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European fuel oil hi-lo hits two-year high on refinery

The premium of FOB Northwest Europe 1% sulfur fuel oil cargoes to 3.5% sulfur FOB Rotterdam barges -- known as the hi-lo spread -- has surged to its highest level in over two years, assessed up 0.75/m

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Fuel oil NWE hi-lo nears year high: Platts data S&P

The physical hi-lo, the premium of FOB Northwest European 1% sulfur fuel oil cargoes over FOB Rotterdam 3.5% barges, continues to find momentum to the upside, reaching near year high levels at 46.50/mt as buying appetite for low sulfur fuel oil grows and a closed arbitrage East puts high sulfur fuel oil prices under sustained pressure, Platts data showed Wednesday.

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Crude oil prices hit two-year high The Guardian Nigeria

Crude oil prices yesterday hit the highest in two years as Organisation of the Petroleum Exporting Countries (OPEC) experienced highest-ever conformity with voluntary production adjustment.

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Oil hits two-month high in strongest week of the year

2017-07-28 Oil ended its strongest week this year with a surge on Friday, built on receding fears of oversupply, as U.S. crude came within striking distance of $50 a barrel for the first time since the end

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Oil hits 25-month high on U.S. stocks draw Reuters

Oil prices soared to the highest level in 25 months on Wednesday, rising for the seventh time in eight sessions as U.S. government data showed an unexpected heavy drawdown in crude inventories

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Oil Hits Two Year High as Saudi Purge, Rig Count, Nigeria

Oil Hits Two Year High as Saudi Purge, Rig Count, Nigeria Woes Threaten Supply. Brent Crude and WTI gained Monday after Saudi's pro-OPCE Crown Prince tightened his grip on power and Niger Delta

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Oil hits 2-year high, driving up gas prices USA TODAY

2017-11-06 Oil hits 2-year high, driving up gas prices. Nathan Bomey . USA TODAY. Oil prices on Monday hit a mark not seen since June 2015 in a trend that's

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Oil Stocks Hit Two-Year High in Europe Hub WSJ

Oil Stocks Hit Two-Year High in Europe Hub More than 60 million barrels were stored at Dutch and Belgium ports in June European data add another note of caution for an oil market still recovering

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U.S. Crude Exports Hit 96 Year High OilPrice

2016-06-06 U.S. Crude Exports Hit 96 Year High Europe and Asia are flooded with oil from Russia and the Middle East, though the first two shipments to leave the U.S. post-export ban went to Europe

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Zainab Calcuttawala

LUKOIL Oil Refining

The launch of the delayed coker complex and related optimization measures will increase the output of light products at Nizhny Novgorod Refinery by more than 10%. Increased secondary refining capacity and optimized refinery utilization will help reduce fuel oil output by 2.7 million tonnes per year.

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U.S. oil hits 2-year high on pipeline outage, lower

2017-11-23 U.S. crude hit a two-year high in thin trade on Thursday as the shutdown of a major crude pipeline from Canada and a draw on fuel inventories pointed to a tightening market, despite rising output from U.S. producers. Trading volumes were thin because of

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Exxon Expects Demand For High-Sulfur Fuel Oil To Drop

The IEA estimates in the annual report that demand for high sulfur fuel oil (HSFO), the main vessel fuel since the 1960s, will plunge to 1.4 million bpd from 3.5 million bpd in just one year, and

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Dirty shipping fuel margins plunge as cleaner fuel rules

2019-08-16 Margins for European high sulphur fuel oil (HSFO), used to power ships, sank this week as preparations for a global shift to cleaner maritime fuel next year start to weigh on prices.

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Oil Prices Hit A Three-Year High Nasdaq

2018-05-15 Tuesday, May 15, 2018 Sector Commentary Energy stocks are poised for continued strength as oil prices hit a 3½-year high and as broader index.

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U.S. Crude Oil Refineries Hit 2-Year Capacity Low The

2013-03-13 Refinery output dropped to 81% capacity for a new two-year low. At the same time, crude oil imports bumped up 3% to 7.73 million barrels per day. At the same time, crude oil

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Fuel oil Wikipedia

Residual fuel oil is less useful because it is so viscous that it has to be heated with a special heating system before use and it may contain relatively high amounts of pollutants, particularly sulfur, which forms sulfur dioxide upon combustion. However, its undesirable properties make it very cheap. In fact, it is the cheapest liquid fuel available.

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Oil price hits 2-year high of $57 US a barrel as Saudi

Oil hits 2-year high as Saudi graft crackdown raises prospect of production cuts. The price of oil has risen to its highest point in two years as Saudi Arabia's heir to the throne consolidates

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Oil Prices Hit Two-Year High, Fueled by Expansive Global

Oil Prices Hit Two-Year High, Fueled by Expansive Global Growth Crude inventories fall as economic growth boosts demand for fuel The logo of the Organization of the Petroleum Exporting Countries

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Oil prices hit two-month high as refineries boost crude

(Bloomberg) — Oil closed at the highest level in almost two months on Tuesday after a government report showed U.S. refineries boosted their use of crude. West Texas Intermediate futures rose for a third day after the Energy Information Administration said fuel plants processed 16 million barrels a day of crude last week, the highest level for this time of year in data going back to 1989.

