Fuel Oil
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.
Asia leads in fuel oil imports from Nigeria's Dangote, but volumes may fall
Asia has become the top destination for Nigeria Dangote refinery's low-sulfur straight run (LSSR) fuel oil exports in 2024 so far, though trade sources expect volumes to taper off going ahead.
Asia 10-ppm gasoil refining margins near 18-month low on clouded outlook
Asia's 10-ppm sulfur gasoil refining margins have slumped to a near 18-month low amid mixed market outlooks as well as softer ICE gasoil futures and prompt paper swaps.
- More than 100 employees leave U.S. EIA, putting crucial energy data at risk 4/17
- Russia ramps up oil products supplies to Indonesia 4/17
- India eyes ending import tax on U.S. ethane and LPG in trade talks 4/17
- Russia's diesel output to rise in May despite seasonal maintenance 4/17
- Valero books $1.1-B impairment, may idle California refinery 4/17
- Czechs hail end of Russian oil dependence with first increased deliveries from west 4/17
