UAE air traffic recovery begins after storm disruptions

  • Spanish Market: Oil products
  • 18/04/24

Air traffic at Dubai International (DXB) has begun to recover after an unprecedented storm hit the country on 16 April, although flight delays are expected to continue.

"DXB resumed inbound flights of international airlines operating out of terminal 1", a spokesperson for DXB operator Dubai Airports said on 18 April. But it urged travellers not to come to the terminal for outbound flights before confirming their flight status, as it said the access to the terminal is "strictly limited" to guests with confirmed departures.

Prolonged flight disruptions at DXB, which was ranked the second-busiest airport in the world in 2023, according to the Airports Council International's preliminary ranking, could affect regional jet fuel demand.

Dubai low-cost carrier flydubai said it has now resumed partial operations from DXB, having previously cancelled all of its flights scheduled to depart from Dubai on 16 April evening until 10am on 17 April. Select outbound flights were to operate from DXB's terminal 2 with scheduled operations resuming after 8pm on 17 April, it said, while flights from terminal 3 were due to resume after midnight.

But Dubai-owned Emirates Airlines has extended the suspension on check-in for passengers departing DXB until 9am on 18 April, after having initially suspending it between 8am and midnight on 17 April. The airline said the extension was because of "continued operational challenges caused by bad weather and road conditions".

Neighbouring Abu Dhabi's Zayed international airport said it is "operating smoothly", despite issuing a warning on 17 April that some flights might be delayed.


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23/05/24

Richmond City Council proposes Chevron refinery tax

Richmond City Council proposes Chevron refinery tax

Houston, 23 May (Argus) — The Richmond City Council in California's Bay Area has paved the way for a tax on Chevron's 245,000 b/d refinery, voting unanimously at a 21 May meeting for the city's attorney to prepare a ballot initiative. The newly proposed excise tax would be based on the Richmond refinery's feedstock throughputs, according to a presentation given by Communities for a Better Environment (CBE) at the meeting. It is a "…legally defensible strategy to generate new revenue for the city," CBE attorney Kerry Guerin said. The city has previously looked to tax the refinery, with voters passing ‘Measure T' in 2008 before it was struck down in court in 2009. This led to a 15-year settlement agreement freezing any new taxes on Chevron's refinery, but the agreement expires on 30 June 2025. The city is projecting a $34mn budget shortfall for the 2024 to 2025 fiscal year and is seeking to shore up its finances with additional revenue. Ballot initiatives allow Californian citizens to bring laws to a vote without the support of the state's governor or legislature, and the tax proposal could go to voters as early as November this year, according to CBE's Guerin. "Richmond has been the refinery town for more than 100 years, but it won't be 100 years from now," Richmond Mayor Eduardo Martinez said during the meeting. Chevron reiterates risk to renewables A tax on the refinery is the "wrong approach to encourage investment in our facility and in the city that could lead to new energy solutions and reductions in emissions from the refinery," Chevron senior public affairs representative Brian Hubinger said during the meeting's public comments. Hubinger's comment echoes prior warnings from Chevron that a potential cap on California refining profit in the process of being implemented by the California Energy Commission (CEC) would make the company less willing to investment in renewable energy . "An additional punitive tax burden reduces our ability to make investments in our facility to provide the affordable, reliable and ever-cleaner energy our community depends on every day, along with the job opportunities and emission reductions that go with these investments," Chevron said in an emailed statement. The Richmond refinery tax is a "hasty proposal, brought forward by activist interests," the company said. The company last year finished converting a hydrotreating unit at its 269,000 b/d El Segundo, California, refinery to process both renewable and crude feedstocks. The facility was processing 2,000 b/d of bio feedstock to produce renewable diesel (RD) and sustainable aviation fuel (SAF) and said it expected to up production to 10,000 b/d last year. But Chevron has so far lagged its California refining peers in terms of RD volumes with Marathon's Martinez plant running at about 24,000 b/d in the first quarter — half of its nameplate capacity — and Phillips 66's Rodeo refinery producing 30,000 b/d with plans to up runs to over 50,000 b/d by the end of the second quarter . Chevron did not immediately respond to a request for current RD volumes at its California refineries. By Nathan Risser Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Günstiger Frei-Haus Diesel wirft Fragen auf


