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Tags FUEL PRICES

Tag: FUEL PRICES

Coronavirus development determines fuel price trend

The market is assessing the stalled recovery in fuel demand as countries continue to battle the coronavirus pandemic with rolling Covid-19 lockdowns. This has created...

Covid and trade war fears drop oil and fuel prices

Oil prices have been dropped down for a week, while the slowing economic activity around the world, restricted mobility, and fears of the second...

BIMCO’s survey shows IMO2020 compliance difficulties

The answers and comments provided by respondents at the BIMCO's Fuel Oil Quality and Safety Survey suggest that the transition to IMO2020 compliant fuel...

Narrow HFO/VLSFO spread stalls scrubber installations

Global fuel demand is showing some signs of improving although the market outlook is still quite bearish as a result of the coronavirus outbreak. The...

Fuel markets show recovery signs amid fears of a second pandemic wave

Despite fears of a second wave of Covid-19, fuel markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. MABUX...

Sinopec sees increased bunker sales in China

Domestic very low sulphur fuel oil (VLSFO) production has seen growth in China leading to increased bunker sales by the leading supplier Sinopec at...

EU funds renewable fuels research project

A consortium led by the Eindhoven University of Technology (TU/e) known as IDEALFUEL will develop new, efficient and low-cost methods of producing low-sulphur heavy...

Lytton refinery shutdowns due to poor fuels demand

Caltex Australia has shutdown the Lytton refinery in Brisbane, according to Ship&Bunker. The Australian refinery will remain closed until market conditions improve. Caltex had...

VLSFO price hits record low

The cost of VLSFO bunkers in the four main bunkering hubs of Singapore, Fujairah, Rotterdam, and Houston has continued to fall, hitting a record...

MABUX bunker index – 8 April

Global fuel prices continue to fluctuate among the key regions today, as uncertainty caused by the Coronavirus has made the market difficult to predict. Although...
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