Singapore fuel oil swap trades during Platts MOC jump 32.7% on month in March
The total volume of fuel oil swaps traded during the Platts Market on Close assessment process in Singapore jumped 32.7% month on month to 10.6 million barrels in March, S&P Global Platts data showed, with both high sulfur fuel oil and 0.5%S marine fuel rising.

Apr 05 - Asia residual fuel market: Key market indicators this week
The Singapore marine fuel 0.5%S bunker market is unlikely to see any significant upside from prevailing levels in the week of April 5-9 due to lackluster sentiment in the upstream Singapore marine fuel 0.5%S cargo market, traders said.

Apr 05 - Americas Bunkers Key market indicators April 5-9
Spot bunker markets in the Americas return to normal operations after what market sources characterized as a slow week marked by the Good Friday holiday and Holy Week in Latin America.

Apr 05 - Open interest for Singapore fuel oil forward curves rises on month in March: ICE
Combined open interest on the forward curve for Singapore's low sulfur fuel oil futures contracts continued its upward trajectory in March, setting a new record for the seventh consecutive month, while the combined open interest on forward curves for high sulfur fuel oil also edged higher, data from the Intercontinental Exchange showed April 5.

Apr 05 - Singapore Residue stocks inch higher 3.8% amid muted downstream demand.

Apr 05 - Singapore Light distillate stocks dip 3% as gasoline imports at year-to-date low.

Apr 05 - High prices lift Argentina's March grains exports revenue to 18-year high 

Argentina brought in $2.77 billion from agricultural exports in March, the CIARA-CEC chamber of export companies said on Thursday, as high grains prices pushed revenue from international shipments to an 18-year high. The chamber represents companies accounting for 40% of Argentina's total exports. The sector is Argentina's biggest source of much needed export dollars as the government tries to stabilize its economy as it struggles to exit a three-year recession that has been exacerbated by the COVID-19 pandemic.

Apr 05 - Algeria buys about 500,000 tonnes milling wheat in tender -traders 

Algeria’s state grains agency OAIC has purchased about 500,000 tonnes of optional-origin milling wheat in an international tender that closed on Wednesday, European traders said on Thursday. Trade estimates were between 500,000 and 550,000 tonnes, above initial estimates early Wednesday evening. One estimate was 580,000 tonnes.

Apr 02 - Weak product cracks, arb barrels to cap extent of Middle East crude OSP hikes: sources
"Based on the market structure alone, lighter crudes such as Arab Light should see a hike of 50 cents/b," a trader said.

Apr 02 - Chinese refiners weigh between Iraqi Basrah Medium crude's price discount, quality issues
Iraq firmly held the three-largest crude supplier status in China in February.

Apr 02 - Transneft expects to ship 8.5 mil b/d of Russian oil in April
Russian pipeline operator Transneft said April 1 that it expects to ship 34.82 million mt, equivalent to around 8.5 million b/d, of Russian oil in April.

Apr 02 - Aramco may slash dividend payment to boost Saudi economic growth plan

Saudi Aramco may cut dividend payments to the government, pledged as part of its IPO strategy in December 2019, following an announcement from the country's leadership that companies must reduce shareholder payments and funnel money into the local economy instead.

Apr 02 - UK diesel imports up 10% on month in March as restrictions ease
United Kingdom diesel imports rose 10% on month to 905,285 mt in March, and were 32.6% lower on year, commodity information provider Kpler data showed.

Apr 02 - Bangladesh Petroleum Corporation to import 1.24 mil mt of petroleum products in H2 2021
State-run Bangladesh Petroleum Corporation plans to increase its refined oil product imports for delivery in the second half of the year to 1.235 million mt through a buy tender as the company is expecting higher consumption in the second half of the year despite rising cases of coronavirus infections being reported across the globe, BPC chairman Md Abu Bakr Siddique told S&P Global Platts.

Apr 02 - Brazil's Enauta expects to restart second offshore Atlanta production well in April
Brazilian independent oil and gas producer Enauta expects to restart a second production well at the offshore Atlanta Field in April amid plans to move ahead with definitive development of the heavy oil producer, company officials said during a conference call April 1.

Apr 02 - Russia March Spimex gasoline traded volumes rise on month
Volumes of fuel oil sold were 111,605 mt in March and 78,195 mt in February.

Apr 02 - WAF crude exporters in quandary amid fading Chinese demand
Chinese 'teapots' favoring cheaper Iranian crude. Setback for Angola, Republic of Congo on falling Chinese demand. WAF flows to China near four-year lows.

Apr 02 - European fuel oil swaps volume traded in Platts MOC up to 370,000 mt in March

Fuel oil derivatives traded up sharply from Feb. Mercuria largest buyer with 34 trades.

Apr 02 - Spanish Bunker fuel consumption plunges 18% on year in 2020
Q4 2020 averages 8% lower than 'pre-pandemic' Q1. Algeciras takes Spain's top spot for fourth month running.

Apr 02 - China Easing port conditions lift independent refiners' crude inflows in March
About 10.5 mil mt/year capacity to be offline in Shandong during April. April new cargoes arrivals to be slightly lower from March levels.

Apr 01 - Investigator boards ship at start of probe into Suez Canal blockage 

Divers inspected the hull of the Ever Given on Wednesday as the man tasked with investigating how the giant container ship ran aground, choking off international trade through the Suez Canal for almost a week, boarded the vessel. Lead investigator Captain Sayed Sheasha, who boarded the Ever Given on Wednesday afternoon, told Reuters that the investigation would include examining the seaworthiness of the ship and its captain's actions to help determine the causes.

Apr 01 - Pakistan lifts ban on cotton, sugar imports from arch-rival India as prices rise 

Pakistan lifted a nearly two-year ban on sugar and cotton imports from arch-rival India on Wednesday, the finance minister said, a step towards reviving suspended trade between the two nuclear-armed neighbours. Pakistan's Economic Coordination Council (ECC), a top decision-making body, allowed the private sector to import 0.5 million tonnes of white sugar as Islamabad tries to keep soaring domestic prices in check.

Mar 31 - Crude prices slide ahead of OPEC+ production meeting
Crude oil futures settled lower March 31 after an OPEC+ ministerial monitoring committee ended without a formal policy recommendation on future supply cuts, casting uncertainty on the April 1 plenary session.

Mar 31 - Barkindo cites 'fragility' of world economy, as OPEC revises oil demand, supply forecasts
OPEC+ alliance meets April 1 to decide May production levels. Oil inventories remain above targeted 2015-2019 average. Many members favor quota rollover, but length still undecided.

Mar 31 - Addax Energy grows bunker supply in West Africa

Two tankers deployed to WAF region. VLSFO, MGO supply at Nouadhibou.

Mar 31 - NewOcean Energy issues profit warning on bunker margin plunge
Slump in oil prices adversely affected company's bunkering business. Group expects consolidated net loss of HK$2.37 billion in 2020. Credit, counterparty risks persistent concerns for industry: sources.

Mar 31 - Japanese Feb oil product exports drop 43% on year to 374,229 b/d

Japan cut its crude processing volume by 12.7% year on year and 6.8% month on month to 2.54 million b/d in February, when the country faced sluggish gasoline demand amid state of emergency measures.

Mar 31 - International Seaways, Diamond S Shipping merge to form mega-tanker company
The combined company will have a total of 100 tankers, making it the second largest US-Listed tanker company by vessel count and the third largest by tonnage.

