Oil traders see further consolidation despite margin pick-up"We've seen the large banks involved in commodities struggle... we can see some consolidation taking place," Mercuria CEO said.
Russia's Gazpromneft Marine Bunker expects to halt fuel oil use from 2025Gazpromneft Marine Bunker, the bunker fuel trading arm of Russia's Gazprom Neft, will no longer deal in fuel oil from 2025.
LSFO set to be default bunker fuel choice as IMO 2020 rule nears: Bimco execBIMCO also supports IMO's proposal for a carriage ban on non-compliant fuels.
Singapore fuel oil complex stays weak on persistent supply overhangThe 380 CST cash differential has hit a low of minus 67 cents/mt Friday, not seen since August 3, 2017, Platts data showed.
Ferry owner says scrubber intake fault may have caused sulfur breach"The scrubbers work fine," the source said. "As long as they get enough sea-water (with alkaline material) they scrub below the required 0.1% level."