Fuel Oil
Marine biofuel premiums soften at top bunker hub Singapore
Spot premiums of marine biofuel fell at world's largest bunker hub Singapore in early 2024, several market sources said, weighed by lukewarm demand, lower biofuel feedstock costs and a stronger underlying benchmark for residual fuel oil.
Russia's Tuapse oil refinery will not resume operations this month
Rosneft-owned Tuapse oil refinery on the Black Sea will not resume operations this month, at the very least.
Fuel tanker Luggati loads at Novatek's Ust-Luga terminal
The tanker Luggati is being loaded at Novatek's NVTK.MM terminal at the Baltic Sea port of Ust-Luga, where the company's fuel-producing complex was damaged by fire in January.
Singapore fuel oil inventories slip on lower imports, higher bunker demand
Singapore onshore inventories of residual fuel oil slipped for a second straight week on lower imports, while more demand for marine bunkers also led to a drawdown.
Russia's Ust-Luga port continues crude, fuel exports while Novatek terminal shut
The Baltic Sea port of Ust-Luga was exporting crude oil and fuel apart from at Novatek's terminal which remained closed after being damaged by fire.
UAE's ADNOC sells more fuel oil from Ruwais refinery in January
UAE's Abu Dhabi National Oil Company has sold more straight-run fuel oil from its Ruwais refinery complex this month via private sales.
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- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
