PetroChina constructs 2.6 mil mt/year LSFO project at Guangdong Petrochemical

China’s oil giant PetroChina has started constructing a low sulfur bunker fuel oil project with 2.6 million mt/year production capacity at its upcoming Guangdong Petrochemical, a company source told S&P Global Commodity Insights April 5. The project will further push up China’s LSFO production,...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/040522-petrochina-constructs-26-mil-mtyear-lsfo-project-at-guangdong-petrochemical

USAC refiners could replace Russian crude with Bakken to loosen tight supply

US Atlantic Coast refiners could boost volumes of Bakken crude into their plants to replace Russian barrels, helping to increase crude supply and lower the price of gasoline and diesel in the region, according to speakers at a press conference the American Fuel & Petrochemical Manufacturers held...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/040422-usac-refiners-could-replace-russian-crude-with-bakken-to-loosen-tight-supply

Refloat rethink will see boxes lifted off grounded Ever Forward

Following the failure of three attempts to move the grounded containership Ever Forward using tugs and barges, the unified command in charge of the refloat operation has developed a new strategy.

This comes after salvage experts determined they would not be able to overcome the ground force of the Ever Forward in its current loaded condition. They say the new strategy offers the best chance of successfully refloating the Ever Forward from its current position in Chesapeake Bay.

CRANE BARGES

The...

https://www.marinelog.com/legal-safety/environment/salvage/refloat-rethink-will-see-boxes-lifted-off-grounded-ever-forward/

France top destination for US LNG in March amid Europe supply disruption fears

France was the top destination for US LNG cargoes in March as Europe began refilling storage after inventories bottomed out and as Russia’s war in Ukraine raised fears of pipeline gas disruptions. Spain was a close second, followed by the UK, an April 4 analysis of trade flow data by S&P Global...

https://www.spglobal.com/platts/en/market-insights/latest-news/lng/040422-france-top-destination-for-us-lng-in-march-amid-europe-supply-disruption-fears

Crude oil prices jump amid expectations of more Russian sanctions

Crude oil futures rose April 4 with the growing anticipation of new European sanctions on Russian oil barrels as evidence mounts of widespread, alleged war crimes in Ukraine. French President Emmanuel Macron called for new sanctions that target crude oil and coal — although Austria is already...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/040422-crude-oil-prices-jump-amid-expectations-of-more-russian-sanctions

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