Mar 31 - European container lines, ports brace for post-Suez bottlenecks
Possible diversions to smaller ports. Lengthy delays, congestion expected. Container freight rates stay steady.

Mar 31 - Japan's Feb oil demand for power slows after surge in Jan on cold spells
LNG stock builds cut oil demand for power. Increased imports of fuel oil, kerosene as refiners cut crude throughput.

Mar 31 - Fujairah Refined product stocks climb to 4-week high on fuel oil rebound
Large gasoil shipment heading for Yemen. India, China sending gasoline to Middle East. Unexpected refinery outage in Oman.

Mar 31 - Tanker markets could return to profitability within 12 months:
Conditions still extremely challenging, market unbalanced. Too many ships chasing too few cargoes, says CEO. Ship demolitions on the rise on higher scrap steel prices.

Mar 31 - Hong Kong April 0.5%S marine fuel ex-wharf term differentials settle lower than Mar

Ex-wharf differentials settle at $14-$15/mt discounts to Singapore gasoil. Contracts linked to Singapore marine fuel 0.5%S on the rise.

Mar 31 - Europe-Asia naphtha flows redirected as economies reopen
Uncommon flows of European naphtha across the Atlantic and elsewhere have hit multimonth highs as declining petrochemical cracking demand has shuttered the typical arbitrage into Asia.

Mar 31 - East-West diesel flows seen lower in April on shut arbitrage
The recent freeing of the giant Ever Given container ship and reopening of the Suez Canal was greeted with relief by the oil community, but traders and analysts in the Asian gasoil market shrugged off the positive news as they cautioned that product flows from Asia and the Middle East to the west of Suez could plunge in April as part of the knock-on effects from the near-week long blockage.

Mar 31 - USGC bunkers markets bracing for weather issues over holiday weekend: sources
Spot retail marine fuel markets along the US Gulf Coast were quiet March 31 as market participants monitored developing weather issues in the Houston Ship Channel, with sources bracing for impact during and after the upcoming Easter holiday weekend.

Mar 31 - Singapore physical gasoil crack slips below $4/b on rising supply, weak demand

Persistently sluggish demand against a backdrop of ballooning supplies in the Asian gasoil market dragged the Singapore physical gasoil crack spread against cash Dubai below the $4/b mark to its lowest since Jan. 8.

Mar 31 - Murban futures attract 'good mixture' of physical, financial traders:
IFAD president
The first day of Murban futures attracted a "good mixture" of physical and financial traders, with at least one target already achieved, according to Jamal Oulhadj, president of ICE Futures Abu Dhabi where Murban trading started on March 29.

Mar 31 - Russian Urals crude lags behind competitive sweet options
Market interest in Russian Urals continues to lag as limited demand weighs on the sour crude while European refiners opt for cheaper sweet grades.

Mar 31 - EIA says Gulf Coast ULSD stocks build to five-week high

Ultra low sulfur diesel stocks on the Gulf Coast saw a build for the third consecutive week, rising 1.08 million barrels to 44.44 million barrels during the week ended March 26, US Energy Information Administration data released March 31 showed.

Mar 31 - Canadian Pacific-KC Southern deal likely adds market share, not more crude by rail
The $25 billion combination of Canadian Pacific Railway with Kansas City Southern creates the first single-path crude-by-rail gateway from Alberta to the Houston-area refining and export network, but it does not mean overall Canadian crude volumes to the US Gulf Coast are going to surge.

Mar 31 - Suez congestion supports European middle distillate prices
The delayed arrival of nine middle distillate cargoes bound for Europe due to the Suez Canal blockage and congestion has lent support to European middle distillate prices, with jet barge premiums reaching six-week highs March 30 as supply was expected to tighten.

Mar 31 - US crude oil inventory draws resume as refinery demand surges:
US crude oil inventories edged lower in the week ended March 26 as refinery demand tested one-year highs, US Energy Information Administration data showed March 31.

Mar 31 - Brazilian February refined product output sinks 0.9% on year
February refined product output in Brazil retreated 0.9% year on year as preparations for maintenance at several processing units, the country's limited Carnival holiday and a fresh round of coronavirus-related lockdowns undermined production, National Petroleum Agency data shows.

Mar 31 - Finland's Porvoo getting ready to start maintenance in April
The maintenance will last approximately 12 weeks. It is carried out approximately every five years.

Mar 31 - Japanese Oil product stocks drop 10.7% on week to 53.33 mil barrels March 27
Low sulfur fuel oil stocks rose 1.8% week on week to 4.23 million barrels, while high sulfur fuel oil stocks tumbled 89.8% from a week ago to 720,000 barrels.

Mar 31 - Japanese March 21-27 oil product exports fall 12% on week to 2.54 mil barrels
Low sulfur fuel oil exports dropped 42.2% on the week to 45,220 barrels.

Mar 31 - Japanese March 21-27 oil products output falls 1.9% on week
High sulfur fuel oil production rose 15.5% week on week to 1.2 million barrels, though low sulfur fuel oil output dropped 22.4% from a week ago at 710,000 barrels.

Mar 31 - Singapore-Fujairah LSFO spread flips to positive as supply in Fujairah recovers
Fujairah domestic supply was compromised earlier in March when Uniper's 80,000 b/d refinery unexpectedly suffered an outage in the week of March 7.

Mar 30 - Gunvor earmarks $500 million for renewable energy push, targets steep emission cuts
Oil trader Gunvor said March 30 it plans to invest at least $500 million under a new renewables energy and non-hydrocarbon technology unit as part of a push to slash its carbon emissions and trade more "sustainable commodities".

Mar 30 - Venezuelan oil sanctions crossroads could come amid summer dearth of diesel
US oil sanctions on Venezuela could reach a tipping point this summer if a dire diesel shortage further exacerbates a humanitarian crisis that continues to unfold even as President Nicolás Maduro has strengthened his hold on power.

Mar 30 - Suez Canal traffic on the move, more port congestions likely
Almost 400 ships poised to transit key commodity chokepoint. Freight rates start to dip after brief Suez boost.

Mar 30 - PIMD's Singapore bunker operations not impacted by Balongan fire: source
"We don't source any of blending components from there, so there's no impact to our operations; most of our supply is via third-party open market sourcing," a source said.

Mar 30 - Tanker freight rates tick lower amid Suez Canal traffic resuming
Fresh fixing activity tests market lower. Despite recent fall market to stabilize at higher levels. Logjam of 360 ships to clear in a week: sources.

Mar 30 - OOCL sees five container ships redirected via Cape of Good Hope
"Suez Canal Authority has commenced navigation and it may take several days to clear the vessels at anchorage nearby," the company said.

Mar 30 - Japan's ENEOS to ship high sulfur bunker fuel from Sakai on Wakayama shutdown

Wakayama supplies only high sulfur bunker fuel. Restart date for shipments from Wakayama remains unclear.

Mar 30 - Sulfur largest culprit for off-spec VLSFOs in 2020, Europe biggest off-spec region: VPS
Sulfur accounts for 45% of VLSFO off-spec tests. Europe largest off-specification region tested by VPS.

Mar 30 - Fujairah expects oil storage to triple by 2024 as ADNOC, other tenants expand facilities
The Fujairah port may add a 10th oil berth to boost interconnectivity with the storage terminals.

Mar 30 - Kazakhstan not planning to extend import ban on diesel: reports
Kazakhstan is not planning to extend the import ban on diesel past April 1, according to local media reports.

