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Fuel Oil

Singapore fuel oil stockpiles slip to two-week low

Singapore's onshore fuel oil stockpiles eased to a two-week low on lower imports.

Refined fuels and oil prices: long positions decline as distillate sales stall price rally

Benchmark oil prices plateau as investors finish repurchasing bearish short positions, impacting refined fuels and U.S. natural gas with declining sales and a short covering rally, respectively.

Montfort in talks with Sinopec for UAE fuel oil facility sale

Geneva-based trading house Montfort Group is in discussion to sell part or all of its refining facility in the UAE to the fuel oil arm of Chinese state giant Sinopec Corp.

U.S. Gulf Coast fuel oil imports hit five-year low as domestic supplies jump

Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.

Russia boosts fuel exports to Senegal on shipping sector demand

Russia has significantly increased its fuel exports to Senegal this year on rising bunker demand, as more companies are diverting cargoes around Africa instead of using Red Sea routes.

Russia cuts fuel oil supplies by rail for further export by 1.2% in January

Russia reduced fuel oil supplies via rail for further export by 1.2% in January from the same month a year ago and by 6.2% from December amid refinery outages.

Nigeria's new Dangote refinery to export fuel oil, naphtha cargoes

Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery.

Uganda says it is in talks to import all its oil via Tanzania

Uganda is negotiating with Tanzania to import all of its oil products through Dar es Salaam, which would mean an end to imports via Kenya's Mombasa port.

Singapore fuel oil inventories draw for second consecutive week

Singapore's onshore fuel oil inventories fell for a second straight week as an uptick in exports exceeded a climb in imports.

Singapore middle distillates stocks dip but remain above 7 MM bbls

Singapore's middle distillates stockpiles slipped slightly week-on-week as net exports of both diesel/gasoil and jet fuel/gasoil posted robust gains.

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