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Feature: USGC ULSD jumps as export demand to Brazil surges

21 hours ago DieselGasoil Comments Off on Feature: USGC ULSD jumps as export demand to Brazil surges
Houston — Brazilian demand for US Gulf Coast diesel (gasoil) this month — spurred by a refinery outage and state-run pricing — has helped drain supplies and push spot differentials past a one-month high. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed USGC ULSD Thursday Read More

European middle distillates cracks hit 2019 highs as crude slips

1 day 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

U.S. oil sanctions leave Russian exporters $1 billion richer

1 day ago DieselGasoil Comments Off on U.S. oil sanctions leave Russian exporters $1 billion richer
By Dina Khrennikova and Anya Andrianova on 8/16/2019 MOSCOW (Bloomberg) – U.S. sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between November and July, data compiled by Bloomberg show. The Read More

South Korea versus Japan delivered 380 CST bunker price spread hits record high

1 day ago DieselGasoil Comments Off on South Korea versus Japan delivered 380 CST bunker price spread hits record high
Singapore — The delivered 380 CST bunker fuel price spread between South Korea and Japan widened to a record high Thursday, due to persistent tightness in high sulfur fuel oil supply in South Korea and rising supply in Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The South Read More

Feature: IMO 2020 preparations and their impacts on US exports

2 days ago DieselGasoil Comments Off on Feature: IMO 2020 preparations and their impacts on US exports
Houston — Ahead of IMO 2020, shipowners are increasingly taking ships off the water for scrubber installations, reducing tonnage availability in the Americas and supporting expectations that freight will firm in the coming months, impacting US export competitiveness. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now On January 1, Read More

Analysis: Oct light sour crude sees upside potential on firm Asian demand

2 days ago DieselGasoil Comments Off on Analysis: Oct light sour crude sees upside potential on firm Asian demand
Light, high sulfur crude grades loading from the Persian Gulf in October and flowing into Asia have the potential to trade at higher premiums than previously expected due to firm product margins and robust demand from North Asian refiners, traders told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber notes & Read More

Sour crude spreads trade sideways despite firm spot demand

2 days ago DieselGasoil Comments Off on Sour crude spreads trade sideways despite firm spot demand
Singapore — Benchmark Dubai crude futures spreads largely traded sideways in mid-morning hours in Asia on Friday, despite several cargoes changing hands at small premiums for the October cycle in the latter half of the week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10 am in Singapore Read More

US oil, gas rig count falls 15 on week to level not seen since May 2017

2 days ago DieselGasoil Comments Off on US oil, gas rig count falls 15 on week to level not seen since May 2017
Houston — The US oil and natural gas rig count fell this week to a low not seen since May 2017 as activity dropped or stalled in all the country’s major basins, information published by RigData showed Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now As of Wednesday, Read More

US set to sanction Rosneft oil, fuel trade with PDVSA: senior Trump administration official

2 days ago DieselGasoil Comments Off on US set to sanction Rosneft oil, fuel trade with PDVSA: senior Trump administration official
Highlights Official ends speculation that Rosneft, PDVSA could continue debt trades US looking at trading patterns as basis for future sanctions PDVSA planned to ship 125,800 b/d to Rosneft in August Washington — The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela’s PDVSA in Read More

Oil slide extends amid trade war concerns, stronger dollar

2 days ago DieselGasoil Comments Off on Oil slide extends amid trade war concerns, stronger dollar
New York — Oil futures settled lower Thursday amid a stronger US dollar and lingering macroeconomic growth concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled down 76 cents at $54.47/b and ICE October Brent was $1.25 lower at $58.23/b at market close. ICE US Read More