23/05/24
23/05/24

Günstiger Frei-Haus Diesel wirft Fragen auf

Hamburg, 23 May (Argus) — Im Osten und Süden Deutschlands bieten mehrere Unternehmen mindestens seit Ende 2023 Diesel zur Lieferung frei Haus teils mehrere Euro pro 100l unter den Preisen ab Lager oder Raffinerie an. Händler berichten von Umsatzeinbußen. Marktteilnehmer in den entsprechenden Regionen im Osten und Nordbayern suchen nach einer Erklärung für diese großen Preisdifferenzen. Sie berichten von Diesellieferungen frei Haus, deren Preis 4,00 €/100l bis 6,00 €/100l unter den Inlandspreisnotierungen und damit weit unter ihren Einkaufspreisen liegt. Entsprechend könnten sie preislich nicht mithalten. Händler und Großhändler haben deswegen Kunden in geschäftsrelevanten Größenordnungen verloren. Inverkehrbringer von Diesel schätzen, dass täglich etwa zwischen 600 und 1000 m³ von den Niedrigpreisanbietern umgesetzt werden. Weiter geben Marktteilnehmer an, es seien diverse Zollämter auf diese Preisdiskrepanz aufmerksam gemacht und um Überprüfung gebeten worden, ein Ergebnis stehe jedoch noch aus. Die Generalzolldirektion teilte auf Anfrage von Argus mit, zu etwaigen laufenden Ermittlungen keine Auskunft geben zu können. Die Firmen, die Diesel so günstig anbieten, sind erst seit kurzer Zeit aktiv beziehungsweise waren zuvor nicht im Mineralölmarkt tätig. Gegenüber Argus haben zwei der besagten Anbieter bestätigt, dass sie Diesel unter Inlandspreisniveau verkaufen, gaben jedoch keine Auskunft darüber, wer exakt die Ware nach Deutschland importiert und diese in Verkehr bringt, also für das Aufkommen von Energiesteuer, EBV-Beitrag, CO2-Abgabe und THG-Kosten verantwortlich ist. Es handele sich um ganz normale Trading-Geschäfte. Eines der anbietenden Unternehmen teilte mit, dass Diesel mit einem Abschlag von 4,00 bis 5,00 €/100l auf Inlandspreisbasis verkauft würde. Hierbei handele es sich jedoch um große Mengen von mindestens zehn kompletten Tankzügen in der Woche. Bei kleineren Mengen wäre der Abschlag geringer. Die Ware würde im großen Umfang von mehreren Unternehmen in Rostock oder im Raum Amsterdam-Rotterdam-Antwerpen zusammen zugekauft und dann an mehrere Lagerhäuser verteilt. Dabei hat die Firma auf Nachfrage nicht angegeben, ob es sich bei den Lagerhäusern um Tanklager handele. Lagerraum würde individuell verwendet werden. Die Auslieferung an den Kunden erfolge per eigenem Spediteur. Ein anderer Anbieter ist nach eigener Aussage nur als Zwischenhändler tätig, und das seit etwa einem Jahr. Sein Vorlieferant kaufe Handelskontingente in Polen, Tschechien und auch Deutschland zu, um diese dann in Deutschland günstig auf den Markt bringen. Die Ware würde allen deutschen Vorgaben entsprechen. Von Gabriele Zindel Senden Sie Kommentare und fordern Sie weitere Informationen an feedback@argusmedia.com Copyright © 2024. Argus Media group . Alle Rechte vorbehalten.

