Platts Dec News Today

Singapore’s high sulfur bunker fuel sales rose again in November, entrenching the grade’s role in the bunker fuel mix firmly despite the push for cleaner marine fuels amid stricter environmental rules for international shipping. Sales of HSFO, which includes 180 CST, 380 CST and 500 CST bunker fuel, increased 0.9% from October to a multi-month ...

US natural gas storage fields are poised to post the first triple-digit withdrawal of the season as a mild winter has calmed concerns of the inadequate inventories observed during the summer. The US Energy Information Administration is expected to report a 127 Bcf withdrawal for the week-ended Dec. 24, according to a survey of analysts ...

Third-party gas certification that took off in 2021, particularly in the Haynesville Shale in Louisiana and East Texas, could lead to the first certified gas US LNG export cargo in 2022, market watchers say. The first US LNG cargo sourced entirely from certified gas could set sail as early as the second quarter of 2022, ...

China’s Ministry of Commerce has issued 107.4 million mt in crude import quotas to 36 qualified independent and non-major state-owned refineries in the first batch for 2022, falling 9.4% from the same batch in 2021, refining sources told S&P Global Platts Dec. 30. This is the first year-on-year reduction in the first batch crude quota ...

German energy company Uniper is eyeing selling more biofuels to shipowners in the Middle East amid high demand for cleaner fuels, a company official told S&P Global Platts Dec. 8, as countries race to cut emissions and implement their net-zero emissions pledges. Uniper, in partnership with Dubai-based Neutral Fuels, started this year supplying biofuels to ...

Different sectors within the shipping sector are likely to shift to renewable fuels at different paces, with tankers and containers wide geographical footprint and their flexibility in destination likely to count against them, an official at marine engineering firm Wartsila said. On the face of it, these two sectors are quite different as tankers operate ...

Oil product stockpiles fell to a 12-week low as of Dec. 13, led by a slump in gasoline, naphtha and other light distillates, according to Fujairah Oil Industry Zone data provided exclusively to S&P Global Platts Dec. 15. The total inventory was 15.312 million barrels as of Dec. 13, down 2.9% from a week earlier ...

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The reemergence of COVID-19 in the Chinese Ningbo city, which houses state owned oil and gas major Sinopec’s flagship 27 million mt/year (540,000 b/d) Zhenhai Petrochemical refinery, will have little effect on the country’s crude throughput in December because of its rigorous efforts to contain infections, refining sources and analysts said Dec. 9. China has ...

The official selling prices for Abu Dhabi National Oil Co’s January-loading crude were largely in line with market expectations, as it closely followed the spread between IFAD Murban futures and benchmark Platts Dubai over November, traders told S&P Global Platts Dec. 7. January OSP for medium, sour Upper Zakum crude was set at a discount ...