Fuel Oil
Russia's Novatek to maximize naphtha exports in March amid Asia shortage
Rising production in Ust-Luga and easing ice conditions in the Baltic Sea will allow Novatek to boost naphtha exports to Asian markets, where supply challenges due to the Gulf conflict have sent prices to record highs.
Taiwan's Formosa Petchem issues force majeure as Iran war disrupts feedstock delivery
For refined fuel products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot availability for April.
Russia to send crude oil and fuel to Cuba soon, Izvestia reports
Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.
EIA: U.S. crude stocks increase by most in a year after storm hit refining, exports
U.S. crude stocks rose last week as refining and export activity slowed during a winter storm last month, while domestic output started to recover from the freeze.
Record January fuel oil exports from Kuwait's al-Zour refinery weigh on Asian market
The surge in supply from Kuwait, a major fuel oil exporter, will boost availability in bunkering hubs such as Singapore and weigh on prices in Asia.
ARA gasoline stocks increase 15%
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 15% on the week to their highest in eight months.
EIA: U.S. crude, fuel inventories rose in the week ended December 19
Monday's data release was delayed over six hours and released after the oil market had closed.
Singapore fuel oil stockpiles rise to two-week high
Onshore fuel oil stockpiles in Singapore rose to a two-week high, as both imports and exports rose from the previous week.
China's November fuel oil imports up 15% from October
The import volumes totaled 2.15 million metric tons (t), or about 454,957 barrels per day (bpd).
EIA: U.S. crude and fuel inventories climb, refining activity picks up
Crude inventories rose by 574,000 bbl to 427.5 MMbbl in the week ended November 28, the EIA said, compared with analysts' expectations in a poll for an 821,000-bbl draw.
- BASF starts up the world’s first production plant for 3D-printed catalysts in Ludwigshafen 3/19
- Haffner Energy receives rapid bookings for CORE100 clean-fuel production units 3/19
- ABB launches EmissionVision to automate advanced gas leak detection 3/19
- Ebara Elliott Energy partners with NuScale Power for use of advanced nuclear technology to power petrochemical plants 3/19
- bp agrees to sell 12-MMtpy Gelsenkirchen refinery to Klesch Group 3/19
- Sumitomo Corporation, “K” LINE and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore 3/19
