Refiners

Can China Be Self-sustainable in the 2020 LSFO Market?

  • China could become self-sustainable in the LSFO market during 2020, producing 18.1 million metric tonnes (mt) of low sulphur bunker fuel this year.
  • China will be able to produce 22.6 million mt of the IMO-compliant fuel by 2021, increasing output to 29.6 million mt by 2022.
  • IMO 2020 and the COVID-19 economic impact forced many state-run refineries to produce LSFO to serve domestic and international demand. 
  • China’s marine fuel futures contract to attract strong interest.
  • China’s policy on...

https://mfame.guru/can-china-be-self-sustainable-in-the-2020-lsfo-market/

Will 2020 Shipping Rules Boost Asian Refiners?

  • Asian refiners are languishing at the lowest seasonal level in more than a decade.
  • Diesel demand due to 2020 regulation is forecast to boost Asian refiners.
  • An increase by $3.50 to $4 a barrel is expected in 2020 for complex plants in Asia.
  • Hydrocracking margins for Asian refiners averaged $3.57 a barrel last month, the lowest level since June.
  • Profits from turning Dubai crude into diesel averaged $16.70 in October, near the highest since early 2014.

A surge in diesel demand next year...

http://mfame.guru/will-2020-shipping-rules-boost-asian-refiners/

Japan To Maintain HSFO and 0.5% Sulphur Fuel Supply

  • IMO-compliant bunker fuel are available at Japan’s 14 refineries.
  • Around 100,000 b/d low sulfur bunker fuel demand expected
  • HSFO supplies to be maintained to serve owners/operators installing scrubbers on their ships, as Japan will support the use of open-loop scrubbers aboard ships. 

Japanese refineries are ready to supply 0.5% sulfur bunker fuels, well ahead of the International Maritime Organization’s global sulfur mandate for marine fuels, reports Platts.

Sulphur regulation

The IMO will cap...

http://mfame.guru/japan-to-maintain-hsfo-and-0-5-sulphur-fuel-supply/

All Eyes on ‘The Big Four’ of Asia As Asian Refiners Prepare for IMO 2020

Ahead of the S&P Global Platts Asia Pacific Petroleum Conference (APPEC 2019), Insight presents a series of articles exploring aspects of the global trade in crude oil and refined products, says an article published on the website.

The article chronicles how the challenges and opportunities faced by the Asian refiners ahead of the International Maritime Organization’s switch to a lower sulfur fuel standard are being analyzed by Kang Wu and JY Lim of S&P Global Platts Analytics

Disposing HSFO...

http://mfame.guru/all-eyes-on-the-big-four-of-asia-as-asian-refiners-prepare-for-imo-2020/

What Will Happen When IMO2020 Hits?

It’s all over but the shouting. That’s how John Kingston describes the oil market in his article published in the Freight Waves. 

It’s a perfect description of where the oil market stands – and by extension, the trucking and rail markets – as we await the introduction of IMO 2020 over the next few months.

Lot of Brain Power Analysing the Issue

We say “it’s all over but the shouting” because the market is at the point where the conferences have been held, various research agencies have produced...

http://mfame.guru/what-will-happen-when-imo2020-hits/

Galp’s IMO Refining Margins To Expand

  • Galp expects its refining margins to improve in the second half of this year with increased demand for marine fuels supporting crack spreads for middle distillates.
  • Firm cut estimate for average refining margins in 2019 to $4/bl from $5-6/bl previously after a difficult Q2.
  • Galp cut crude runs at its 330,000 b/d of refining capacity to minimise the impact of historically weak crack spreads for gasoline over the period. 
  • Processed 252,000 b/d of crude in Q2, down by 13pc year on year, and...

http://mfame.guru/galps-imo-refining-margins-to-expand/

IMO 2020 Shaking Up How Shipping and the Oil Sector Works?

  • IMO is meeting for its only MEPC session this year ahead of 2020 sulphur regulations which will be affecting shippers and refiners.
  • The oncoming regulations will reduce air pollution and prevent 570,000 deaths within 5 years of implementation.
  • While ports like Singapore, Fujairah and Rotterdam are all equipped with compliant fuels, the same can’t be said about smaller ports.
  • BP and Royal Dutch Shell have already reported low oil production which has further strengthened the case of fuel...

http://mfame.guru/imo-2020-shaking-up-how-shipping-and-the-oil-sector-works/

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