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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 ...