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Japan steps up imports from Ecuador to replace Iranian crude

2 hours ago DieselGasoil Comments Off on Japan steps up imports from Ecuador to replace Iranian crude
Highlights Ecuadorian oil imports in May to be about 2.7 mil barrels Fuji Oil buys Napo as main basis to replace Iranian Heavy Tokyo — Some Japanese refiners have stepped up imports of crude from Ecuador because of the need to replace Iranian oil, with a fully-laden VLCC arriving in Tokyo Bay in the coming Read More

Petrobras to deliver first VLCC cargo to its China bonded storage by end-June

7 hours ago DieselGasoil Comments Off on Petrobras to deliver first VLCC cargo to its China bonded storage by end-June
Singapore — Brazil’s Petrobras is scheduled to deliver a VLCC crude cargo to bonded storage facilities it has leased at Qingdao port in China’s eastern Shandong province by end-June, according to a port source with knowledge of the vessel and ship tracking data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Brent/Dubai EFS jumps to near 1-year high amid US-China trade tensions

8 hours ago DieselGasoil Comments Off on Brent/Dubai EFS jumps to near 1-year high amid US-China trade tensions
The Brent/Dubai Exchange of Futures for Swaps spread jumped to a near 1-year high in Asian morning trade Friday, on what trade sources said was active bidding in the ICE Brent crude futures market amid ongoing geopolitical tensions between the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Venezuelan petroleum exports to Cuba surge in response to US sanctions

16 hours ago DieselGasoil Comments Off on Venezuelan petroleum exports to Cuba surge in response to US sanctions
Caracas, Venezuela — Venezuela has increased oil supplies to ally Cuba in May four-fold as US sanctions severely limit exports to other countries, PDVSA documents show. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now According to the documents, seen by S&P Global Platts Thursday, state-owned PDVSA exported 1.416 million Read More

US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms

18 hours ago DieselGasoil Comments Off on US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms
Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US National Oceanic and Atmospheric Administration predicts four to eight hurricanes will develop during this year’s Atlantic hurricane season, including two to four major storms with Read More

US rig count adds nine on week, despite Permian drop: Platts Analytics

18 hours ago DieselGasoil Comments Off on US rig count adds nine on week, despite Permian drop: Platts Analytics
Denver — Permian sheds seven rigs Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Gas production slowing in Appalachia, Haynesville US oil and natural gas rigs totaled 1,074 for the week ended May 22, according to data by S&P Global Platts Analytics. This represents a net increase of nine Read More

With US offshore plan likely scrapped, industry pursues changes to federal lease terms

19 hours ago DieselGasoil Comments Off on With US offshore plan likely scrapped, industry pursues changes to federal lease terms
Highlights Lobbyists want royalty rates reduced, time limits extended Priority to expand into eastern Gulf meets Florida opposition Gulf output, forecast to average 2 million b/d, may soon peak Washington — A Trump administration plan to expand offshore oil and natural gas leasing to nearly all federal waters will likely be scrapped and redrawn, with Read More

Crude futures tumble with equities as US-China trade war continues

19 hours ago DieselGasoil Comments Off on Crude futures tumble with equities as US-China trade war continues
Highlights US crude, product builds driving the decline Global demand growth concerns weigh Washington deadlock bearish New York — Crude futures fell to their lowest levels since mid-March Thursday on trade tensions between the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX July crude settled Read More

Bunker testing company VPS sees wide range of 0.5% S fuel viscosity

21 hours ago DieselGasoil Comments Off on Bunker testing company VPS sees wide range of 0.5% S fuel viscosity
Amsterdam — Bunker testing laboratory VPS has seen a wide viscosity range in the samples it has seen so far of new cleaner marine fuel blends for use when the International Maritime Organization’s global sulfur limit drops to 0.5% next year, the company said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Spain’s Cepsa aims for premium position within 0.5% sulfur bunker market

1 day ago DieselGasoil Comments Off on Spain’s Cepsa aims for premium position within 0.5% sulfur bunker market
Amsterdam — Spanish refiner Cepsa is aiming to position its 0.5% sulfur marine fuel blends as a premium product within the market for lower-sulfur fuels as it seeks to make all of them compatible with each other, the company said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More