Fuel oil inventories dip in ARA
04.27.2009 - NEWS
Fuel oil inventories in the Amsterdam-Rotterdam-Antwerp (ARA) region have fallen week-on-week.

According to figures released by Dutch oil analyst Pieter Kulsen on Thursday, 680,000 metric tonnes (mt) of fuel oil was in storage last week.

That was down from 749,000 mt the week before but slightly up on the 667,000 mt in storage at this time last year.

Kulsen said stocks had been replenished by cargoes from Brazil, the Caribbean, France, Russia and the United Kingdom.

Meanwhile, bunker players in the region said local refiners might be about to increase their output of asphalt, at the expense of fuel oil.

“Most bitumen contracts start in May,” said a bunker supplier quoted by the energy news provider Platts.

Sources said as much as 40% of fuel oil production could be switched to asphalt as warmer weather encouraged road maintenance and building programmes.

Platts quoted an Antwerp bunker supplier as saying that ExxonMobil refinery in the Belgian port had already begun to increase its asphalt runs.

TotalEnergies Deploys Methane Detection Equipment On All Upstream Assets
11.14.2024 - NEWS
November 14, 2024 [Tank Storage]- As part of its ambition to aim for near-zero methane emissions ... Read More
HydrogenPro, JHK Seal European Green Hydrogen Partnership
11.14.2024 - NEWS
November 14, 2024 [Renewables Now]- Norwegian electrolyser maker HydrogenPro AS and industrial pl... Read More
Korea Starts Operation of Gas, Oil Storage Facility in Ulsan
11.14.2024 - NEWS
November 14, 2024 [The Korea Times]- Korea has kicked off a new energy storage facility in the so... Read More
Sembcorp, PLN EPI Sign Agreement for Hydrogen Pipeline Between Indonesia and Singapore
11.14.2024 - NEWS
November 14, 2024 [S&P Global]- The agreement, signed at the ongoing UN Climate Change Confer... Read More