Venezuelan crude

HSFO Market Traded At Steady Discounts

Credit: shaah-shahidh-unsplash

The spot 180-cst high sulphur fuel oil (HSFO) market traded at steady discounts on Wednesday, while stable supply arrivals weighed on the broader fuel oil market, says an article published on Brecorder.

Stable premiums

Trafigura bought a 20,000-tonne cargo of 180-cst HSFO from PetroChina at a discount of $3 a tonne to Singapore quotes, and another 20,000-tonne cargo from Total at a discount of $2.50 to Singapore quotes.

Meanwhile, the 0.5% very low sulphur fuel oil...

https://mfame.guru/hsfo-market-traded-at-steady-discounts/

Cuba Imports Venezuelan Crude Delivered by Renamed Vessels

  • Stopping the flow of Venezuelan oil to its ally Cuba might prove harder than the U.S. expected and U.S. continues to target shipments between the two countries. 
  • Ocean Elegance, S-Trotter and Nedas are some of the ships which have changed their names or travelled incognito.
  • The U.S. continues to target shipments between the two countries and aims to close loopholes in sanctions, with the idea of cutting off funds.
  • Cuba imports Venezuelan crude for its refineries and fuel oil to run its power...

http://mfame.guru/cuba-imports-venezuelan-crude-delivered-by-renamed-vessels/