SINGAPORE Freight rates for shipping naphtha and other clean oil products from the Middle East to Japan have jumped 13% to their highest levels in nearly two weeks after Washington imposed sanctions on tanker subsidiaries of China's COSCO, according to industry sources and Refinitiv data.
SINGAPORE Freight rates for shipping naphtha and other clean oil products from the Middle East to Japan have jumped 13% to their highest levels in nearly two weeks after Washington imposed sanctions on tanker subsidiaries of China's COSCO, according to industry sources and Refinitiv data.
SINGAPORE, Sept 26 A switch to cleaner marine fuels in the shipping industry from next year would create more than a million barrels per day (bpd) of incremental demand for marine gasoil, Wood Mackenzie Research Director said at an industry conference on Thursday.
SINGAPORE India's overall fuel demand will rise by more than 4% a year to 2030 as the country's improved road transport network stokes demand for gasoil, the head of oil and gas group Nayara Energy said on Tuesday.
SINGAPORE, Sept 9 Asia's spot premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) is expected to ease gradually from its recent record highs as shippers adopt cleaner marine fuels next year to meet new, tougher rules on emissions from ships.
SINGAPORE When new global rules limiting the amount of sulphur in shipping fuels were announced, marine gasoil (MGO), a type of diesel fuel used on ships, was declared the early winner since most types readily met the new 0.5% limit on sulphur content.
SINGAPORE, Sept 5 Asia's spot premium for marine fuel benchmark 380-centistoke (cst) high-sulphur fuel oil (HSFO) has touched record highs this week as shippers clamoured for limited supplies ahead of a sulphur cap in shipping fuels that starts next year.
SINGAPORE More Asian gasoil is expected to head to Europe as buyers take advantage of the biggest seasonal price gap between the two regions in at least seven years to build up stocks ahead of a switch to cleaner marine fuels, traders and ship brokers said.
* Weakened global economy, poor fuel demand could weigh -analysts
SINGAPORE Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulfur fuel oil (HSFO) ahead of a shift to cleaner marine fuels next year.
Donald Trump on Monday exhorted fellow Republicans to get tougher and fight for his presidency, saying the Democratic-led U.S. House of Representatives wants to impeach him "as quick as possible" over his request that Ukraine investigate a political rival.