newszine

Responding to Trump, UPS and FedEx say they already fight illegal drug shipments

4 hours ago DieselGasoil Comments Off on Responding to Trump, UPS and FedEx say they already fight illegal drug shipments
(Reuters) – FedEx Corp (FDX.N) and United Parcel Service Inc (UPS.N) said on Friday they already work closely with law enforcement to stop illegal shipments from entering the country after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painkiller fentanyl from China. FILE PHOTO: The logo of United Parcel Service Read More

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

7 hours 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

Demurrage costs mount for owners of contaminated Urals crude

12 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

Trade tariffs seen muting IMO 2020 impact for US refiners

1 day 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

Malaysia will have adequate LSFO to meet demand as IMO 2020 looms: Transport Minister

2 days ago DieselGasoil Comments Off on Malaysia will have adequate LSFO to meet demand as IMO 2020 looms: Transport Minister
Singapore — Malaysia is readying for the International Maritime Organization’s global sulfur limit rule for marine fuels and will have sufficient low sulfur fuel oil to meet upcoming demand as the IMO 2020 rule inches closer, Loke Siew Fook, Malaysia’s Transport Minister said during an industry event in the country this week. Not registered? Receive Read More

Crude oil futures steady on mixed EIA data, geopolitical risks

2 days ago DieselGasoil Comments Off on Crude oil futures steady on mixed EIA data, geopolitical risks
Singapore — Crude oil futures were steady to marginally higher during mid-morning trade in Asia Thursday, amid mixed data on US inventory levels while market participants keep watch on geopolitical developments in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:20 am in Singapore (0220 Read More

Analysis: US crude oil stocks resume draw as refiner demand surges

2 days ago DieselGasoil Comments Off on Analysis: US crude oil stocks resume draw as refiner demand surges
New York — US crude stocks fall 2.73 million barrels to 437.78 million barrels Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Refinery utilization up 1.1 points at 95.9% of capacity Products show surprise build as demand dips US crude oil inventories resumed a seasonal draw last week amid Read More

Shell seeks competitive ways to decarbonize shipping

2 days ago DieselGasoil Comments Off on Shell seeks competitive ways to decarbonize shipping
Highlights Charters 14 new LNG-powered crude oil and product tankers Adds to last year’s four chartered LNG dual-fuel Aframax crude oil tankers London — Shell is pursuing competitive ways to reduce CO2 emission from ships, including those from oil tankers, it said this week as it signed a charter deal for a fleet of 14 Read More

US to sell 10 million barrels of sour crude from strategic petroleum reserve

2 days ago DieselGasoil Comments Off on US to sell 10 million barrels of sour crude from strategic petroleum reserve
Houston — The US will sell 10 million barrels of sour crude from its Strategic Petroleum Reserve with deliveries planned for October and November, the Department of Energy announced Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a notice of sale Wednesday, DOE said offers must be Read More

Iran warns of consequences amid US pressure to ‘zero out’ oil exports

2 days ago DieselGasoil Comments Off on Iran warns of consequences amid US pressure to ‘zero out’ oil exports
Highlights Iran’s president say security in International waters cannot be guaranteed Focus on Adrian Darya 1 tanker as it sails eastward Iran’s exports sink, floating storage leaps Tehran — Iran’s leaders have once again warned that maritime security will remain at risk if its oil exports continued to be comprised as the US warns countries Read More