Mar 30 - Oman's OTTCO signs operating deal paving way for new products terminal at Duqm
Oman Tank Terminal Company (OTTCO) has signed two agreements with the Port of Duqm Company on a berth operating license and leasing arrangements, as the port gears up to become a refining, storage and export hub in the sultanate, the Port of Duqm said March 30.

Mar 30 - ARA 50 ppm gasoil barges at 5-week low versus ULSD on high inland supply
50 ppm gasoil barges in the Amsterdam-Rotterdam-Antwerp trading hub have reached their largest discount to the equivalent ultra low sulfur diesel barges since late February, with sources noting high inland supply of 50 ppm material and low consumer demand.

Mar 30 - Japan's ENEOS to cut weekly wholesale oil product prices by Yen 1,500/kl: sources
Japan's largest refiner ENEOS is expected to cut weekly domestic wholesale base prices of its five major oil products by Yen 1,500/kiloliter ($2.17/b) in the week started March 28 from the previous week, based on a weak crude oil market, multiple sources said March 30.

Mar 30 - Libyan oil exports set to rise to near two-year highs in April
Libyan crude and condensate exports are poised to jump to a near two-year high of 1.25 million b/d in April, according to S&P Global Platts estimates compiled using data from shipping and trading sources.

Mar 30 - Japan's MOL, Kyushu Electric Power ink agreement for LNG fuel supply to ferries
Around 50 tons of LNG fuel per day will be supplied via truck-to-ship to these ferries berthed in Beppu Port, MOL said.

Mar 30 - Sinopec to leverage hydrogen to meet carbon neutrality by 2050
"We set hydrogen as the main direction for the company's new energy development," Zhang said during the company's 2020 results briefing.

Mar 30 - Maersk reinstates Suez route for two container ships after initial diversion

They are two of its 72 vessels that Maersk says are at, or en route to, Suez.

Mar 29 - River navigation starts in southern Russia ahead of schedule
A long and cold winter in Russia had resulted in thicker-than-usual ice cover on many rivers, although temperatures started quickly rising in late March, which could facilitate opening the rivers for shipments.

Mar 29 - Djibouti bunker sales jump 25% since Suez Canal backup as vessels wait for passage: source

Mar 29 - IMO-compliant bunker fuel in 2020 jumps to over 80% of Rosneft's Russian sales
Russian energy group Rosneft sold 1.3 million mt of low sulfur bunker fuels in 2020 in Russian waters, out of total bunker fuel sales of 1.6 million mt in Russia, the company said in a statement.

Mar 29 - Ever Given container ship has been fully floated, moving north to Great Bitter Lake: sources
Ever Given is moving north to Great Bitter Lake for inspection. More than 360 ships waiting to transit key commodity chokepoint. Maersk warns of significant impact on global trade from canal blockage.

Mar 29 - Marine fuel demand set to rise on routes toward Cape of Good Hope: trade
Piraeus, Istanbul fuel prices face downward pressure from vessel backlog. Feedstock and fuel oil cargo market at mercy of freight rates and oil complex.

Mar 29 - Fujairah has 12 licensed bunker suppliers, with GP Global sale yet to be completed

Mar 29 - Asia residual fuel market: Key market indicators this week
The Asian fuel oil market expects supply from Western arbitraged cargoes to be tight until April 2, as ships waiting to go through the Suez Canal will likely be delayed.

Mar 29 - Singapore ex-wharf 380 CST bunker differential to cargo flips to discount
Ex-wharf bunker weakens on thin demand. HSFO cargo market stable.

Mar 29 - Ever Given 'refloated', Suez Canal to reopen when ship moved to waiting area: SCA
Ever Given's course has been 80% modified. Tugboat operations to resume once high tide is in place. More than 360 ships waiting to transit key commodity chokepoint.

Mar 29 - Suez Canal detour to support Singapore bunker fuel demand
Ships already diverting around Cape of Good Hope. Bunker fuel use to rise on longer journey . Crowding, loading operations also to raise bunker demand.

Mar 29 - Lopez Obrador says moving to restore order to Mexico fuel import markets
Mexican President Andres Manuel Lopez Obrador said March 29 that he is trying to restore order in Mexico's fuel imports after years of corruption distorted the market.

Mar 29 - Singapore gasoil swap crack sinks to 11-week low on mounting supply, tepid demand
The front-month Singapore 10 ppm sulfur gasoil swap spread to the Dubai crude swap narrowed to an 11-week low at the Asia close March 26 amid mounting supply and lukewarm demand.

Mar 29 - Ecuador's crude output declines 4.9% on year in January
Ecuador pumped an average 509,000 b/d of crude in January, a 4.9% decline from the 535,000 b/d produced in January 2020, and a 0.6% drop from 512,000 b/d pumped in December, according to data available Monday on the Ecuadorian central bank's website.

Mar 29 - Suez Canal logjam barely impacts Russian Urals exports, says energy ministry
The Russian Energy Ministry said March 29 that the logjam in the Suez Canal has barely impacted exports of Russia's key crude grade Urals, which uses other delivery routes.

Mar 29 - Maduro offers Venezuelan oil for COVID-19 vaccines
Venezuelan President Nicolas Maduro has offered to trade oil for COVID-19 vaccine supplies.

Mar 29 - Russia's Primorsk April ULSD exports rise 2.9% on month at 1.575 million mt
Exports of ultra low sulfur diesel from the Russian Baltic port of Primorsk will total around 1.575 million mt in April, 2.9% higher than March and unchanged year on year, according to market participants March 29.

Mar 29 - USGC middle distillate flows to Europe dry up in April:
Zero cargoes of US Gulf Coast middle distillates are expected to arrive in Europe so far in April, following a record low of 40,000 mt of ULSD which arrived in March, according to data from S&P Global Platts trade flow software cFlow March 29.

Mar 29 - European marine fuel prices raise scrubber and quality concerns
The European fuel oil market will be eyeing supply and demand balances in the coming quarter, as the coronavirus continues to weigh on demand recovery, and leaves Europe to battle with rising COVID-19 cases alongside vaccine rollouts.

Mar 29 - Naphtha East-West spread narrows as Suez Canal situation improves
The April East-West spread -- the premium of the CFR Japan naphtha cargo swap over the CIF NWE equivalent -- closed on March 26 at a multimonth high, reaching even $22.50/mt during morning trading session, but narrowed sharply to $14.25/mt at the European close March 29, S&P Global Platts data showed.

Mar 29 - Traders book US-to-Asia naphtha shipments amid slim arbitrage opportunities

Tighter supply in Asia kickstarted chartering activity for US-to-Asia naphtha arbitrage flows, amid tighter supply in Asia due to the logistical chokehold at the Suez Canal.

Mar 29 - Ecuador's January refined product output falls 10.4% on year
Ecuador produced a total of 5.88 million barrels of refined products during January, a 10.4% decline from the 6.56 million barrels refined in January 2020, but an increase of 2.8% from the
5.72 million barrels processed in December, according to data available on the central bank's website.

Mar 26 - Ship blocking Suez Canal like 'beached whale' could be stuck for weeks 
A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade. The 400 m (430 yard) Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe.

Mar 25 - Gothenburg to add short-sea terminal service amid EU push to cut road freight 30%
Diesel, gasoil demand in West European transport about 4.4 mil b/d in 2019. EU transport goal of a 60% reduction in GHG emissions from transport.

Mar 25 - Oil trade braces for long delays as Suez Canal closure likely to last days

Almost 40 oil, LNG tankers waiting to transit the key waterway. Backlog could take a week or more to clear: sources. Traders start to change loading/delivery date of oil cargoes.

