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Fuel oil
United States
US Refiners Turn to Middle East for Fuel Oil After Russia Import Ban
US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion …
Carbon Emissions
CO2 Plans could Drive up EU Fuel Oil Exports
EU proposals to add CO2 emissions costs and taxes to conventional marine fuel prices starting in 2023 could reduce Europe's residual fuel oil demand for bunkeri…
Energy Security
Syrian Oil Spill Spreads Into Mediterranean, May Reach Cyprus
Cypriot authorities are monitoring slick, as latest satellite imagery shows fuel oil leak from Baniyas power plant larger than anticipated
Oil & Gas Trade
Iraq to Sell Lebanon 1 mil mt/year of Heavy Fuel Oil in Barter Deal
Iraq has agreed to sell Lebanon 1 million mt/year of heavy fuel oil in return for "goods and services" in a barter deal that should help OPEC's second-biggest p…
Oil & Gas Supply
Singapore Fuel Oil Inventories Sink to Over 3-Month Low
Singapore residual fuel oil inventories fell 5% in the week ended July 7, dropping to a 3-1/2 month low despite steady net import volumes, official data showed …
Hybrid Power Plant
Malian Gold Mine Powered by 30 MW/15.4 MWh of Solar-Plus-Storage
The solar-plus-storage facility will reduce heavy fuel oil consumption by 13.1 million liters per year.
Thermal Plant
Wärtsilä Converts Taiwanese Cogen Plant to Natural Gas
Taiwanese power generation company Ta-Yuan Cogen has selected technology firm Wärtsilä to reduce its reliance on heavy fuel oil for power generation.
Combined cycle power plant
Siemens Energy’s Turbine Technology Helps Cyprus go Green
In order to shift the island of Cyprus from heavy fuel oil to natural gas, construction company Cyfield has chosen Siemens Energy to supply technology and long-…
LNG
Innovative Floating LNG Regasification Plant in Ghana gets Funding
Development set to reduce heavy fuel oil use, improve gas supply security, cut energy generation costs and significantly cut Co2 and sulphur dioxide emissions.
Oil & Gas Trade
BP-Sinopec Bunker Venture to Start Fuel Oil Deliveries to Fujairah
The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
Thermal Plant
'Azerbaijan' Thermal Power Station - Only Power Station in Country Capable of Operating on Fuel Oil
‘Azerbaijan' thermal power station is the only power station in Azerbaijan that can operate on fuel oil.
Oil & Gas Trade
Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel
The Russian Ministry of Finance issued a statement on Monday saying that as oil prices recovered, Russia set the July export tariff for crude oil and fuel oil a…
Oil & Gas Trade
China Set to Issue First-Ever Export QQuotas for VLSFO of 10 mln T for 2020
China is set to release its first-ever quotas to export very low sulphur fuel oil with total volumes of 10 million tonnes for this year.
Crude Oil
BPCL Kochi Refinery Takes Steps to Maintain Petroleum Products Supply
Although the COVID 19 outbreak hit demand for gasoline, diesel, fuel oil, asphalt, aviation turbine fuel (ATF) and other petroleum products.
Oil & Gas Trade
Total Looks To Stop Selling Fuel Oil To Power Plants
Supermajor Total wants to stop selling fuel oil—one of the most carbon-intensive refinery products—for power generation in order to reduce its carbon footpr…
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