Fuel News

Zhoushan LSFO Premium Hits 3-Month High on Barge Shortage

  • Short-Term Surge in Zhoushan LSFO Likely to Fade in Q2.
  • China’s Fuel Oil Export Quotas Could Cap Zhoushan LSFO Prices.
  • LSFO Premiums Rise in Asia as Supply Dynamics Shift.

The Shanghai- vs. Zhoushan-delivered low sulfur fuel oil (LSFO) price spread against the same grade delivered in Singapore increased to $14/mt on April 7, the highest in more than three months. Tighter barging availability at Chinese ports drove the widening. The spread between these major Asian ports had turned into a $2/mt...

https://mfame.guru/zhoushan-lsfo-premium-hits-3-month-high-on-barge-shortage/

Benchmark diesel price up as pump number lags big fall in futures markets

In its new publication time Tuesday morning, the benchmark diesel price used for most fuel surcharges rose on the back of increases in diesel futures that now seem a distant memory.

The Department of Energy/Energy Information Administration price rose 4.7 cents a gallon, to $3.639. It’s the third consecutive weekly increase, and it has added 9 cents to the benchmark during that time.

An increase in diesel prices in the midst of what has been a significant collapse in oil prices may look odd. It...

https://www.freightwaves.com/news/benchmark-diesel-price-up-as-pump-number-lags-big-fall-in-futures-markets

Weekly release of benchmark diesel price shifts to Tuesday morning

The Energy Information Administration will be releasing its weekly average retail diesel price data on Tuesday mornings beginning this week, ending the practice of publishing the benchmark price on late Monday afternoon.

The change was announced on the EIA’s Gasoline and Diesel Fuel Update page. This week will mark the first time the new policy is in effect, so the price that would have been published late on Monday will instead be released around 10 a.m. on Tuesday.

EIA’s Gasoline and Diesel...

https://www.freightwaves.com/news/weekly-release-of-benchmark-diesel-price-shifts-to-tuesday-morning

Benchmark diesel price up for second straight week, futures markets rise sharply

After up-and-down movements for several weeks that netted out to lower retail diesel prices, two weeks of upward moves as well as developments in the futures market are signaling that a bottom may have been reached for now.

The average weekly retail diesel price published Monday by the Department of Energy/Energy Information Administration rose 2.5 cents a gallon to $2.592. That price is used for most fuel surcharges and is up 4.3 cents per gallon over the past two weeks. 

But it is still well...

https://www.freightwaves.com/news/benchmark-diesel-price-up-for-second-straight-week-futures-markets-rise-sharply

Germany’s ICODOS Unveils World’s First Wastewater-To-Methanol Plant For Green Shipping

The global shipping industry contributes approximately 706 million tons of CO₂ emissions annually, making up 3% of total global emissions. Most containerships, oil tankers, and bulk carriers still rely on heavy fuel oil or marine diesel, emitting significant amounts of CO₂ and other greenhouse gases.

A German start-up is now working to revolutionize the industry. ICODOS GmbH, in partnership with the Karlsruhe Institute of Technology (KIT) and Mannheim’s wastewater management company, has...

https://mfame.guru/germanys-icodos-unveils-worlds-first-wastewater-to-methanol-plant-for-green-shipping/

Benchmark diesel price up first time in 3 weeks, futures markets edge higher

For the first time in three weeks, the benchmark price used for most fuel surcharges has risen.

The weekly average retail diesel price published by the Department of Energy/Energy Information Administration rose 1.8 cents a gallon to $3.567. It comes after three weeks of declines that totaled 14.8 cents a gallon. 

The price of diesel in the futures market has been gradually climbing higher but in small increments compared to the volatility that has been a feature of markets for five years, pushed...

https://www.freightwaves.com/news/benchmark-diesel-price-up-first-time-in-3-weeks-futures-markets-edge-higher

Pilot first in US to offer B99 biodiesel for commercial fleets

B99 biodiesel is now available for refueling at select Pilot Travel Centers in a green initiative involving the company and several of its partners.

Pilot has installed the country’s first B99 fuel pump for commercial fleets, according to a news release from the Knoxville, Tennessee-based company. B99 launched at Pilot’s Travel Center in Decatur, Illinois, in recognition of National Biodiesel Day on March 18.

B99 biodiesel has lower carbon emissions and boosts fuel efficiency for long-haul...

https://www.freightwaves.com/news/pilot-first-in-us-to-offer-b99-biodiesel-for-commercial-fleets

Bunkering Fuel Sales Decline Due to Trade Uncertainty

  • Bunkering Fuel Demand Drops as Shipping Industry Faces Volatility.
  • Singapore and Fujairah Report 9% Decline in Marine Fuel Sales.
  • Geopolitical Tensions and Tariffs Weigh on Global Bunkering Market.

Bunkering fuel sales at leading international refuelling centres have slowed because of increasing geopolitical tension and the tariffs imposed by the Donald Trump administration. Reuters quoted unidentified industry sources as saying that marine fuel sales at Singapore and Fujairah, the world’s...

https://mfame.guru/bunkering-fuel-sales-decline-due-to-trade-uncertainty/

El precio diesel de referencia cae por tercera semana consecutiva

Por tercera semana consecutiva, el precio de diesel minorista promedio de referencia cayó, cayó 14.8 centavos por galón durante ese período. El último precio publicado por el Departamento de Administración de Información de Energía/Energía es de $ 3.549 por galón por menos de 3.3 centavos por galón...

https://fullavantenews.com/el-precio-diesel-de-referencia-cae-por-tercera-semana-consecutiva/?lang=es

Benchmark diesel price drops for a third straight week

For the third week in a row, the benchmark average retail diesel price fell, down 14.8 cents a gallon over that period.

The latest price published by the Department of Energy/Energy Information Administration is $3.549 a gallon, down 3.3 cents a gallon from the prior week. It’s the lowest price since a $3.503 price published on the final Monday of 2024.

The retail price of diesel is lagging the continuing fall in the futures price of ultra low sulfur diesel on the CME commodity exchange so it may...

https://www.freightwaves.com/news/benchmark-diesel-price-drops-for-a-third-straight-week

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