Mar 25 - Marex Spectron buys Rotterdam-based oil product broker Starsupply
Beefs up EU presence, service range. Latest in string of M&A deals since 2011 formation.

Mar 25 - Prices fall as Suez Canal still closed, demand dips, stock builds loom

Crude and product stock builds in the US were also putting prices under pressure. The US Energy Information Administration late March 24 reported a 1.91 million-barrel build in crude stocks for the week ended March 19.

Mar 25 - COVID-19 has shown that decarbonization goals are achievable
Despite the tremendous growth of renewables, S&P Global Platts Analytics' most plausible scenario points to fossil fuels still accounting for half of the energy mix in 2050.

Mar 25 - South Korea Feb bunker fuel exports plunge 91% on year
Refiners had continually cut run rates since September last year on poor margins for oil products.

Mar 25 - South Korea Feb gasoil exports climb 4% on month
South Korea's February gasoil exports climbed 4.01% on the month, easing off from the seven-year low registered in January, as firmer regional demand for the middle distillate spurred an increase in outflows.

Mar 25 - No clear winner among many bunker fuel options for decarbonization:
Long list includes LNG, LPG, biofuels, methanol, ammonia, hydrogen. IMO has targets to cut greenhouse gas emissions. Methanol demonstration planned in May in Europe.

Mar 25 - Unclear when stuck container ship Ever Given to move out of Suez Canal:
Power shovel works begin to move Ever Given from shallows of canal. Suez Canal is one of the world's most critical commodity chokepoints.

Mar 25 - Suez Canal ship accident delays crude, products arbitrage flows:
Freight, demurrage costs to rise. Voyages via Cape unlikely. Port congestion looming.

Mar 25 - Total to supply LNG as bunker fuel to MSC Cruises at Marseilles

Industry sources have indicated that the first MSC cruise ships to receive the LNG should do so in early 2022.

Mar 25 - High container freight rates leave commodity traders scrambling for alternatives
Commodities that typically ship in containers turning to dry bulk vessels. Trading terms evolving to manage logistical challenges. Intermodal transport reliability attracts shippers despite high costs.

Mar 25 - India Jan fuel oil exports fall 33% amid lower operation rates
India's fuel oil exports in February fell 33% on the month to 75,000 mt, latest data from the country's Petroleum Planning and Analysis Cell showed, as refiners cut their operation rates amid weak demand for oil products.

Mar 25 - Seven Maersk vessels affected by Suez Canal blockage
Seven Maersk vessels are affected by the Suez Canal blockage, according to an advisory by the Danish container carrier March 25.

Mar 25 - Japan's ENEOS settles Jan-Mar fuel oil prices 22-23% higher on firmer oil
Japan's largest refiner ENEOS has settled with domestic industrial customers its January-March quarter fuel oil prices around 22-23% higher than the previous quarter mainly due to firm oil prices, according to documents seen by S&P Global Platts.

Mar 25 - ADNOC, Fujairah bet on each other's growth with Murban crude futures launch
The strategically sited eastern UAE port of Fujairah is about to get a facelift as the primary delivery point for a new crude futures contract that could transform how the Middle East's oil is traded.

Mar 25 - Total says suspends Italy Tempa Rossa crude production for 'extraordinary' maintenance
Total has halted production at its Tempa Rossa onshore heavy oil complex n Southern Italy so it can carry out "extraordinary" maintenance, the French company and project operator has said.

Mar 25 - Israeli-owned container ship Lori 'attacked' in the Arabian Sea: source
Lori, an Israeli-owned container ship, was attacked in the Arabian Sea on March 25, and is currently heading to India, where its damage will be assessed, a source close to the matter said March 25.

Mar 25 - Fresh wave of lockdowns hit oil demand markers in Southern Europe

Oil demand markers in Southern Europe slipped over the last week to March 21 as a wave of new lockdowns and restrictions came into force to contain the latest surge in COVID-19 infection rates.

Mar 25 - Clean product cracks support light Middle East crude values

A preference for lighter crude grades has been demonstrated through spot values for Middle East crude, as by-product light distillate refining margins, especially those for gasoline, have outperformed heavier distillate refining margins this year.

Mar 25 - Iran president says oil export pipeline to be operational this year: Shana
Iranian President Hassan Rouhani said March 25 that the country's strategic oil export route will soon become operational to pipe around the restive Strait of Hormuz.

Mar 25 - Brazil's Petrobras, Abu Dhabi's Mubadala sign $1.65B deal for RLAM refinery

The board of Brazilian state-led oil company Petrobras approved the sale of the Refinaria Landulpho Alves, or RLAM, to Abu Dhabi's Mubadala Investment Co. for $1.65 billion, with the two companies signing a sales contract, Petrobras said.

Mar 25 - Container ships turn to Cape of Good Hope as Suez issues continue: cFlow
The Ever Greet, a sister ultra large container ship of the Ever Given currently blocking the Suez Canal, has turned south on its voyage to Rotterdam and appears to be heading for transit via the Cape of Good Hope, rather than join the ever lengthening queue of ships waiting for the Suez Canal, data from Platts cFlow trade-flow software showed March 25.

Mar 25 - Container lines warn of further delays at Suez, publish waiting lists amid record freight rates
North Asia-to-North container rate 631% higher on the year. Potential opportunity for European ports to work on existing backlog.

Mar 25 - IMO marks bunker consumption at 213 mil mt globally, containerships tops demand
Global bunker consumption at 213 mil in 2019. Containerships, tankers, bulk carriers highest consumers. HSFO took 80% demand share pre-IMO 2020.

Mar 25 - Egypt's Alexandria and Dekheila ports pause activity due to weather 
Egypt's Alexandria and Dekheila ports, which both lie along the Mediterranean, were closed on Wednesday due to poor weather conditions, the Alexandria Port Authority said in a statement. The ports are among the biggest in Egypt and each can handle a maximum of 1 million 20ft-equivalent units (TEUs).

Mar 25 - Bad weather slows ship movements at Australia's top coal port of Newcastle 

Australia's Port of Newcastle, the world's largest coal export port, said on Monday that ship movements at the port have been affected by the heavy rainfall that has hit the east coast of Australia, but operations were continuing. "Port of Newcastle is monitoring conditions and scheduling vessels in close communication with Port Authority NSW," a Port of Newcastle spokesman said.

Mar 25 - Australian coal rail line to Newcastle port partly reopens as flood waters recede 
Australian Rail Track Corp (ARTC) said on Wednesday it has partially reopened the Hunter Valley coal rail lines to Newcastle, the world's biggest coal export port, after nearly a week of heavy rain stopped in New South Wales state. Coal rail deliveries to the Port of Newcastle, which last year shipped 158 million tonnes of coal, were suspended on Thursday when relentless rainfall began in New South Wales, triggering the worst floods in at least 50 years.


Mar 24 - Suez Canal blockage sends ripples through global commodity markets
One of the world's biggest container vessels ran aground in the Suez Canal late March 23, trigging a major scare in the global commodity markets by blocking a critical transit chokepoint.

Mar 24 - Crude prices jump 6% as Suez Canal closure prompts vessel delays
Crude oil futures settled nearly 6% higher March 24, clawing back nearly all of the losses seen the session prior after a grounded container ship closed the vital Suez Canal.

