A weekly Argus news digest of interest to the conventional and alternative marine fuel markets. Argus‘ offices were closed on 7 April. To speak to our team about accessing the stories below, please contact: oil-products@argusmedia.com.
Alternative marine fuels
6 Apr Indonesia ships first sizeable volume of UCO to the US Indonesia exported the first ever sizeable volume of used cooking oil (UCO) to the US in…
6 Apr Malaysia’s Petronas sells ammonia on formula to Gemoil Malaysia’s state-owned Petronas has sold…
6 Apr Brazil’s diesel consumption drops in February Brazil’s diesel consumption fell in February amid lower demand from the agriculture sector, while gasoline consumption increased.
5 Apr Planned e-methanol site in southern Spain progresses Project developer Cetaer is advancing plans to develop an e-methanol production site in …
5 Apr West Virginia 2.2mn t/yr blue ammonia plant secures gas One of the largest blue hydrogen projects under development, in West Virginia, US, has secured a supply …
4 Apr Biodiesel share in German fuel mix up in January The share of biodiesel in Germany’s road fuel mix rose on the month in …
4 Apr UK’s Atome actualises Iceland green ammonia plans UK-based green hydrogen and ammonia firm Atome Energy has announced a …
4 Apr France remained an RME biodiesel market in 2022 French domestic supply and demand for biodiesel remains dominated by …
4 Apr LNG discount to methanol renews LNG bunker interest The premium for LNG compared with grey methanol flipped to a discount in …
4 Apr US methanol spot prices sink to multiyear lows The US Gulf coast methanol spot price assessment for the front-month sank to …
3 Apr Morocco’s OCP targets 1mn t of green ammonia by 2027 Moroccan fertilizer firm OCP has announced ambitious green ammonia …
3 Apr Ireland’s ethanol, biodiesel demand edges higher in Feb Irish biodiesel and ethanol consumption increased on the month and the year in …
3 Apr Q&A: EU boosts green marine fuels, says OCI CEO Inclusion of shipping emissions under the EU’s emissions trading system (ETS) and mandatory reduction in the greenhouse gas (GHG) intensity of marine fuels excites OCI Global and Fertiglobe chief executive Ahmed El-Hoshy. The ETS, GHG fuel intensity cuts for EU maritime fuels and upwards revised renewables targets are building the market, he told Argus.
3 Apr Methanex cuts April Asia methanol contract price Canada-based methanol producer Methanex has cut its Asian Posted Contract Price (APCP) to …
Conventional marine fuels
6 Ap ExxonMobil workers end strikes at French refineries Workers at ExxonMobil’s downstream sites in France are ending a…
6 Apr Capesize bulkers face ‘anemic’ port congestion: BRS The recent rise in Capesize rates on the back of rebounding…
5 Apr US Gulf coast fuel oil output at 3½-year high in March US Gulf coast residual fuel oil production in March rose to the highest in more than…
5 Apr Croatia’s Ina seeks diesel made from non-Russian crude Croatia’s Ina has issued a tender to buy diesel on a…
5 Apr India removes crude windfall levy, halves diesel tax India has removed a windfall tax on crude production and…
5 Apr Non-Russia origin bunker fuel sold at premium in UAE Guaranteed non-Russia origin fuel oil has been trading at substantial …
4 Apr Pemex output of less-desired HSFO at 10-year high Pemex produced 305,100 b/d of heavy sulfur fuel oil (HSFO) in February, a high not seen since …
4 Apr Japan sees higher oil product demand in FY2023-24 Japan’s oil product demand is forecast to increase in the April 2023-March 2024 fiscal year, on the back of …
4 Apr Lowest European diesel crack spread since war began European non-Russian diesel prices have fallen to their lowest premium against crude since …
3 Apr Higher Asian bunkers may lift Pacific Panamax rates Freight rates for Pacific dry bulk Panamax vessels could continue to rise on …
3 Apr NE Asian MR freight rises on higher Chinese exports Freight rates for clean Medium Range (MR) tankers from northeast Asia are higher, supported by …
3 Apr Oil tanker backlog grows as French strikes rumble on Strikes over pension rights are continuing to hamper operations at French refineries, while a …
3 Apr Russian Black Sea product exports rise Product loadings at Russian Black Sea ports increased by 60pc …
3 Apr Fire hits Pertamina’s Indonesian Dumai refinery An explosion and a fire hit state-controlled Indonesian refiner Pertamina’s …
3 Apr Boarded tanker found but some crew missing A tanker that was boarded by pirates on 25 March has been recovered, but …
3 Apr German’s Bayernoil refinery extends partial shutdown The shutdown at the Neustadt section of the 207,000 b/d Neustadt-Vohburg refining complex is …
3 Apr Germany’s costly return to diesel cargo market looms German diesel stockpiles are steadily sinking and …
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Source: Argus
