Bunker fuel oils are tight for prompt dates with several suppliers in Rotterdam, while ships face bunkering delays from weather suspensions in Malta and Algoa Bay. Longer lead times should be considered for HSFO380 stems in Rotterdam after supply tightened last week. Prompt product is more difficult to source, especially for larger quantities. Backwardation in
The global energy crunch is putting pressure on the sugar market as the world’s top exporters convert more cane into ethanol. Sugar hit a four-year high in October as energy supply shortages roiled commodity markets from magnesium to tomatoes. Facing rampant fuel inflation, Brazil and India are set to produce more ethanol from sugar cane,
Asia’s 0.5% very low-sulphur fuel oil (VLSFO) gained on Monday as firming utilities and bunkering demand for the fuel weighed on already tightening inventories, trade sources said. VLSFO output has declined recently as refiners switched to maximising production of higher value refined fuels amid soaring gasoil and gasoline refining margins. The VLSFO cash premium, front-month
Residue hydro desulfurization is a procedure to remove sulfur, nitrogen, and other contaminant from natural gas and enhanced petroleum products including energy canvas, diesel energy, and others. As sulfur dioxide (SO2) is responsible for boosting pollution in the context, the process reduce SO2 drains from energies. These energies are majorly used in vehicles, aircraft keels,
The biofuels industry would receive a chunk of federal dollars as part of the latest draft of the Biden administration’s “Build Back Better Act” working its way through Congress The updated draft of the bill includes $1 billion in funding for the USDA to provide grants during the next 10 years to expand biofuel pump
The chemical building blocks derived from petrochemicals continue to play a crucial role in society. Syngas production contributes significantly to petrochemical CO2 emissions. The technology exists to significantly reduce syngas CO2 emissions at scale and help the industry on its road to net zero. Petrochemicals have played a crucial role in society for over 50
The coal industry was not quick enough to explain the potential of clean technologies that can give the fossil fuel a place in a sustainable energy matrix, Michelle Manook, chief executive of the World Coal Association (WCA), told Reuters on Wednesday. Coal is considered a heavy polluter and environmentalists warn using it is an obstacle
US refineries are enjoying the highest profit margins to turn crude oil into gasoline in four years for this time of the year, as demand for the fuel jumps. The Nymex gasoline crack, a rough gauge of the margin refiners can capture with a barrel of crude based on futures prices in New York, was
Qatar, the world’s top supplier of liquefied natural gas, will invest in Pakistan’s next import terminal in a bid to support one of the fastest-growing buyers of the super-chilled fuel. Qasim Terminal Holding Co., a subsidiary of Qatar Energy, has applied for clearance with Pakistan’s government to take a stake in Energas Terminal Pvt., according
Minister of Science, Technology, and Innovation, Dr. Ogbonnaya Onu has said that Nigeria is ready to domesticate Methanol fuel production in the country for professionals and expatriates to exhibit their talents and exchange business ideas with their counterparts both home and abroad. The Minister said this when the National Coordinator of the Movement for the