Mar 24 - US crude inventory builds extend amid lasting polar vortex impacts to refiners
US crude inventory builds extended in the week ended March 19, US Energy Administration data showed March 24, as refinery runs continued to see lingering effects from the mid-February polar vortex.

Mar 24 - Hi-5 bunker spread likely to be well supported through 2021: ING
Hi-5 bunker spread likely to remain supported. OPEC+ production ramp ups bullish for 3.5%S FO prices. China 0.5%S MF production growth adds bearish sentiment. Recent Singapore arbitrage for 0.5%S MF lessens, losing support.

Mar 24 - Container market braced for further delays following Suez Canal incident

Some container liners eyeing Cape of Good Hope route. Container market already seeing port delays, seen worsening.

Mar 24 - Fujairah Oil product stocks fall to 2019 level as heavy distillates tumble

13 terminals now reporting inventories. Bunker premiums over Singapore hit 13-month high. Unexpected outage at Uniper Energy refinery.

Mar 24 - Japanese March 14-20 oil product exports rebound 25% to 2.88 mil barrels
Low sulfur fuel oil exports surged 55.6% week on week to 491,953 barrels in the week ended March 20, with high sulfur fuel oil exports having hiked 36.9% on the week to 550,111 barrels.

Mar 24 - Minerva Bunkering 'selling actively' in Fujairah as premiums rise:
Premiums rise on 'some market tightness'. Minerva Bunkering started at port in 2020. Not looking to be biggest player at port.

Mar 24 - Regulatory intervention, sampling key to tackle VLSFO-related quality issues:
VLSFO accounts for about 66% of samples tested by VPS last year. Off-specification seen increasing.

Mar 24 - Singapore Marine Fuel 0.5%S cash differential drops to near three-month low
Singapore receiving higher inflow of western cargoes in March, April. Bunker demand weakens on higher flat prices.

Mar 24 - South Korea Feb oil product exports drop 31% on year as refiners struggle to sell jet fuel
South Korea's refined oil product exports in February dropped 31.2% from a year earlier to 29.55 million barrels, or 1.06 million b/d, as jet fuel shipments continued to falter amid tepid international passenger air transportation activity across Asia, data released by Korea National Oil Corp. showed March 24.

Mar 24 - India's Nayara Energy offers low sulfur fuel oil for H1 May loading
Nayara last sold 42,000 mt of low sulfur fuel oil with 0.3% sulfur for loading over April 1-5 from Vadinar to Vitol at a single-premium to MOPS Marine Fuel 0.5%S assessments, S&P Global Platts reported previously. Nayara is an occasional seller of low sulfur fuel oil.

Mar 24 - Port of Singapore sees Asia's first ship-to-containership LNG bunkering

CMA CGM ship fueled with 7,100 cu m of LNG from FueLNG Bellina. First ship-to-ship operation for FueLNG Bellina. IMO GHG emission cut targets supportive for LNG bunkering: FGE

Mar 24 - Suez Canal blocked after container ship runs aground: sources
More than 40 ships waiting on the south side of the canal. Almost 10% of seaborne oil trade passes through key waterway. Freight rates likely to firm if blockage persists longer.

Mar 24 - South Korea Oil products demand rebounds for first time in nine months in Feb

Refining industry sources said it remains highly uncertain whether South Korea's oil products demand would consistently show a meaningful recovery over the coming months as the government is expected to maintain strict movement restriction measures.

Mar 24 - Soy, sugar traders fight for space in Latam's largest port; costs jump
Soy and sugar traders are fighting for room in Latin America's largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season. Congestion was hitting Brazil's Santos port just as consumers worldwide have been turning to top exporter Brazil for sugar and soybean supplies. The glut of shipments waiting to leave is boosting transport costs and will likely delay arrivals at destinations.

Mar 24 - Container ship runs aground in Suez Canal causing traffic jam
Seven tug boats have come to the aid of a container ship that ran aground in the Suez Canal on Tuesday and blocked other vessels from transiting one of the world's most important waterways.  Shiptracking data on Refinitiv Eikon showed the tug boats surrounding the Rotterdam-bound vessel, which appeared in the tracking maps to still be grounded.

Mar 23 - OPEC+ set to reach oil inventory goal later this year as US output lags: Vitol
The OPEC+ alliance led by Saudi Arabia and Russia is set to push global oil inventories back to 2019 levels later this year with demand recovering in China and the US lagging on boosting its production, according to Mike Muller, Asia head of Vitol, the world's largest independent oil trader.

Mar 23 - Crude slides 6% as pandemic spread dims near-term outlooks
Crude oil futures settled 6% lower March 23 as the market reeled from pandemic-dented demand outlooks and a stronger US dollar.

Mar 23 - Newbuild Aframax, Suezmax vessels mull West of Suez clean floating storage
A number of newbuild Aframax and Suezmax tankers in the West of Suez markets are considering floating storage options for refined products, even though the current contango structure in the underlying ICE low sulfur gasoil futures market isn't wide enough on paper, market sources said March 23.

Mar 23 - Handysizes' versatility drives rates to record high

Support from Australia-China rift. Capesizes typically carry coal, iron ore. Handysizes more flexible in cargoes, ports.

Mar 23 - Success of IMO 2020 rule sets momentum for shipping's decarbonization goals: IMO division head
Limited FONARs show ready supply of compliant fuels. Bunker fuel price collapse supported IMO 2020 rule. IMO working to promote alternative fuels to aid decarbonization.

Mar 23 - Fujairah now reporting bunker sales via S&P Global Platts; Feb volumes fall 6.2%
Exclusive data published on 20th of every month. February bunker sales total 637,585 cu m. LSFO sales comprise 77% of February total.

Mar 23 - Fujairah considers renewables, LNG as shipping industry aims to cut carbon footprint
Shippers looking at alternative fuels to cut emissions. LNG, biofuels, hydrogen, ammonia among options. UAE plans to boost hydrogen production.

Mar 23 - Vietnamese crude spot premiums resilient despite retracting fuel oil cracks
Cash premiums for May-loading Vietnamese crude oil rose to 8-month high supported by pockets of Asian demand despite weakening fuel oil cracks, while prices for Malaysian crude oil grades are expected to edge lower amid weaker gasoil and jet fuel cracks, market sources told S&P Global Platts.

Mar 23 - Sovcomflot, Shell complete first Aframax LNG bunker operation in US
Tanker received LNG while en-route to Europe from US Gulf. Operation facilitated by Shell's LNG bunker barge.

Mar 23 - Asia LR2 tankers rise above w100 first time in 2021: sources
Asia LR rates at year-to-date highs as supply tightens. LR1's premium to LR2 narrows as rates rise.

Mar 23 - Singapore MF0.5% market expected to weaken in April on rising supply, weak bunker

Ex-wharf bunker demand weakens on declining demand. Singapore to see sufficient inflow from the West in April.

Mar 23 - Japan marine fuel 0.5%S differential hits 5-month high amid supply tightness
Berth maintenance at Japan's largest refiner ENEOS' Negishi refinery has led to congestion at the key port of Tokyo Bay, limiting spot offers.

Mar 23 - Shipping company ONE suspends import bookings into Myanmar amid protests
It added that it would strive to deliver shipments that are already on the way despite delays.

Mar 23 - Booming demand and shipping costs feed aluminium rally
Soaring shipping costs, booming demand and tight supplies of primary and scrap aluminium are likely to fuel further price rises for the metal, particularly in importing countries such as the United States and Europe. An unexpectedly strong demand recovery for aluminium used in the transport, packaging and construction industries helped to propel prices on the London Metal Exchange (LME) to $2,280 a tonne on Monday, the highest since June 2018.

