Fuel News

Singapore’s Bunker Sales Grow For Second-Consecutive Month

Credit: Korie Jenkins Unsplash

According to preliminary figures from the Maritime and Port Authority of Singapore, Singapore’s total bunker sales reached their highest levels this year, says an article published on Engine.

Average stem size

A total of 3,299 vessels arrived for bunker calls in November, which was lower than 3,431 vessels in October. But the average stem size was about 86 mt larger than in October, at 1,324 mt.

Total VLSFO sales

VLSFO sales increased by 6% in November. But total VLSFO...

https://mfame.guru/singapores-bunker-sales-grow-for-second-consecutive-month/

Long-term Imports Of GCC Crude Oil By China Will Continue

Credit: Zbynek Burival/Unsplash
  • Energy cooperation is first priority
  • Beijing also extended support to regional nuclear ambitions
  • Saudi Arabia is China’s top oil supplier

A recent news article published in the Platts states that China opens door to trade crude oil and natural gas in Yuan.

The world’s largest buyer of crude

China, the world’s largest buyer of crude, has opened the door to trading crude oil and natural gas in its local currency, rather than the US dollar, although it’s not clear a...

https://mfame.guru/long-term-imports-of-gcc-crude-oil-by-china-will-continue/

BP Doubles Down On Hydrogen As Fuel Of The Future

Credits: Viktor Kiryanov/ Unsplash
  • BP has overhauled its structure to create a dedicated hydrogen division led by Felipe Arbelaez which includes 150 staff.
  • BP’s project at its Whiting refinery will initially replace around 200,000 tonnes of grey hydrogen used by the refinery every year with blue hydrogen.
  • BP acquired in June a 40.5% stake in a 26 gigawatt renewables project in Australia that could produce green hydrogen.

BP chief executive Bernard Looney is betting on hydrogen to power future...

https://mfame.guru/bp-doubles-down-on-hydrogen-as-fuel-of-the-future/

MAN 49/60DF Designed With Future Retrofits In Mind

Unsplash

The new MAN 49/60DF is available as an in-line engine with 6, 7, 8, 9 or 10 cylinders or as a V-type engine with 12 or 14 cylinders. Its output ranges from 7,800 to 18,200 kW.

Main engine

It is available as a main engine for mechanical or electrical propulsion. Its high configuration flexibility makes it ideal for numerous applications such as cruise ships, RoPax, RoRos, dredgers and LNG carriers. The MAN 49/60DF is based on a new 49/60 engine platform designed for a variety of...

https://mfame.guru/man-49-60df-designed-with-future-retrofits-in-mind/

Russian Oil Price Cap Cause Tanker Bottleneck

credit: Venti views_unsplash

New Turkish insurance rules on oil tankers carrying Russian crude continue to slow down the movement of tankers off the coast of Turkey and between Russia’s Black Sea ports and the Mediterranean, says an article published on Cncb.

Insurance clearance

Sixteen vessels (none Russian-flagged) are waiting for insurance clearance, according to MarineTraffic, and that number is expected to grow.

Russian-flagged tankers

Based on MarineTraffic data, 35 vessels including nine...

https://mfame.guru/russian-oil-price-cap-cause-tanker-bottleneck/

Asia ‘Could’ Absorb Half the Russian Crude Displaced After EU Sanctions

Credits: Zbynek Burival/Unsplash
  • About half of displaced Russian crude may flow to Asia: S&P Global
  • $60/b EU price cap may see limited immediate impact on flows to Asia
  • Platts assessed Urals FOB Primorsk at $55.79/b Dec. 1

Asia may be able to incrementally absorb only half the Russian crude volumes displaced as a result of the European Union sanctions taking effect, and the price cap of $60/b may not be able to create immediate hurdles for oil flows from the non-OPEC supplier, analysts and...

https://mfame.guru/asia-could-absorb-half-the-russian-crude-displaced-after-eu-sanctions/

Light Distillates Account For 10.4% Of The Drop In Oil Product Stocks

  • Inventories at one-month low but 41% higher than end-2021
  • Light distillates plunge 15.6% to lowest since July 11
  • Lackluster LSFO demand at Fujairah depresses prices

Oil product stocks drop 10.4% led by light distillates plunge, states a Platts news source.

Oil product stockpiles at the UAE’s Port of Fujairah

Oil product stockpiles at the UAE’s Port of Fujairah fell 10.4% in the week ended Nov. 28, led by a plunge in light distillates stocks, according to Fujairah Oil Industry Zone data...

https://mfame.guru/light-distillates-account-for-10-4-of-the-drop-in-oil-product-stocks/

Russian Oil at Risk of Not Finding Buyers With Sanctions Kicking In

Credits: Karollyne Hubert/Unsplash

The EU is set to impose sanctions on Russia’s seaborne crude oil imports on Monday, while experts voice supply concerns as 1.1 million barrels per day (bpd) of Russian oil is expected to go unsold, reports AA.

Russia-Ukraine conflict

To restrain Russia’s economy due to its conflict with Ukraine, the EU decided on June 3 to suspend purchases of Russian crude oil beginning Dec. 5, despite its heavy reliance on Russian hydrocarbon products. The EU will also stop...

https://mfame.guru/russian-oil-at-risk-of-not-finding-buyers-with-sanctions-kicking-in/

Valeura Energy Inc. Announces Wassana Oil Storage Vessel

Valeura Energy Inc. (TSX:VLE) (“Valeura” or the “Company”), the upstream oil and gas company with assets offshore Gulf of Thailand and the Thrace Basin of Turkey is pleased to announce that it has entered into a definitive agreement with PT Samudra Alam Transport, a subsidiary of PT Buana Lintas Lautan Tbk, to charter a crude oil tanker to store oil produced from the Wassana oil field, offshore Gulf of Thailand, as previously announced on November 11, 2022. The vessel is expected to be renamed...

https://mfame.guru/valeura-energy-inc-announces-wassana-oil-storage-vessel/

CSSC Starts Project For Green Fueled Engines

Credits: Maksym Kaharlytskyi/ Unsplash
  • The project was launched by Tian Yulong, member of the Chinese Communist Party (CCP) and Chief Engineer of the Ministry of Industry and Information Technology.
  • He highlighted all units of CSSC to “conscientiously implement” the spirit of the 20th National Congress of the Communist Party of China 
  • The General Manager of CSSC said that he would leverage on different platforms to formulate a strategic implementation plan.

State-owned China State Shipbuilding...

https://mfame.guru/cssc-starts-project-for-green-fueled-engines/

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