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Global refiners raise cleaner shipping fuel output ahead

Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulfur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020. The new International Maritime Organization (IMO) rules prohibit ships from

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Oil prices hit two-month high as refineries boost crude

(Bloomberg) — Oil closed at the highest level in almost two months on Tuesday after a government report showed U.S. refineries boosted their use of crude. West Texas Intermediate futures rose for a third day after the Energy Information Administration said fuel plants processed 16 million barrels a day of crude last week, the highest level for this time of year in data going back to 1989.

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India's African oil imports hit three-year high in October

2018-11-14 India's African oil imports hit three-year high in October India's overall imports in October rose 14.1 percent from a year earlier to 4.7 million barrels per day (bpd) with shipments from Africa more than doubling to 874,000 bpd, according to the data REUTERS November 14, 2018, 18:18 IST

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What’s crackin? US oil refiners going full throttle

Fuel oil cracks in both Europe and Asia have weakened considerably, with expectations of increased flows from the Middle East as we approach the end of summer. While inventory levels in Europe have started to show a slight recovery, with stocks in the ARA region edging higher over the last two weeks, and in fact remain at the top end of the five-year range.

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Oil Prices Hit 2 Year High

2017-09-26 Thomson Reuters LONDON — Oil prices jumped to their highest point in more than two years late on Monday and remain close to those levels in early trade on Tuesday. The rise is down to

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Oil prices hit two-year high as Saudi graft probe widens

2017-11-06 Oil prices hit a two-year high on Monday as Saudi Arabia’s anti-corruption probe widened with the reported arrest of the founder of one of the kingdom’s largest travel companies. Nasser al

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Oil hits 18-month high over $85 Reuters

2010-04-05 Oil hits 18-month high over $85 3 Min Read LONDON (Reuters) U.S. crude futures hit an 18-month high on Monday, climbing towards $86 per

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List of oil refineries Wikipedia

This is a list of oil refineries.The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state

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Eni Refinery, Venice

Eni’s Venice refinery processes approximately 360,000 tonnes of vegetable oil a year, a figure that will rise to around 600,000 tonnes once construction work on the conversion project is complete. Currently European-certified palm oil is used due to its wide availability compared to supplies of second and third- generation feedstock. However

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Oil hits 2 year high! : Calgary reddit

The city of Calgary, Alberta, Canada.

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Global refiners raise cleaner shipping fuel output ahead

Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulphur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards

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Capturing margin opportunities in oil and gas refining

These trends have disproportionately hit gasoline demand since it is traditionally favored in the light-duty vehicle sector. This structural shift has caused refineries to focus year-round on optimizing for diesel and jet-fuel production at the expense of gasoline and naphtha. In addition, capital projects that capitalize on this price spread

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OPEC O Organization of the Petroleum Exporting Countries

However, weak fuel oil demand has diminished the impact in some areas. Once the tight supply situation in Europe ends, the gasoline market is expected to move back over to the bearish side, given low seasonal demand, and the oversupply of fuel oil is likely to keep refinery

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Factbox: Global refiners raise cleaner shipping fuel

2019-11-20 Some U.S. refiners have also been importing high-sulphur fuel oil to turn into cleaner refined products for sale worldwide, as fuel oil hit a three-year seasonal low.

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Oil products market analysis Energy Aspects

Low-sulphur fuel oil markets are nearing peak tightness amid last-minute demand for new fuels from shippers and a spate of logistical constraints as bunkering infrastructure is being readied for the transition to lower-sulphur fuels. The tightness in fuel availability is likely transitory, as VLS.. Read more

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BBC NEWS Europe Europe fuel protests spread wider

2008-05-30 Fuel protests triggered by rising oil prices have spread to more countries across Europe, with thousands of fishermen on strike. Union leaders said Portugal's entire coastal fleet stayed in port on Friday, while in Spain, 7,000 fishermen held protests at the agriculture ministry.

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GLOBAL TRENDS IN OIL & GAS MARKETS TO 2025

• The European oil refining industry is experiencing a. systemic crisis. Such ongoing trends as the decrease in US gasoline imports and commissioning of new highly effective oil refineries in the Middle East and Asia will continue to have a long- term negative effect on European producers. •Gas consumption will grow faster than oil consumption. The greatest potential for gas consumption

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High Sulphur Fuel Oil Shell Global

High-density 500/700cSt fuel oil is a well established and proven marine bunker fuel, suitable for use in large modern vessels with low-speed diesel engines. It is more cost competitive than 380cSt fuel, and therefore offers operators comparable performance at lower cost. What are the operational considerations for the use of Shell RMK’s ?

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Oilsands crude headed for price shock in 2020 due to new

2018-06-07 Oilsands crude headed for price shock in 2020 due to new fuel standards The coming marine shipping rules could double or even triple the discount on heavy oil

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Oil markets hit by Storm Harvey; U.S. dollar slips Reuters

U.S. crude oil futures fell on Monday but gasoline prices surged to 2-year highs as Tropical Storm Harvey kept hammering the U.S. Gulf Coast, knocking out several refineries, which backed up crude

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Russian Oil Set to Lose Billions in Ship-Fuel Overhaul

2018-10-29 Russia supplied its fuel oil to more than 120 countries last year, from the Netherlands to Fiji. In Europe’s oil-trading and shipping hub of Rotterdam, contracts for supplying fuel oil in

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