Mar 22 - Spot Rotterdam Hi-5 bunker spread eases as crude drops
Spot premiums for 0.5%S marine fuel over 3.5%S fuel oil at Europe's bunker hub in Rotterdam have eased back to their narrowest since the start of February, as the wider oil market softens and easterly arbitrages lose steam.

Mar 22 - EMEA middle distillates: Key market indicators this week
Flat prices in distillates markets fell over the past week, tracking crude downwards amid slow vaccine rollouts in the European Union and a global vaccine supply crunch. Demand for middle distillates in Europe remains weak, although regional production is still reduced, especially for jet fuel.

Mar 22 - Americas Bunkers : Key market indicators March 22-26
Weaker US crude segments pressure Latin America. Tight supply props up New Orleans premium over Houston.

Mar 22 - China seen importing record volumes of North Sea crude in March

More than 1 million b/d of North Sea crudes have arrived in March. But demand likely to slow from April as refineries go into maintenance.

Mar 22 - Ecomar expanding Fujairah refinery, storage capacity as Murban seen adding demand

Ecomar started in Fujairah in 2015. Refinery selling out everything it produces.

Mar 22 - Taiwan's Formosa sells 40,000 mt fuel oil for April loading
The fuel oil cargo is produced at Formosa's residue fluid catalytic cracker. The company last sold 40,000 mt of fuel oil with 0.9% sulfur, maximum 180 CST viscosity, via a tender for loading in March from Mailiao at a discount of around $50/mt to MOPS Marine Fuel 0.5%S assessments, a source close to the development said.

Mar 22 - Ecomar to expand Fujairah refinery, storage capacity
Ecomar Energy Solutions has agreed to expand its refinery and build new storage capacity at Fujairah, with the introduction of the Murban futures in the week starting March 28 seen boosting already strong demand for crude oil and products at the UAE's east coast port.

Mar 22 - Russian Feb fuel oil exports down 2.9% on year at 2.72 mil mt
Export flows were down slightly in February due to higher domestic demand, which has been boosted by a cold spell.

Mar 22 - Europe and Africa Residual Fuel: Key market indicators this week

Demand for 0.5%S FO has cooled off with the arbitrage to the east weaker in recent weeks. LSVGO heard higher on firmer gasoline cracks.

Mar 22 - Chinese Jan-Feb fuel oil exports surge 93.6% on year to 3.06 mil mt
Feb exports jump 84.4% on year. Jan-Feb imports fall 35.9% on year.

Mar 22 - Singapore's April Western low sulfur arbitrage volumes may near 3 mil mt:
Singapore low sulfur marine fuel market likely to remain balanced. April volume into Singapore may dip if more oil diverted to Fujairah.

Mar 22 - Asia residual fuel market: Key market indicators this week

Asian residual fuel markets, especially upstream low sulfur marine fuel, is unlikely to see any significant upside in the week of March 22-26, on a lack of impetus from any potential incremental demand.

Mar 22 - Asia middle distillates: Key market indicators this week

The weakening in the Asian gasoil market may extend into the week starting March 22, with the market remaining driven by supply-side factors.

Mar 22 - Saudi Aramco cuts 2021 capex guidance even as Asia showing signs of demand rebound
2021 capex guidance cut to $35 bil from $40-$45 bil. 'We are seeing a pick-up in demand in Asia'

Mar 22 - Argentina orders grain port workers to end short-lived strike and negotiate
Workers at the Argentine grains port hub of Rosario ended an hours-long strike on Friday, after the government ordered labor unions to negotiate a settlement with management. The General Labor Confederation of San Lorenzo, which represents workers in the northern part of the Rosario grains hub, began the strike at the start of the morning shift over claims that one of the export companies operating in the area had laid off workers without proper compensation.

Mar 22 - Singapore's Jurong Port completes purchase of Lim family's stake in Universal Terminal
Singapore port operator Jurong Port has completed its acquisition of a stake in a major oil storage terminal in the city-state from the family behind collapsed oil trader Hin Leong Trading Pte Ltd, a port spokesman said on Saturday. The spokesman said government-owned Jurong Port had completed the purchase of a 41% stake in Universal Terminal from the Lim family. He declined to give details on the transaction.

Mar 19 - Crude snaps five-session slide as Europe resumes AstraZeneca vaccinations

Mar 19 - Demand outlooks remained under pressure amid concerns of resurgent coronavirus cases in the US, abroad.

Mar 19 - Iran installs first SPM in new oil exports terminal

Mar 19 - Diesel CIF NWE cargoes at lowest premium to 0.1% cargoes in 7 weeks

Mar 19 - Italy Feb oil product demand down 17% on year to 3.8 mln mt: Unem

Mar 19 - Workers at Argentine ports hub Rosario say to go on 24 hour strike
Workers at the Argentine grains port hub of Rosario will start a 24-hour strike on Friday morning to protest layoffs at one of the companies in the sector, an official with the local CGT labor umbrella group said on Thursday. Argentina is the world's top exporter of soyoil, used in making biofuels, and soymeal livestock feed used to fatten hogs and poultry from Europe to Southeast Asia. Rosario is home to some of the biggest soy crushing plants in the world.

Mar 18 - Crude slides 7% as pandemic risks weigh on demand outlooks
Largest single-session slide for front-month Brent, WTI contracts on percentage basis since June.

Mar 18 - TFG Marine adds bunker barge at Corpus Christi
Expansion includes exclusive ex-pipe delivery of marine fuels at Magellan terminal.

Mar 18 - Japan April-September MF 0.5% bunker differentials discussions at similar levels to previous cycle
The Japanese bunker market sees sales of around 300,000 mt/month; volumes do not fluctuate much due to barge and terminal loading limitations.

Mar 18 - Weakening Singapore marine fuel spread unlikely to deter Asian refiners
: sources
A relatively weaker Asian gasoil market has seen some refiners looking to maintain LSFO output in April, after increased spot volumes in March from India, Thailand and Taiwan.

Mar 18 - Top Japanese lenders join shipping industry scheme to cut carbon 
Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts to go green. In recent weeks, Shinsei Bank Ltd, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Finance & Leasing and MUFG Bank have signed up to the scheme, the banks said. 

Mar 18 - Campaign group asks S&P to review Adani Ports in DJ Sustainability index 
Environmental campaign group Market Forces has asked S&P Global to review the inclusion of India's Adani Ports and Special Economic Zone Ltd in a Dow Jones Sustainability Index, citing its ties to the Myanmar military and role in developing a new thermal coal mine. Market Forces, which made the request on Wednesday, said in a statement that aside from Myanmar links, Adani Ports should be scrutinised for its role in opening up the thermal coal mine in Australia, and also past ecological damage at ports in India.

Mar 17 - RBOB falls 2.6% after unexpected US gasoline inventory build
Settlement lowest for front-month RBOB since March 8, more than 10 cents below its recent peak.

Mar 17 - Barges with a total capacity of 4,000 cu m will service offshore with 0.5% sulfur fuel oil, 3.5%S FO and marine gasoil.

Mar 17 - Rising freight and backwardation weigh on European crude arbitrage
European crude stays local, partly on refinery demand. Appetite to move European barrels to the East limited.

Mar 17 - Novorossiisk port loadings halted again as storm resumes
Loadings were initially halted March 11 but resumed March 15, Transneft said previously.

