Marine fuel global weekly market update

A weekly Argus news digest of interest to the conventional and alternative marine fuel markets.

To speak to our team about accessing the stories below, please contact: oil-products@argusmedia.com

Alternative marine fuels

24 Mar Cosco shipping receives LNG carrier Chinese state-owned shipowner Cosco Shipping Energy Transportation (CSET) received a new LNG carrier…

24 Mar Nuclear may weigh on South Korean LNG demand South Korean LNG demand may fall this summer as firmer nuclear output could help meet stronger...

24 Mar Europe could face tighter biodiesel supply While stocks in ARA and the Mediterranean remain high and demand low for crop, waste and advanced biodiesel, the lowest prices in more than…

24 Mar REG ordered to pay SK Eco Prime for off-spec Pome The Court of Amsterdam has ordered biofuels company Renewable Energy Group (REG) to pay a fine to South Korean biodiesel producer SK Eco Prime…

23 Mar EU agrees on shipping sector GHG fuel intensity cuts The European Parliament and EU member states have today agreed that the greenhouse gas (GHG) intensity of fuels used in ships over 5,000 gross tonnage (GT) should be cut by…

23 Mar Brazil biodiesel blending hike to curb diesel imports The flow of foreign diesel into Brazil is likely to slow starting …

23 Mar US methanol spot prices slide to three-month low Methanol spot prices in the US Gulf coast sank to three-month lows this week amid …

23 Mar South Korean methanol trades below SE Asian prices Methanol prices in South Korea have slipped below southeast Asian values since the start of this year, undermined by…

23 Mar Japan's Mol to develop methanol-fuelled coastal ship Japanese shipping firm Mistui OSK Line (Mol) and its partners have placed an order to build a methanol-fuelled…

23 Mar Guangzhou Shipbuilding receives order for three PCTCs Chinese state-owned shipbuilder CSSC subsidiary Guangzhou Shipbuilding International has received an order to build three…

22 Mar Italian biodiesel imports, exports hit record in 2022 Italian imports and exports of biodiesel hit record levels in 2022, largely as a result of...

22 Mar Indonesian palm oil stocks to fall in 2023-24: USDA Increased domestic consumption with higher on-road biodiesel blending is expected to...

22 Mar China Energy plans $1.5bn H2, ammonia, methanol plant State-owned China Energy Engineering Company (CEEC) has outlined plans for a plant at Jilin in northeast China producing...

22 Mar Unchartered waters in the bunkering world: FTlive Pressure is mounting on the shipping sector to decarbonise, a tall order for an industry that relies almost entirely on heavy fuel oil…

21 Mar Acme mulls options for green ammonia offtake deals Indian solar power company Acme is expanding into green fuels and is developing projects in Oman, India, Egypt and elsewhere. Argus spoke to its president…

21 Mar European refiners may turn back to natural gas Sustained lower European natural gas prices alongside the recently implemented embargo on Russian oil products could …

21 Mar Samskip orders two H2 ships Dutch container ship firm Samskip ordered two…

21 Mar Japan's NYK hastens marine fuel transition Japanese shipping firm NYK Line is accelerating the launch of new vessels using…

20 Mar Lukoil prepares for LNG debut in west Africa Lukoil's Marine 12 offshore joint venture with Italy's Eni in…

20 Mar Portugal's biofuel blending dropped in JanuaryPortuguese biofuels blending and ticket trading dropped sharply in January, suggesting that fuels retailers were holding out for lower prices before attempting to meet the…

20 Mar Gas prices to remain stable in 2023: Eesti Gaas Gas prices have come down and will remain stable for at least the next year…

19 Mar OCI inks deal to supply S Korea's LFC with bio-ammonia Chemical firm OCI Global and South Korean producer Lotte Fine Chemical (LFC) have signed an agreement for the supply of…


Conventional marine fuels

24 Mar Middle East ups Russian product imports Russian product exports to the Middle East more than doubled on the month on a daily average basis to…

24 Mar Tuapse product exports to rise Product exports from Russia's Black Sea port of Tuapse are scheduled 30pc higher…

24 Mar Fos-Lavera cut off from oil product markets by strikes No oil product tankers of Handysize class or larger have loaded or unloaded in almost…

24 Mar India's February diesel exports fall, gasoline rises India's exports of diesel in February fell from a year earlier, likely because of a surge in domestic fuel demand to at least…

23 Mar Singapore middle distillate stocks hit 1½-year high Singapore's middle distillates stocks rose further to a fresh 1½-year high of 9.63mn bl in the week…

22 Mar French strikes have muted impact on diesel prices The industrial action that has swept across France in recent weeks has left the wider European market better supplied with diesel than…

21 Mar Singapore February bunker sales firm from year earlier Singapore's bunker sales in February totalled 3.79mn t…

21 Mar Weaker Asia-Pacific demand to cap MR freight rates Freight rates for clean Medium Range (MR) tanker vessels in the Asia-Pacific could…

20 Mar China's diesel exports hit four-month low in February China's diesel exports fell to a four-month low in February as...

20 Mar Prices for newbuild oil tankers on the rise Prices for newbuild crude and oil product tankers are beginning to rise, with demand boosted by strong…

27 Mar Australia's Ampol shuts FCC unit at Lytton refinery Australian refiner Ampol has shut a fluid catalytic cracking unit (FCC) at its Lytton refinery for…