Sunday 13 July 2014
 
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fuel oil

Egypt to import Libya oil from April

  Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister was quoted as saying on Wednesday.  

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Bapco starts talks on fuel oil exports

Bapco has started negotiations for its 2013-2014 term fuel oil exports, asking for a $3 premium above Middle East quotes while buyers are indicating their interest at discounts, industry sources said yesterday. The company has off

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Iran ships 2m fuel oil barrels to Singapore

Iran has started moving nearly two million barrels of fuel oil to Singapore in the first such shipment since June, according to an Iran-based port source and Reuters shipping data on Thursday. Asia's top marine fuel trading hu

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ME fuel oil market poised for tight summer

The Middle East fuel oil market is braced for a tightening third quarter as soaring power generation demand is set to curb Saudi Arabia's exports and Western sanctions could deprive the market of Iranian supplies, said experts. But al

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Mideast fuel oil inflows to E Asia to fall

Middle East fuel oil supplies into East Asia for August are expected to fall drastically from high levels of the past two months amid easing demand from China, traders said. So far, only 400,000-450,000 tonnes of cargoes from Saudi Arabia

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Diesel slips on swelling global stocks

Middle East diesel prices eased this week, shedding gains from the late year-end rally in 2009, as bulging global inventories continue to weigh on the market. Benchmark prices in the region were pegged at around 15 cents, down 35 cents fro

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Saudi fuel oil exports highest for Oct in 5 yrs

Saudi Arabia's fuel oil exports - at least 925,000 tonnes so far - have hit the highest level for the October month in five years, due to refinery outages and as peak summer demand tapered off. The stream of cargoes from Saudi Aramco&#

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India firm sells fuel oil to Enoc at high premium

India's Mangalore Refinery and Petrochemicals (MRPL) sold by tender 60,000 tonnes of 380-centistoke (cst) fuel oil for October loading to Emirates Oil National Company (Enoc) at a premium close to a 12-month high, traders said on Wednesday.

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Vitol buys fuel oil from Saudi Aramco

Saudi Aramco sold 80,000 tonnes of 380-cst cracked fuel oil for September 7 lifting from Jubail to Vitol at a much higher premium versus earlier deals, and offered another cargo for September 23 loading, traders have said. Vitol paid a pre

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Saudi burns more crude for power

Saudi Arabia, the world's top oil exporter, is burning more crude in domestic power plants to keep new wells pumping and produce cleaner electricity, likely eliminating demand for imported fuel this summer. The use of even more crude o

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