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European middle distillates cracks hit 2019 highs as crude slips

4 days ago DieselGasoil Comments Off on European middle distillates cracks hit 2019 highs as crude slips
London — European middle distillate cracks have climbed to their highest this year amid falling crude prices, a closed arbitrage from Asia and expectations of greater demand as International Maritime Organization 2020 regulations on marine fuels loom. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month 10 ppm Read More

Fujairah’s heavy residue stocks rise for second week as summer power consumption peaks

5 days ago DieselGasoil Comments Off on Fujairah’s heavy residue stocks rise for second week as summer power consumption peaks
Singapore — Fujairah’s stock of heavy distillates and residues have increased for the second straight week, according to data by the Fujairah Oil Industry Zone released late Wednesday, as refineries continue to produce more fuel oil for power generation during the summer season. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Fujairah data: Refined product stocks up 10% on middle distillates gain

6 days ago DieselGasoil Comments Off on Fujairah data: Refined product stocks up 10% on middle distillates gain
Dubai — Refined oil product stockpiles at the Middle Eastern hub of Fujairah jumped 10% in the week to August 12 to 21.253 million barrels — an eight-week high — according to data released Wednesday by the Fujairah Oil Industry Zone. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Asian middle distillates supply may balloon as refineries restart from maintenance

7 days ago DieselGasoil Comments Off on Asian middle distillates supply may balloon as refineries restart from maintenance
Singapore — The Asian middle distillates complex is likely to face headwinds thisweek as fresh barrels are expected to hit the spot market with the restart ofseveral regional refineries following completion of scheduled turnarounds. Meanwhile, weaker demand for middle distillate cargoes towards the end ofthe peak travel season could also weigh on prices, market participants Read More

Feature: US seen losing market in Mexico amid Asian gasoline glut

2 weeks ago DieselGasoil Comments Off on Feature: US seen losing market in Mexico amid Asian gasoline glut
Mexico’s June gasoline imports from the US likely dropped year on year, while the country’s imports from Asian countries reached new highs, according to preliminary data from Mexico’s Energy Secretariat, a trend supported by a glut of gasoline across the Pacific in Asia. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Low crude gives airlines opportunity to increase jet fuel hedging

2 weeks ago DieselGasoil Comments Off on Low crude gives airlines opportunity to increase jet fuel hedging
London — Airlines are topping up their hedging levels in the wake of falling Brent crude, low sulfur gasoil futures and outright jet fuel swap prices, sources say. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Airlines hedge the majority of their fuel costs against Brent crude but have Read More

European refiners cultivating a taste for Nigeria’s Egina crude

2 weeks ago DieselGasoil Comments Off on European refiners cultivating a taste for Nigeria’s Egina crude
Nigeria’s newest export crude, the medium sweet Egina, is proving popular with European refiners due to its high distillate yields, with output from the Total-operated field close to its full capacity of 208,000 b/d. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Egina deepwater field came onstream late Read More

China Aviation Oil’s H1 jet, gasoil trading volume up 17% on year

2 weeks ago DieselGasoil Comments Off on China Aviation Oil’s H1 jet, gasoil trading volume up 17% on year
Singapore — China Aviation Oil’s middle distillate — jet fuel and gasoil — trading volumes in the first half of 2019 rose 17.46% on the year to 10.36 million mt, but its gross profit fell 3.02% year on year due to lower prices , the company said in its financial results released Wednesday. Not registered? Read More

Fujairah data: Oil product stockpiles rebound to 2-week high

2 weeks ago DieselGasoil Comments Off on Fujairah data: Oil product stockpiles rebound to 2-week high
Dubai — Refined oil products stockpiles at Fujairah in the UAE rebounded in the past week, on higher supply of marine fuel and other heavy distillates and residues, according to data released Wednesday by the Fujairah Oil Industry Zone. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total inventories Read More

Traded oil futures on Japan’s TOCOM dip 2% on month in July, slide 47% on year

2 weeks ago DieselGasoil Comments Off on Traded oil futures on Japan’s TOCOM dip 2% on month in July, slide 47% on year
Singapore — Traded oil futures on the Tokyo Commodity Exchange dipped 2.22% month on month to 244,825 trades in July, and slid 46.87% year on year, latest TOCOM data showed Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Traded Dubai crude oil contracts fell 2.79% on month to Read More