Fuel Oil
Asia spot diesel discounts narrow amid tightened supply
Northeast Asian refiners sold November-loading ultra low-sulfur diesel at the narrowest discounts since the start of the year as supply has tightened due to lower regional output.
China, Saudi Arabia top buyers of Russian fuel oil in September
China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in September.
Colonial Oil Industries Marine Division achieves ISCC Plus and EU certifications
Colonial Oil Industries’ Marine division has received International Sustainability & Carbon Certification (ISCC) certification from SCS Global Services. This certification recognizes Colonial’s commitment to sustainability and its ability to produce and trade sustainable biofuels.
Phillips 66 agrees to sell interest in Switzerland-based joint venture
Phillips 66 has announced that its subsidiary, Phillips 66 Ltd., has entered into a definitive agreement to sell its 49% non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner.
Singapore marine fuel sales down for second month in Sept., though biofuels climb
Sales of marine bunker fuel at Singapore eased for a second consecutive month in September, though marine biofuel sales surged to a fresh record high.
Mexico's Pemex posts drop in oil production as Lopez Obrador exits
Crude output by Pemex fell in August as Mexico's national oil company failed to reduce fuel imports in line with company targets, while overall falling well short of the lofty energy trade goals of the country's outgoing president.
Russia's Novatek launches new condensate unit at Ust-Luga complex
Russian energy company Novatek has launched the new processing unit at its gas condensate complex at the Baltic Sea port of Ust-Luga in the last third of the August.
Singapore's middle distillates stocks dip for third week amid robust net exports
Singapore's middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports.
U.S. Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened.
Singapore's middle distillates stocks rebound to more than 11 MMbbl
Singapore's middle distillates stockpiles climbed back above 11 MMbbl despite a rise in net exports for diesel/gasoil and jet fuel/kerosene.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- BASF boosts refinery catalyst innovation with new R&D center in Attapulgus, Georgia (U.S.) 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
- Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery 5/18
