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Singapore is expected to receive 1.3 million-1.8 million mt of low sulfur fuel oil from the West of Suez in December, compared with November when 1.5 million-1.8 million mt of fuel oil was likely [...]

The European physical gasoil market, already showing signs of tightness, could strengthen further on reduced supply from Russia due to the EU’s February 5, 2023 sanctions, according to [...]

China’s appetite for domestic oil consumption may remain subdued for an extended period following the rising number of confirmed COVID-19 cases, but analysts and trade sources told S&P [...]

Egypt will boost its LNG exports by 14% to 8 million mt/year in 2022, the country’s petroleum and mineral resources minister said Nov. 27, as the North African producer seeks to plug a hole [...]

OPEC and its allies will monitor oil market conditions and the supply-demand balance in its upcoming Dec. 4 meeting, Iraq’s national representative to OPEC said Nov. 26, as the coalition [...]

Strong Aframax freight rates for hauling crude and fuel oil are luring clean Long Range II, or LR2, product ships into the dirty tanker market to capitalize on higher earnings in that segment, [...]

The 10-500 ppm sulfur gasoil spread in Asia narrowed to an over eight-month low Nov. 24, showed data from S&P Global Commodity Insights, amid weaker ultra-low sulfur gasoil prices and a [...]

User adoption is everything and resistance isn’t futile.

Ukraine’s largest standalone steelworks ArcelorMittal Kryvyi Rih said Nov. 24 it had to suspend production because of widespread blackouts across the country following Russian missile [...]

Demand for heating fuels such as gasoil and LPG has shown few signs of recovery despite cooling temperatures across Europe, sources said Nov. 24. The propane market has been trending lower as [...]