Mar 17 - Berth congestion limits spot bunker fuel offers at Tokyo Bay: sources
"The refinery won't be able to ship bonded bunker fuel; berth availability will remain tight till the end of March," a refining source said.

Mar 17 - Rising oil demand to outpace OPEC supply growth, shrinking spare capacity cushion: IEA
OPEC to have just 2.4 mil b/d of idled capacity available by 2026. Neutral Zone to make Saudi Arabia capable of 12.25 mil b/d output.

Mar 16 - Saudi Arabia targets 1 million b/d domestic oil demand reduction
Developing new methods for manufacture of hydrocarbon-based materials. Plan to have 50% of power generation from renewables by 2030.

Mar 16 - Maldives move against LNG investment to affect bunkering plans
"The committee report mentioned that LNG would be a huge investment but not environmentally friendly due to emissions. Therefore, it will be better to invest in renewable sources like solar," a bunker trader said.

Mar 16 - FOB ARA 0.1%S gasoil barges hit six-month lows on weak demand, high supply
Demand for heating oil barge imports remained low as supply from inland refineries in Germany was high, and refinery runs had started to increase after outright prices rose, sources said.

Mar 16 - Warstila eyes CCS potential for scrubbers ahead of IMO 2030 CO2 target
Signs scrubbers already abate some non-sulfur emissions.

Mar 16 - New VLCCs move Asian gasoil to Europe, Africa as road transport recovers

"Supply from China, India and the Middle East has been pressuring down the market," a Northeast Asian refiner source said.

Mar 16 - OVHcloud is currently evaluating potential technical and operational measures to bring solutions to all affected customers. All communication channels, including our incident tracking platform, can be accessed so that you can stay informed of developments in real time.

You can find the last update concerning our C3 SWAP server :

- SBG-1 Situation : 4 of 12 rooms were damaged
- Electrical restart : Temporarily repowered on 13th March and will be restored permanently on 16th March
- Network restart :
+ Backbone: temporary connection to SBG on 15th March
+ Internal network to be redeployed on 16th March
- Server restart : Provisional ETA: Monday, 22 March for gradual restart

Mar 15 - Repsol says carries out first carbon-compensated LNG bunker operation
Company says move "offers ship owners the possibility of making their commercial routes more efficient and environmentally friendly."

Mar 15 - Crude futures retreat amid virus headwinds, stronger dollar
Longer-term WTI structure remains strongly backwardated.

Mar 15 - Sovcomflot bullish on tanker supply balance despite sluggish scrapping rate

Increased OPEC, US output to bolster tanker demand. Sovcomflot advocates LNG for IMO 2030 goals, vague on 2050 goals.

Mar 15 - Libya forms new oil ministry as NOC eyes releasing revenues
Oil sector seen rebounding with new government.

Mar 12 - Shell charters 10 new VLCCs with dual-fueled LNG engines

Mar 11 - Hosting company OVH data center SBG1/2 heavy outage .
The data center in Strasbourg mainly hosts web applications for companies. Our server supporting SWAP recalculation in SGB1 is safe. We have been extremely lucky. OVH advise full recovery by March 15th ! Let's hope so.

Mar 11 - Brazil soy port premiums turn negative on rain delays -Safras & Mercado   

Port premiums for Brazilian soybeans have turned negative as rains disrupt harvesting and transportation of the oilseeds in key growing states such as Mato Grosso, analyst Luiz Roque from agribusiness consultancy Safras & Mercado said on Tuesday. In some parts of Brazil, trucks are waiting two days in line to unload the freshly reaped grains, he added, underscoring the challenges in shipping a record soy harvest delayed by rains.

Mar 11 - Shipping groups press EU to advance marine 'fuels of future'  

Shipping and trade groups are calling on the European Union to advance the development of ammonia and green hydrogen as the best marine fuel options to enable the industry to accelerate decarbonisation. With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions. 

Mar 11 - India likely to start full operations at Iran's Chabahar port by May end 
India expects to start full-scale operations at Iran's Chabahar general cargo port it has built by the end of May, the country's shipping minister said in a boost for regional trade. India has been developing a part of the port on Iran's south-eastern coast along the Gulf of Oman as a way to transport goods to Iran, but also Afghanistan and central Asian countries, and avoiding rival Pakistan.

Mar 11 - China Jan-Feb iron ore imports up 2.8% on healthy demand 
China's iron ore imports rose 2.8% for the first two months of 2021 from a year earlier, customs data showed on Sunday, as demand for the steelmaking ingredient was supported by a firm consumption outlook. The world's top steelmaking nation brought in 181.5 million tonnes of iron ore in January and February, up from 176.6 million tonnes for the same period a year earlier, according to data released by the General Administration of Customs. 

Mar 11 - U.S. sugar imports and consumption seen falling in 2020/21 - USDA 
The United States government on Tuesday reduced projections for sugar consumption and sugar imports in the 2020/21 season (fiscal year, Oct-Sept) after slow sugar use in the first third of that period. The U.S. Department of Agriculture's (USDA) U.S. sugar consumption estimate for the 2020/21 (Oct-Sept) season was cut by 75,000 short tonnes to 12.26 million short tonnes.

Mar 10 - Russia sees risks of non-OPEC oil output surge on higher prices, supply deficit
Global oil supply deficit stands at 1 mil-2 mil b/d. Full oil demand recovery expected in 2022

Mar 10 - Maritime players partner to explore ammonia as bunker fuel in Singapore
The study aims to cover the entire end-to-end supply chain of ammonia bunkering, including the development of a cost-effective green ammonia supply chain.

Mar 10 - OPEC+ seeks 'fair' oil price, Saudi foreign minister says in meeting with Russian counterpart
Prince Farhan says supporting global economy a priority. Russia's Lavrov says oil market cooperation necessary

Mar 10 - Monjasa says to offer Panama Canal bunker supplies at Cristobal's outer anchorage
The new supply capacity reduces idle time by 24-28 hours, Monjasa said.

Mar 10 - L'hébergeur OVH a été victime d'un lourde panne cette nuit causée par un incendie au sein de son data center de Strasbourg.
Le data center de Strasbourg héberge majoritairement des applications Web à destination des entreprises. Et c'est précisément ces dernières qui ont été touchées par l'incendie. C'est le cas de notre serveur supportant tous les calculs des pages SWAP.

Mar 10 - Hosting company OVH was the victim of a heavy outage this night caused by a fire in its data center in Strasbourg.
The data center in Strasbourg mainly hosts web applications for companies. And it is precisely these who were affected by the fire. This is the case with our server supporting all calculations of SWAP pages. We apology for inconvenience and will let you know when service is restored.

Mar 09 - Greece delivers food to cattle ship at sea for months
Greece will deliver 50 tons of animal feed to the Togo-flagged ElBeik, which has been stuck at sea for nearly three months in the Mediterranean carrying hundreds of cattle rejected by their buyers amid fears of disease, government sources said on Tuesday. The vessel is expected to sail for Spain once the food transfer is completed in the late evening, an agriculture ministry official told Reuters.

Mar 05 - Japanese Refinery throughputs rise, China's likely to ease
Japan's crude throughput rose 8.1% week on week to 2.55 million b/d in the week of Feb. 21-27, with crude run rates increasing to 73.7% in the week, data released by the Petroleum Association of Japan showed.

Mar 05 - India's BPCL sells LSFO for mid-March loading from Mumbai
This is the first time BPCL is indexing a 0.5% fuel oil cargo sale to the Singapore Marine Fuel 0.5% assessment, a company source said.

