LSSR

Is Algeria Posing A Competition For Singapore Amidst Rise in LSSR Prices?

  • Algeria’s LSFO finds increased demand as part of the 0.5% marine fuel blending pool.
  • Crude factors have gone from $7.40/b premium on January 2 and a discount of $1.40/b on January 22, 2019.
  • Approximately 400,000 mt/month of LSSR is exported from the 335,000 b/d refinery complex at Skikda, Algeria.

According to an article published in Platts, Algerian low sulfur straight-run fuel oil has found increased demand as part of the 0.5% marine fuel blending pool.

A suitable fuel for blending

The product...

http://mfame.guru/is-algeria-posing-a-competition-for-singapore-amidst-rise-in-lssr-prices/

European Fuel Oil Market Strengthens Ahead of IMO 2020

  • For Q3 reports, the high sulfur fuel oil market was relatively strong overcoming slack buying demand from Asia.
  • Singapore focused on running down existing HSFO inventories in preparation for the IMO’s 0.5% sulfur cap starting in 2020 lead to a surge in European stocks.
  • LSFO demand ballooned towards the end of the second quarter pushing up the Northwest European fuel oil hilo between 1% FOB NWE cargoes and 3.5% FOB Rotterdam barges.
  • Scandinavian refiners allocate 1% spot cargoes to the 0.5%...

http://mfame.guru/european-fuel-oil-market-strengthens-ahead-of-imo-2020/