Fuel Oil
Container shippers hedging green transition with dual-fuel vessel orders
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.
Singapore middle distillates stocks rise for fourth week to six-week high
Singapore's middle distillates inventories rose for the fourth straight week to a six-week peak as net exports of jet fuel slid further while those of diesel climbed.
EIA: U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration (EIA) said.
Quarterly gasoil uses rises, but future demand set to be weak
Lower prices helped to drive higher-than-expected Organization for Economic Co-operation and Development (OECD) gasoil use in the third quarter, driving up overall oil demand, but weak manufacturing and sluggish growth are likely to cap future consumption.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell
Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant's outgoing owner.
Dangote Oil Refinery can now process winter diesel, executive says
The Dangote Oil Refinery has the capacity to produce winter diesel for the European market, a further indication of its potential to disrupt the global refining market.
Russia's Novatek may raise naphtha exports to 600,000 t/month from Ust-Luga
Russian energy company Novatek may boost exports of naphtha from its Ust-Luga complex on the Baltic Sea to up to 600,000 tons (t) a month after maintenance and thanks to a new processing unit.
India, Saudi Arabia top buyers of Russian VGO and fuel oil in October
India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October.
U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose in the week ending Nov. 1, the Energy Information Administration (EIA) said on Wednesday.
Russia's Surgutneftegaz awards annual tender for diesel, fuel oil exports
Russian energy company Surgutneftegaz awarded its annual tender for diesel and fuel oil exports in 2025 at higher prices than a year ago.
- Air Canada and Airbus launch joint initiative to scale domestic Canadian SAF 8/3
- Purdue Biofuels Consortium to bring biodiesel and ethanol blends to diesel engines 8/3
- Convertus closes on $135-MM financing for flagship biofuel facility in Ontario, Canada 8/3
- New process turns mixed plastic waste into hydrogen fuel without sorting 8/3
- Iraq's Baiji refinery output unaffected by fire 8/3
- India's ONGC to reserve half of new oil storage for strategic reserves 8/3
