newszine

Interview: Indian Oil Corp eyes Saudi, US crude to replace bulk of Iranian volumes

6 hours ago DieselGasoil Comments Off on Interview: Indian Oil Corp eyes Saudi, US crude to replace bulk of Iranian volumes
Kuala Lumpur — State-run Indian Oil Corp., or IOC, will be aiming to replace up to 70% of the Iranian crude volumes with incremental inflows from Saudi Arabia and the United States, as the country’s biggest buyer of Iranian crude steps up effort to find alternative supplies, its chairman Sanjiv Singh told S&P Global Platts Read More

US-led effort to limit IMO 2020 compliance would not cut fuel prices: study

6 hours ago DieselGasoil Comments Off on US-led effort to limit IMO 2020 compliance would not cut fuel prices: study
Washington — A US-led defection from next year’s tougher international marine fuel sulfur standards would be difficult, if not impossible, and would not lead to lower domestic fuel prices, according to a study released Wednesday by a group of US oil and gas producers, refiners, shippers and trade unions. Not registered? Receive daily email alerts, Read More

Marathon Petroleum signs offtake agreement for IEnova’s Manzanillo terminal in Mexico

18 hours ago DieselGasoil Comments Off on Marathon Petroleum signs offtake agreement for IEnova’s Manzanillo terminal in Mexico
Highlights Manzanillo is also contracted by BP and Trafigura Terminal will serve Western Mexico, which demands 225,000 b/d of fuel Mexico City — Marathon Petroleum signed an offtake agreement for IEnova’s new Manzanillo marine terminal in Mexico’s Pacific coast, the companies said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Analysis: China gasoline exports to rebound in June on new quota, oversupply

1 day ago DieselGasoil Comments Off on Analysis: China gasoline exports to rebound in June on new quota, oversupply
Singapore — China gasoline exports in May fell 42.4% year on year and 27.6% from the previous month to 850,000 mt, but market sources expected volumes to rebound in June after export quota allocations mid-May and amid an oversupply in the domestic market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Brazil’s refinery output sinks on year in May

2 days ago DieselGasoil Comments Off on Brazil’s refinery output sinks on year in May
Brazil’s output of refined-oil products tumbled year on year in May as weak growth in Latin America’s largest economy continued to undermine demand, National Petroleum Agency data showed Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Refineries produced 55.5 million barrels of diesel (gasoil), gasoline and other products Read More

Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas

2 days ago DieselGasoil Comments Off on Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas
MOSCOW/LONDON (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest exporter of crude this spring is long over. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga, Russia February 26, 2018. REUTERS/Vladimir Soldatkin/File Read More

Japan JXTG to halt 1% sulfur A-fuel oil supply in Oct as it starts IMO-compliant fuel supply

5 days ago DieselGasoil Comments Off on Japan JXTG to halt 1% sulfur A-fuel oil supply in Oct as it starts IMO-compliant fuel supply
Tokyo — Japan’s largest refiner JXTG Nippon Oil & Energy will stop 1.0% sulfur A-fuel oil supply in the domestic rack and waterborne markets from October when it starts supplying bunker fuels that complies with the International Maritime Organization’s sulfur limit rule, a company source familiar with the matter told S&P Global Platts Friday. Not Read More

Japan refiners weigh alternative crude supply without transiting Strait of Hormuz: PAJ chief

5 days ago DieselGasoil Comments Off on Japan refiners weigh alternative crude supply without transiting Strait of Hormuz: PAJ chief
Tokyo — Japanese refiners have started weighing alternative crude supply sources that would not need to transit through the Strait of Hormuz, including from the Red Sea side in Saudi Arabia, West Africa and the US, amid rising tensions in the region, Petroleum Association of Japan President Takashi Tsukioka said Friday. Not registered? Receive daily Read More

Crude oil futures spike more than 2% after Iran claims shot down US drone

6 days ago DieselGasoil Comments Off on Crude oil futures spike more than 2% after Iran claims shot down US drone
Singapore — Crude oil futures climbed over 2% in late afternoon trade in Asia on Thursday, as energy and financial market participants were covering their short paper positions on renewed concerns over potential Persian Gulf sour crude supply disruptions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Front-month ICE Read More

Analysis: India’s growing affinity for US crude may trigger more term deals

6 days ago DieselGasoil Comments Off on Analysis: India’s growing affinity for US crude may trigger more term deals
Singapore — India is witnessing a dramatic surge in US crude inflows and volumes could rise further as refiners look to seal long-term and spot deals to ensure steady supplies and cushion the impact from any potential disruption because of rising geopolitical tensions, analysts told S&P Global Platts. Not registered? Receive daily email alerts, subscriber Read More