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Fuel Oil

OMV Petrom starts construction of sustainable fuels unit at Petrobrazi Refinery

The new sustainable aviation fuel (SAF) and renewable diesel (HVO) unit will have a production capacity of 250,000 tons of sustainable fuels per year, starting in 2028.

Baseblue launches new bunker fuel supply service in Trinidad

Baseblue has launched a new bunker fuel supply service at Point Lisas Port, Trinidad. The service will provide vessels with reliable and efficient fuel options, eliminating logistical challenges and enhancing operational efficiency. 

India's January fuel demand drops to 3-month low

India's January fuel consumption hit its lowest monthly level since October, but was up 3.2% year-on-year at 20.49 MM tonnes, oil ministry data showed on Friday.

Ukrainian drones hit big Russian oil refinery at Ryazan

Ukrainian drones hit a Russian oil refinery in the city of Ryazan overnight, causing a fire and damaging equipment at one of Russia's biggest refineries.

Asia's fuel oil premiums more than double as Russian sanctions spark supply risks

Spot premiums of fuel oil have more than doubled in Asia ever since the U.S. imposed broader sanctions on Russian oil and tankers, clouding the supply outlook.

China's 2024 low-sulfur marine fuel exports dip 1.6% vs. 2023

China's exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year. The decline in exports emerged despite an uptick in refueling demand at key bunker ports globally, as China cut export quotas in its final batch of the year.

EIA: U.S. crude stocks fall, gasoline and distillate inventories rise

U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.

U.S. Gulf Coast fuel oil imports hit record low as Latin America deliveries slow

Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from ship tracker Kpler, as Latin American supplies dried up.

Comstock Fuels, Emerging Fuels Technology to advance SAF, other renewable fuel yields

Comstock Inc. has announced that its wholly-owned subsidiary, Comstock IP Holdings LLC, has executed a technology cooperation agreement (TCA) with Oklahoma (U.S.)-based Emerging Fuels Technology Inc. (EFT).

px Group awarded O&M contract for Atlantic Fuel Supply Company in Ireland

Following a competitive tender process, px Group, the Teesside, England-based infrastructure solutions business, has been awarded an operations and maintenance contract by Atlantic Fuel Supply Co. (AFSC) at its fuel terminal in Foynes, Ireland, due to the company’s experience and approach to safety standards.