India's RIL seeks use of state-run jet fuel pipelines


23/05/24
23/05/24

India's RIL seeks use of state-run jet fuel pipelines

Mumbai, 23 May (Argus) — Indian private-sector refiner Reliance Industries (RIL) is seeking access to pipelines and storage facilities built by state-controlled firms to supply jet fuel from their refineries and depots to airports. India's Petroleum and Natural Gas Regulatory Board (PNGRB) had invited comments on the development of pipelines to distribute jet fuel to existing and planned airports, to encourage competition and reduce fuel costs. Fuel costs account for 30-40pc of Indian airlines' expenses. RIL suggested that for the common carrier pipeline scope should encompass the associated storage facilities and pumping stations at the "off-site" terminal facilities. The state-controlled refiners in their feedback to the PNGRB said they were open to declaring and developing new pipelines as common carriers. They also claimed that existing jet fuel pipelines are not monopolies as they compete with other modes of transport like roads. But state-controlled refiner IOC in its submission noted that "captive/self-use ATF pipeline being operated were designed with infrastructure of IOCL at both ends and are out of purview of [the] PNGRB Act and its congruent regulations." Hindustan Petroleum suggested that the existing jet fuel pipeline from its 190,000 b/d Mumbai refinery should not be declared as a common carrier pipeline as it will affect refinery production or transport. Bharat Petroleum suggested that all major airports be connected through at least one pipeline. For pipelines operating at more than 70pc capacity, it said the PNGRB should invite bids for a new pipeline to ensure redundancy and offset the risk of dependency on a single pipeline. India's production of jet fuel for the 2023-24 fiscal year ending 31 March rose by 14pc from a year earlier to 369,000 b/d, while demand rose by 11pc to 178,045 b/d, according to oil ministry data. RIL produces around a quarter of India's jet fuel at its 1.24mn b/d Jamnagar refinery complex and exports a large part of it. By Roshni Devi Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Somo issues first gasoil export tender: Correction


23/05/24
23/05/24

Somo issues first gasoil export tender: Correction

Corrects sulphur content in paragraph 2 Dubai, 23 May (Argus) — Iraq's state-owned Somo issued its first gasoil export tender, likely because additional volumes are coming from its new 140,000 b/d Karbala refinery. Somo is offering 82,000t (612,000 bl) of gasoil with a maximum sulphur content of 0.9pc over a three-month period from the date of signing the deal, with an option to extend the agreement upon Somo's approval. Somo indicates gasoil is to load from North Company refineries. The bids are to be submitted by 26 May. This is the very first gasoil export tender issued by Somo as Iraq has historically been heavily dependent on gasoil imports to satisfy its domestic demand. Market participants suggest Iraq can now afford to export gasoil because it has ramped up its new 140,000 b/d Karbala refinery south of Baghdad. Karbala refinery began commercial operations in April last year and primarily supplies oil products to domestic market, but in doing so it creates gasoil surplus in the northern part of the country. Iraq has also recently reopened its 150,000 b/d North refinery — part of Iraq's largest downstream facility the 290,000 b/d Baiji complex. The refinery was running at around 70,000 b/d in March, according to market sources. Additional production potentially caused Iraq to stop importing gasoil this year. Iraq's gasoil imports dropped to zero in February and March, show the latest data from Joint Organisations Data Initiative (Jodi). This is compared with around 24,500 b/d gasoil imports in 2023. By Ieva Paldaviciute Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Mexico crude exports up after Tula refinery outage


22/05/24
22/05/24

Mexico crude exports up after Tula refinery outage

Mexico City, 22 May (Argus) — Mexican crude exports have bounced back in May after a power outage hit state-owned Pemex's 315,000 b/d Tula refinery last week, likely freeing more crude for the export market. Crude exports rose to about 838,000 b/d so far in May, up by 18pc from full-month April but still 22pc lower compared with all of May 2023, according to trade analytics firm Kpler data. The month-over-month hike was likely supported by a power outage at the Tula refinery on 13 May, which affected up to 20 processing plants, according to market sources. It remains unclear if the refinery has resumed operations, but sources said the restart could take about two weeks. The Tula refinery, which supplies refined products to Mexico City's metropolitan area, processed 246,500 b/d of crude in March, of which 182,000 b/d, or 74pc, was medium or light sour crude, according to the latest Pemex data. Medium and light sour crude exports rose by 13pc to 336,000 b/d so far in May from the previous month, Kpler data show. Additionally, fires at the Salina Cruz and Minatitlan refineries in late April could have also added to the uptick of crude exports. Mexico this year trimmed crude exports to feed its domestic refineries as President Andres Manuel Lopez Obrador seeks to cut fuel imports in his final year in office, in line with his campaign promise to make Mexico more energy independent. Pemex's six domestic refineries processed over 1mn b/d in March for the first time in almost eight years, driven by billion-dollar investments in maintenance since 2019 and the cut in crude exports. The start-up of the new 340,000 b/d Olmeca refinery could further reduce crude exports, but the refinery still faces multiple delays . By Antonio Gozain Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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