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United Kingdom

Roslan Khasawneh

Tight supply pushes Singapore 380-cst fuel oil cash premium to record

27 Aug 2019

SINGAPORE The cash premium for cargoes of 380-centistoke (cst) high-sulfur fuel oil (HSFO) in Singapore rose to a record on Tuesday, according to Reuters data, boosted by intense buying interest amid shrinking supplies.

UPDATE 1-Tight supply pushes Singapore 380-cst fuel oil cash premium to record

27 Aug 2019

SINGAPORE, Aug 27 The cash premium for cargoes of 380-centistoke (cst) high-sulphur fuel oil (HSFO) in Singapore rose to a record on Tuesday, according to Reuters data, boosted by intense buying interest amid shrinking supplies.

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.

Exclusive: China-owned oil tanker changes name in apparent effort to evade U.S. sanctions

16 Aug 2019

SINGAPORE/KUALA LUMPUR While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier (VLCC) Pacific Bravo went dark on June 5, shutting off the transponder that signals its position and direction to other ships, ship-tracking data showed.

EXCLUSIVE-China-owned oil tanker changes name in apparent effort to evade U.S. sanctions

16 Aug 2019

SINGAPORE/KUALA LUMPUR, Aug 16 While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier (VLCC) Pacific Bravo went dark on June 5, shutting off the transponder that signals its position and direction to other ships, ship-tracking data showed.

Oil prices slip as demand concerns outweigh efforts to curb supply

13 Aug 2019

SINGAPORE Oil prices slipped on Tuesday, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output.

Oil prices edge down as traders weigh slowing demand against supply curbs

13 Aug 2019

SINGAPORE, Aug 13 Oil prices edged lower on Tuesday, offsetting narrow gains in the previous session, on the expectation major producers would continue to reduce global supplies due to a slowing economic growth outlook.

Counting down to 2020, Singapore's Ocean Tankers tests IMO-compliant fuel

28 Jul 2019

(This July 25 story corrects company name in penultimate paragraph from Ocean Tankers to Ocean Bunkering Services)

Indonesia will not enforce IMO low-sulphur fuel rules on domestic fleet

26 Jul 2019

JAKARTA/SINGAPORE, July 26 Indonesia will not enforce new global rules mandating low-sulphur marine fuels on its domestic shipping fleet because of the high cost of cleaner fuel, an official from the country's Ministry of Transportation said this week.

World News

Iran says it will destroy any aggressor

Iran will pursue any aggressor, even it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran.