Category Archives: Business & Finance

VLSFO supply roundup: Total to supply VLSFO on different continents in Q4

French oil group Total’s marine fuels arm, Total Marine Fuels Global Solutions, will begin supplying 0.5% sulfur content bunker fuel, or very low sulfur fuel oil, in a range of ports in September-October, a company spokesman said.

“[Total] intends to …

West African oil hits sweet spot as shipping upgrades to cleaner fuel

African states like Chad and Cameroon are shaping up to be big winners from new rules to cut sulfur emissions from ships, providing just the right type of oil to produce cleaner fuels.

Only around 1% of the world’s crude …

Fujairah data: Heavy residue stocks drop for first time in three weeks

Fujairah’s stockpiles of heavy distillates and residues declined for the first time in three weeks on signs of additional demand amid higher prices at competing ports, according to data from the Fujairah Oil Industry Zone released Wednesday.

Heavy distillate and …

OPEC daily basket price stood at US$60.66 a barrel Wednesday

VIENNA, The price of OPEC basket of fourteen crudes stood at US$60.66 a barrel on Wednesday, 21st August 2019, compared with $59.94 the previous day, according to OPEC Secretariat calculations.

The fourteen crudes, from separate OPEC member countries, includes a …