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Nov 22, 2024 | 
spglobal.com | Kelly Norways
When Nigerian business mogul Aliko Dangote unveiled plans to build one of the world's largest refineries in Lagos, skeptics saw the $20 billion project as fanciful. Waves of state-built refineries have failed to make a dent in Nigeria's fuel import dependence, while a series of setbacks to the project only confirmed fears. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Oct 24, 2024 | 
spglobal.com | Kelly Norways |Charlie Mitchell |Max Lin
A growing number of tankers involved in Iran and Venezuela's illicit oil trade appear to be swapping their cargoes off West Africa, according to ship tracking data, as the US tightens its grip on sanctions-busting by Tehran. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Feb 27, 2024 | 
spglobal.com | Kelly Norways
Moscow will introduce a six-month ban on its gasoline exports from March 1, after Prime Minister Mikhail Mishustin approved the measure, Russia's RBC reported, citing a source close to government. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Jan 25, 2024 | 
thegermanbusinessreport.com | Kelly Norways |Laura Varriale |Mark Thomas
German industry has begun to show signs of strain as a six-day strike against its state-owned rail service has shown no sign of ending ahead of schedule. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Jan 25, 2024 | 
germantransportationdaily.com | Kelly Norways |Laura Varriale |Mark Thomas
German industry has begun to show signs of strain as a six-day strike against its state-owned rail service has shown no sign of ending ahead of schedule. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Oct 24, 2023 | 
spglobal.com | Kelly Norways
The current wave of refinery capacity expansion -- which will see around 6 million b/d added to global capacity -- is likely to be the last, according to the International Energy Agency, as it forecasts post-2030 capacity growth to recede in all its scenarios. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. In its latest World Energy Outlook Report released Oct.
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Aug 8, 2023 | 
spglobal.com | Kelly Norways
The hi-lo fuel oil spread -- or premium for 1%S FOB NWE cargoes over the 3.5%S FOB Rotterdam barges -- has dropped to an all-time low of minus $19.25/mt, as strengthening HSFO markets continue to subvert traditional quality spreads. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The spread first dropped to $19.25/mt on Aug. 2, and dropped to the same level Aug. 8 as global sour crude tightness has continued to spur an HSFO rally.
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Jul 26, 2023 | 
spglobal.com | Kelly Norways
Total Rotterdam bunker sales volumes (excluding lubes) fell by 10% in Q2 2023, according to new data from the Port Authority. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now VLSFO sales fell by 8% on the quarter to 906,368 mt, a level 15% lower than the previous year. The fuel type continued to account for the majority of demand in Q2 (excluding lubes), comprising 38% of total sales.
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Jul 11, 2023 | 
spglobal.com | Kelly Norways
Bunker fuel supplier Peninsula completed its first bio-bunker delivery from its new chemical tanker in the Gibraltar Strait last month, joining suppliers such as World Fuel Services and Cepsa in seeking to cater to growing biofuels demand in the Mediterranean . Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Jun 9, 2023 | 
spglobal.com | Kelly Norways
Reduced European access to sour crude oil following the ban on Russian supply has tightened the supply of high sulfur fuel oil, supporting the long-term outlook for its value. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Europe's access to heavy crude oil dropped sharply in December when the EU sanctioned seaborne imports of Russian barrels.
