Imo 2020 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

1 Min Read April 21 (Reuters) - The Limetree Bay refinery in St. Croix, U.S. Virgin Islands, has resumed producing fuel following an entire plant shutdown earlier this month, two sources familiar with the matter said on Wednesday. Shipping data reviewed by Reuters indicates that the refinery is producing vacuum gas oil and ultra-low-sulfur diesel. The plant halted operations earlier this month due to an undisclosed operational issue. (Reporting by Laura Sanicola; Editing by Leslie Adler)

* Offshore Singapore stocks hit record low -analyst * Supply tightness could be theme for fuel oil market in 2021 -analyst SINGAPORE, Feb 11 (Reuters) - Supported by shrinking supplies and firm demand, Asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) rose to a one-year high this week, setting the stage for a trend that could persist throughout the year, traders and analysts said. “Tightness in the fuel oil complex will remain a common theme through 2021, especially as the tightness in crude ensures that any uptick in margins will be transferred straight to crude pro...

4 Min Read NEW YORK (Reuters) - BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, according to people familiar with the matter. FILE PHOTO: The installations of the Hovensa petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017. Picture taken June 28, 2017. REUTERS/Alvin Baez/File Photo Last month, BP threatened to walk away from a 2018 agreement to supply up to 200,000 barrels per day (bpd) of crude oil and buy the resulting fuels if the Lime...

BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, according to people familiar with the matter.

(Repeats story published on Wednesday with no changes) SINGAPORE, Jan 20 (Reuters) - Top Asian oil and gas producer PetroChina has swapped the portfolios of two top trading executives in a management reshuffle, sources with direct knowledge of the matter said on Wednesday. The personnel changes, aimed at keeping managers fresh with new challenges, are not likely to alter in a significant way the business strategy of PetroChina’s flagship trading vehicle China National United Oil Corp, or Chinaoil, which has reaped record profits in 2020, the sources said. Zhao Yong, previously president of ...