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Koustav Samanta

Oil product shipping rates in Asia hit near two-week high after U.S. sanctions

27 Sep 2019

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.

Oil product shipping rates in Asia hit near two-week high after U.S. sanctions

27 Sep 2019

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.

IMO 2020 to boost gasoil demand by 1.2 mln bpd - WoodMac

26 Sep 2019

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.

India's fuel demand to grow at over 4% through 2030 - Nayara Energy

10 Sep 2019

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.

New emission norms for ships: Dirty fuel oil down but not out

09 Sep 2019

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.

Cheaper compliant fuel oil stalks gasoil's lead in IMO 2020 switch

06 Sep 2019

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.

Asia fuel oil spot premium at record, market says last sputter before dying out

05 Sep 2019

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.

Europe set to buy more Asian gasoil as shippers switch to cleaner fuels

02 Sep 2019

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.

RPT-Asian refiner profits hammered by free-fall in fuel oil margins

26 Aug 2019

* Weakened global economy, poor fuel demand could weigh -analysts

Asian refiner profits hammered by free-fall in fuel oil margins

23 Aug 2019

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.

World News