low sulphur fuel oil price index

Supply of shipping fuels compliant with the stricter, low-sulfur, regulations are growing at a fast pace and are at adequate levels at the key hubs around the world, the International Energy Agency (IEA) said on Thursday. S&P Global Platts European fuel oil price assessments cover both the high and low sulfur spheres, divided between 3.5% and 1% maximum sulfur, cargo and barge marketplaces. Tries To Kill Nord Stream 2, Shell’s 2020 Write Downs Could Soar To $22 Billion, China Restricts Electricity Use Amid Coal Shortage, OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing, China's Top Refiner Sees Oil Product Demand Peak By 2025, Trans Mountain Oil Pipeline Halts Work After Serious Injury, Colorado Oil And Gas Lease Sale Ends With Few Takers, U.S. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. In previous months, refiners, traders, and buyers have been bracing for what was expected to be “the single largest oil market disruptor” and there were concerns that supply of low-sulfur fuels, especially very-low sulfur fuel oil (VLSFO), could not be enough. However, the price was down 47.4% on a year-to-date basis and was 44.1% lower … The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Fujairah in USD (US … How about Snowden ? The decision to implement a global sulphur limit of 0.50% m/m (mass/mass) in 2020 was taken by the International Maritime Organization (IMO), the regulatory authority for international shipping, during its … Its price averaged $201/mt in April on a delivered basis at Rotterdam, half what it was before IMO 2020, despite the main fuel one year ago containing more sulfur. However, as prices reflect supply/demand dynamics, a decline in fuel oil demand from shipping would make it more competitive, supporting a switch to fuel oil for power generation, he reasons. Is This The Start Of A New Offshore Oil & Gas Boom? Today's Gulf Coast Ultra Low Sulfur Diesel (ULSD) Swap (Platts) prices with latest Gulf Coast Ultra Low Sulfur Diesel (ULSD) Swap (Platts) charts, news and Gulf Coast Ultra Low Sulfur Diesel (ULSD) Swap (Platts) futures quotes. © Copyright 2020 Intercontinental Exchange, Inc. New York Harbor Ultra-Low Sulfur No 2 Diesel Spot Price is at a current level of 1.451, up from 1.431 the previous market day and down from 1.982 one year ago. Low-sulfur fuel oil is an important fuel for maritime transport. Surprise Crude Build Sends Oil Prices Lower. “Although there are initial local difficulties as might be expected from such a complex global change, ship operators, products suppliers and ports have so far coped well,” the Paris-based agency said in its report. It is used as the pricing … “Currently, the VLSFO-HSFO spread in Singapore is at $340 pmt, the third highest level since low-sulphur fuel became widely available. Learn how energy insiders think. 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A quarter of respondents expected the price differential between high-sulphur fuel oil and IMO-compliant low-sulphur fuel oil at 1 January 2020 to be between $250 and $324/mt.A similar proportion put the figure at between $175 and $249, while 18% estimated it at $325 and $399. Whether Europe will be better suited to attract low sulphur crude remains "one of … South Korea To Boost US Oil Imports In 2020, Number Of DUC Wells Plunges In Latest Sign Of Shale Distress, Lithuanians Urged To Stockpile Food Amid Reports Of Nuclear Power Incident, Finland Shuts Down Nuclear Reactor After ‘Severe Abnormal Disturbance’, OPEC+ Forced To Reschedule Meeting As Disagreements Persist, The North Face Fashion Brand Refuses To Serve Oil Firm, Oil Price Rally Stalls On Large Crude Build, Oil Plunges After EIA Reports Huge Crude Build, Canada's Oil Industry Will Be Indispensable For Decades To Come. WSJ: How South Korea Successfully Managed Coronavirus (9/25/20), CA is the Top US Net importer of Electricity. Fuel oil has a number of uses globally, though the largest market for the heavy, residual refined product is bunker fuel, where the material … Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database. “As the new IMO rules are introduced, cracks for compliant VLSFO made large gains and HSFO in Singapore drew some support on demand from ships fitted with scrubbers,” the IEA noted. As of market close on Oct. 31, the spread between HSFO and 0.5% sulfur fuel – known as very low sulfur fuel oil (VLSFO) – was $202/ton in Amsterdam/Rotterdam/Antwerp (ARA) and $185/ton in Singapore. The fuel oil futures contract is China's second bonded oil futures after crude oil futures contract was launched in March 2018 on the INE, a subsidiary of the Shanghai Futures Exchange (SHFE). 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