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China to impose 5% tariff on US crude from Sep 1: State Council

28 mins ago DieselGasoil Comments Off on China to impose 5% tariff on US crude from Sep 1: State Council
Singapore — China’s plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limiting buying interest in US crude from Chinese refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Russia data: July fuel oil exports down 11.6% on year to 2.532 mil mt

5 hours ago DieselGasoil Comments Off on Russia data: July fuel oil exports down 11.6% on year to 2.532 mil mt
London — Russian fuel oil exports in July fell 11.6% year on year to 2.532 million mt while domestic deliveries were up 0.6% to 0.944 million mt, according to data released late Thursday by the Central Dispatching Unit of the Russian energy ministry. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Indonesia’s Duri crude gets a boost from IMO 2020 demand for LSFO

5 hours ago DieselGasoil Comments Off on Indonesia’s Duri crude gets a boost from IMO 2020 demand for LSFO
Singapore — Indonesia’s Duri crude oil this month traded at strong premiums forAugust and September loading, driven up by blending requirements ahead of theIMO 2020 low sulfur marine fuel regulation, several trade sources said thisweek. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Both the August-loading and September-loading cargoes Read More

Demurrage costs mount for owners of contaminated Urals crude

5 hours ago DieselGasoil Comments Off on Demurrage costs mount for owners of contaminated Urals crude
Highlights 4 tankers hold 600,000 mt of contaminated oil Ships sailed in spring, when VLCC demurrage was $30,000/day Owners may now claim higher detention costs London — Demurrage costs for holding contaminated Urals crude are mounting, withfour tankers from Baltic Sea ports still waiting to unload cargoes more thanfour months after loading, sources said Thursday. Read More

Crude oil futures steady amid US rig count dip, growth concerns

13 hours ago DieselGasoil Comments Off on Crude oil futures steady amid US rig count dip, growth concerns
Singapore — Crude oil futures were steady during mid-morning trade in Asia Friday amid a decline reported in US oil rig count data and ongoing global demand and growth-related concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:15 am in Singapore (0215 GMT), ICE Brent October futures Read More

Singapore HSFO/marine fuel oil spreads touch fresh highs ahead of IMO 2020

13 hours ago DieselGasoil Comments Off on Singapore HSFO/marine fuel oil spreads touch fresh highs ahead of IMO 2020
Singapore — The spread between Singapore high sulfur and Marine 0.5% sulfur fuel oil for the prompt months have widened to fresh highs on Thursday, as fundamentals for the fuel oil industry adjust before the International Maritime Organization’s sulfur mandate kicks in January 2020. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Brent/Dubai EFS widens from 3-week low after fresh oil rig data

13 hours ago DieselGasoil Comments Off on Brent/Dubai EFS widens from 3-week low after fresh oil rig data
Singapore — The spread between ICE Brent futures and Dubai crude futures widened mid-morning Friday from a three-week low on the back of an uptick in Brent crude futures following the release of fresh oil rig data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Brent/Dubai Exchange of Futures Read More

Trade tariffs seen muting IMO 2020 impact for US refiners

19 hours ago DieselGasoil Comments Off on Trade tariffs seen muting IMO 2020 impact for US refiners
New York — Weakening export demand for US-made products is skewing the impact of the change to cleaner ship fuel on US refined products as marine gasoil prices fall and cracks widen ahead of the IMO’s mandated January 1, 2020, deadline to reduce sulfur content to 0.5% from 3.5% . Not registered? Receive daily email Read More

Oil slides as weak US manufacturing PMI spurs demand growth concerns

20 hours ago DieselGasoil Comments Off on Oil slides as weak US manufacturing PMI spurs demand growth concerns
New York — Oil futures settled lower Thursday as demand concerns took center stage amid weaker US economic data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX October WTI settled down 33 cents at $55.35/b and ICE October Brent was down 38 cents at $59.92/b at market close. Read More