Mar 05 - Med 0.1% gasoil at six-week high on higher North Africa demand
The Mediterranean 0.1% gasoil cargo market's relative value has risen to a six-week high on improving import demand in March from Tunisia and Libya as mobility recovers, sources said.

Mar 05 - Crude Oil rally extends as supply outlooks tighten in wake of OPEC+ extension
Crude climbed nearly 4% on March 5 as fundamental outlooks tightened following the extension of OPEC+ production cuts into April and a better-than-expected US unemployment report.

Mar 05 - Fujairah VLSFO prices buoyed by OPEC+ deal extension

Delivered 0.5% sulfur marine fuel prices in Fujairah have risen $20/mt since OPEC+ decided to extend its crude production cap into April and not raise it by 500,000 b/d.

Mar 05 - ARA fuel oil stocks up 3% on week as eastern demand slows
Eastern demand was switching from 1%S fuel oil for power generation to 0.5%S for marine fuel or blending.

Mar 05 - Rotterdam publishes licensed bunker barge operators as new system takes effect
License does not apply to 'future fuels'. No mass flow meters yet, decision in 2022

Mar 05 - Libyan freight premiums subside amid consistent output
Libya remerges as main export hub in Mediterranean. Libya poised to export 1.13 million b/d in March

Mar 05 - Singapore's HSFO bunker sales reflects bullish momentum for 2021
Singapore HSFO supply, barge availability, pricing favor its use

Mar 05 - Singapore Residue stocks rise for second consecutive week as fuel oil exports fall 72%
Fuel oil exports slump 72% amid drop in shipments to HK, Phillippines. Fuel oil imports rise 18.22% on week

Mar 05 - Singapore Q2 ex-wharf marine fuel term indications at plus $6-$7/mt to FOB cargo: sources
Volumes are expected to rise in Q2 as container shipping picks up steam on increased economic activity.

Mar 05 - Hong Kong marine fuel 0.5%S market firms to two-month high on demand from containers
"Demand was not much at the end of February, but it is better in March," a HK based bunker supplier said.

Mar 05 - High sulfur bunker fuel in Panama, Chile reaches 17-month high
Crude futures and upstream markets led the surge in high IFO 380 CST prices.

Mar 05 - Trafigura, industry groups call for green hydrogen, ammonia in shipping
The scale of capital investment for developing green hydrogen and ammonia for shipping is Eur1.4 trillion, the group said.

Mar 04 - India merchants almost halt exports to Iran as its rupee reserves fall - officials 
Indian merchants have almost entirely stopped signing new export contracts with Iranian buyers for commodities such as rice, sugar and tea, due to caution about Tehran's dwindling rupee reserves with Indian banks, six industry officials told Reuters. "Exporters are avoiding dealing with Iran since payments are getting delayed for months," said a Mumbai-based dealer with a global trading house.

Mar 04 - Shipping groups tap algorithms to cut carbon emissions 
Leading shipping group Maersk Tankers is investing tens of millions of dollars in digital technology to speed up cuts in carbon emissions across the industry, its chief executive told Reuters. Global shipping accounts for nearly 3% of the world’s CO2 emissions, putting the sector under pressure to clean up. About 90% of world trade is transported by sea.

Mar 04 - Oil-based marine fuel demand to drop as ships cut emissions
- Woodmac 
Global demand for oil-based marine fuels is set to fall in the next three decades as stricter carbon emissions rules for the shipping industry kick in and alternative fuel use climbs, consultancy Wood Mackenzie said on Friday. The U.N.'s International Maritime Organization (IMO) is set to formally adopt energy efficiency regulations in June that aim to reduce the carbon footprint of new and existing ships by 40% by 2030 compared with 2008 levels. 

Mar 03 - India's BPCL offers LSFO for mid-March loading from Mumbai
This is the first time BPCL is indexing a 0.5% fuel oil cargo sale to the Singapore Marine Fuel 0.5% assessment, a company source said.

Mar 03 - Crude jumps over 2% amid bullish OPEC+ expectations, sharp US gasoline draw
Oil futures moved sharply higher March 3 as the market increasingly priced in a modest quota increase expected at the March 4 OPEC+ meeting after a key advisory committee issued no recommendation on April output levels.

Mar 03 - Bangladesh raises March HSFO imports as warmer weather boosts power demand
Bangladesh is likely to import around 350,000 mt of high sulfur fuel oil in March, up from 300,000 mt in February, as a seasonal increase in temperatures boosts power demand, Bangladesh Independent Power Producers' Association president Imran Karim told S&P Global Platts March 2.

Mar 03 - Japanese Feb. 21-27 oil products output rebounds 7.4% on week
Japan's oil products output rebounded 7.4% week on week to 17.03 million barrels over Feb. 21-27, the Petroleum Association of Japan said March 3.

Mar 03 - Japan delivered 0.5% sulfur bunker premium hits 4-month high on berth congestion
Tokyo Bay delivered marine fuel 0.5%S bunker fuel premium over benchmark FOB Singapore marine fuel 0.5% fuel oil cargo rose to a four-month high of $31.71/mt on March 2, Platts data showed, mainly due to berth congestions.

Mar 03 - Japanese Feb 21-27 oil product exports nearly triple to 3.15 million barrels
Japan's oil product exports nearly tripled on the week to 3.15 million barrels over Feb. 21-27 from 1.21 million barrels the previous week, data released March 3 by the Petroleum Association of Japan showed.

Mar 03 - Belgium's Fluxys to join HEH's Stade LNG import terminal project in Germany
Hanseatic Energy Hub, or HEH, the developer of the planned LNG import terminal at Stade in northern Germany, and Fluxys said March 3 they had agreed for the Belgian gas infrastructure company to join the project as "industrial partner."

Mar 03 - Fujairah Oil product stockpiles slump to 3-month low
Oil product stockpiles at the UAE's east coast port of Fujairah dropped to a three-month low, dragged by the biggest drop in heavy distillates since October after fuel oil exports surged in February.

Mar 03 - Brazil's Petrobras starts ULSD expansion at REDUC refinery

Brazilian state-led integrated oil company Petrobras started preparations for a massive expansion at the Refinaria Duque de Caxias, or REDUC, in Rio de Janeiro state that is expected to nearly double ULSD production capacity by 2023, the company said March 3.

Mar 03 - USGC bunkers pricing continues slide on weaker crude, motivated sellers
Spot retail marine fuel pricing in the US Gulf Coast fell for a fourth consecutive session March 2 as pressure came from a receding crude complex, while some sources also motivated sellers dealing with weak demand fundamentals.

Mar 03 - UK Storegga joins forces with Japan's Mitsui on CCS in Europe, Asia-Pacific
The UK's Storegga -- which is developing the Acorn carbon capture and storage (CCS) project in the UK -- has joined forces with Japan's Mitsui to pursue new CCS opportunities in Europe and the Asia-Pacific region, it said March 3.

Mar 03 - Jet fuel lagging global petroleum demand recovery

As the impact of the coronavirus pandemic ebbs with the rollout of vaccines, global petroleum demand should return to 2019 levels by the end of this year, although jet fuel demand will lag that recovery, industry executives said March 1.

Mar 03 - Persian Gulf ports expand capacity at twice global rate: KPMG
Ports in the Persian Gulf region have expanded their capacity at the twice the global rate as supply growth outpaced demand last year, according to a March 3 report by KPMG Lower Gulf, part of KPMG International.

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.

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.