A subscription to Ship & Bunker gives you access to all of our Premium Content including full Prices of High Sulfur Furnace Oil (HSFO) fell sharply in international markets while the commodity’s demand also remained low in Pakistan. One of the most highly respected and most knowledgeable professionals within our industry, says KPI OceanConnect CEO Høll, please sign in to your account by clicking here, Ship & Bunker, SeaCred Pick Top 10 Bunker Companies for 2021, Trafigura Execs Cited in Petrobras Graft Allegations, Scorpio Exits Dry Bulk, Puts Remaining Bulker Fleet Up For Sale, Fratelli Drops Chemoil Name from its Monaco Bunker Trading Unit. Email: [email protected], Last Updated on: December 24, 2020 Powered By Convex Interactive, Disclaimer | Acknowledged as the leading Public Sector Company of Pakistan, PSO has been driving the wheels of the national economy and is the first public company to pass the 1 Trillion rupee revenue mark. The cut has been made, as CNG stations in these areas are fed through RLNG. "The price spreads-low versus high sulphur crude, gasoil versus fuel oil-have to open up enough so that things get redistributed and units get used in different ways," says Joswick. As prices of LSFO are typically lower than MGO, shipowners will first look for LSFO supply, market sources said. MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO Gasoil) in the main world hubs) decreased on Dec.21: 380 HSFO – USD/MT – 339.56 (-1.90) For May 2020 too, it had slashed CNG prices by 12.5/liter in these areas. Tel. Hascol In The News; Press Advertisement; Videos Gallery; Corporate Events; compliance certificate; Election of Directors. : +92 21 111-111-776 While HSFO is not as profitable as crude, complex refineries in the USGC shift away from sour crude to HSFO if the discounts become wide enough to offset the decreased efficiency and output. Email: [email protected], Ms. Parveen Hatim Ali Shop the way you want it on TradeKey.com Furnace oil prices go up – DAWN.COM According to Pakistan State Oil, new prices range between Rs39,667 and Rs43,935 per ton. access to bunker prices in over 200 of the world's top bunkering ports. The company previously canceled a tender seeking 260,000 mt of 180 CST HSFO for H1 December delivery. IFO380 & IFO180 are Max 3.5% Sulfur Bunkers (RME, RMF, RMG, RMH, RMK, etc), VLSFO is Max 0.5% Sulfur fuel (Also known as IMO2020 grade bunkers), LS380 & LS180 are Max 1.0% Sulfur Bunkers, ULSFO is Max 0.10% Sulfur Fuel Oil for Compliance with 2015 ECA Regulations, MGO is, unless otherwise specified, a Max 1.50% Sulfur "Clear and Bright" Distillate (DMA, DMZ, etc), LSMGO is Max 0.10% Sulfur Distillate (DMA, DMZ) for Compliance with 2015 ECA Regulations. Copyright | Pakistan will require diesel fuel with 500 parts per million (ppm) sulphur starting from January 2017 from the current 5,000 ppm sulphur gasoil, the sources said this week. In favour of a move into renewables market. © 2020 All Rights Reserved by Pakistan State Oil, © 2020 All Rights Reserved by Pakistan State Oil, Lubricants Distribution Sales & Agency Trade. we are bitumen producer and exporter able to offer the best bitumen price from turkey, iraq, bahrain, kazakhstan, azerbaijan, malaysia, taiwan and italy. Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne. A subscription to Ship & Bunker starts for as little as $49 per month. CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. SGS; Gallery. Privacy Policy. The Transportation Charges and GST @17% on transportation charges shall be charged from Customer additionally Ex-Supply Point, Ta'aluq Care Line: 0800-03000 HSFO cargo supplies have been tightening as refineries cut runs to accommodate weak demand for jet fuel, which has also curtailed production of residual fuels. Singapore: HSFO Sales Rally on Scrubber-related Demand. Senior Executive – Shares Department Commodity player denies involvement following civil lawsuit lodged in Brazil. Oil Prices Date WTI Brent; M Dec 21: 47.74 1.36: 50.91 1.35: F … ISLAMABAD: The country’s domestic production of crude oil increased by around 12.8pc during the first nine months (July-March) of the fiscal year 2018-19. WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts In Pakistan, oil refineries in hot water as low prices dent margins. Singapore, HSFO was the only fuel to post a month-on-month increase in October, according to government data.There’s also been a recent uptick in demand from nations such as Pakistan … The new price will be now Rs64.5/liter. There is also strong demand for HSFO in Pakistan, Bangladesh and Saudi Arabia, where it is used in power generation. Pakistan Business Council; Karachi Chamber of Commerce & Industry; German Pakistan Chamber of Commerce & Industry; Overseas Investors Chamber of Commerce & Industry; Certifications. According to the official data, the domestic production of crude oil remained 24.6 million barrels during the period under review as compared to 21.8 million barrels in the same period of the fiscal year (FY18). The dollar was available during May 2020 at around Rs160, crude slipped to almost $37 while the price of HSFO fell to almost $150. "These [fuels] contained more low sulfur blend components than what is used to blend HSFO and some of these were associated with a deterioration of overall fuel quality," she said. Welcome to the Official website of TOTAL PARCO Pakistan, a leading Oil Marketing Company committed to providing affordable, reliable and clean energy in accordance with the highest safety standards and environmental concerns. Fitch Solutions has revised down Pakistan’s refining output to a larger contraction of -25% in 2020, down from the -16% forecast prior, as current trends of … WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne.. Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne.. IFO380 & IFO180 are Max 3.5% Sulfur Bunkers (RME, RMF, RMG, RMH, RMK, etc). If you already have a subscription then please sign in to your account by clicking here. 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