And have released the latest version of their Top 10 Bunker Companies report updated for 2021. The price of HSFO was almost $391 per ton. "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. Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne. 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. In line with the gains, Saudi Aramco raised the January official selling price (OSP) for its Arab Light crude oil for Asian customers by 30 cents a barrel versus December to … Singapore: HSFO Sales Rally on Scrubber-related Demand. The company previously canceled a tender seeking 260,000 mt of 180 CST HSFO for H1 December delivery. In 2QFY20 Pakistani consumption of petroleum products fell due to the slowing economy. In Pakistan, oil refineries in hot water as low prices dent margins. 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) CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. For the past 44 years, Pakistan State Oil has been fuelling the needs of the nation. A subscription to Ship & Bunker starts for as little as $49 per month. 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 … November's figures may equal October's, sources say.. Read in Full. If the address matches an existing account you will receive an email with instructions to reset your password The US imported 53.98 million barrels of HSFO from November 2019 through June 2020, Kpler data showed. Crack spreads for other refined products narrowed which pushed margins into negative territory by the end of the period. Sag International is Distributors/ Suppliers diesel, petrol, lubricant in Lahore & Pakistan. As prices of LSFO are typically lower than MGO, shipowners will first look for LSFO supply, market sources said. "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. According to sources, the Power Division has requested the CCoE to direct the Petroleum Division make necessary arrangements for the import of 736,078MT of high sulfer furnace oil (HSFO) and … The Transportation Charges and GST @17% on transportation charges shall be charged from Customer additionally Ex-Supply Point, Ta'aluq Care Line: 0800-03000 Email: [email protected], Last Updated on: December 24, 2020 Powered By Convex Interactive, Disclaimer | The tender closed Nov. 27. It is used in furnaces, boilers, kilns and for power generation. 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. Our current fuel range for business consumers includes: Furnace Oil: Also referred to as High Sulfur Furnace Oil (HSFO) is the residual product obtained from crude oil distillation. 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. Prices of High Sulfur Furnace Oil (HSFO) fell sharply in international markets while the commodity’s demand also remained low in Pakistan. Senior Executive – Shares Department 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. Hascol In The News; Press Advertisement; Videos Gallery; Corporate Events; compliance certificate; Election of Directors. For May 2020 too, it had slashed CNG prices by 12.5/liter in these areas. Check the latest fuel prices HSD, LDO, SKO, HSFO with quality. 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). HSFO margins, meanwhile, are expected to remain supported over the next three months with consumer demand seen elevated until at least the Lunar New Year holiday in February. we are factory of bitumen & selling bitumen 115/15 & bitumen 60/70 , bitumen 80/100 in competitive price. access to bunker prices in over 200 of the world's top bunkering ports. A subscription to Ship & Bunker gives you access to all of our Premium Content including full The dollar was available during May 2020 at around Rs160, crude slipped to almost $37 while the price of HSFO fell to almost $150. Commodity player denies involvement following civil lawsuit lodged in Brazil. Email: [email protected], Ms. Parveen Hatim Ali In favour of a move into renewables market. Copyright | If you already have a subscription then please sign in to your account by clicking here. 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). 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. UAN: 021-111 111 PSO (776) Dec 15, 2020 at 08:46 | Irina Slav. 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. Oil Prices Date WTI Brent; M Dec 21: 47.74 1.36: 50.91 1.35: F … 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. : +92 21 111-111-776 Ex-Refinery Prices; Product Ex-Refinery Prices Effective Date; Motor Spirit (MS) Rs 54.48 /Ltr: Dec 16, 2020: High Speed Diesel (HSD) Rs 60.80 /Ltr: Dec 16, 2020 ISLAMABAD: The Cabinet Committee on Energy (CCoE), in its upcoming meeting, may approve the import of furnace oil to meet the country’s energy needs in the ongoing winter season. European HSFO values near 2019 prices, bucking expectations Sep 8 The spread between physical prices for 3.5%S FOB Rotterdam barges in 2019 and 2020 reached as close as $4/mt year on year on Sept. 1, assessed at $257/mt, before the spread widened again. On that basis, it seems likely that there will be some teething problems in 2020, Einemo said. Privacy Policy. 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. 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. The new price will be now Rs64.5/liter. The average price of crude was $61 in May 2019 while the US dollar was available at around Rs150. Pakistan State Oil canceled a tender seeking 195,000 mt of HSFO and 130,000 mt of LSFO for H1 January delivery, a company source confirmed on Dec. 8. The crude was almost 40 percent cheaper and HSFO was 50 percent cheaper. 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 … For the past 44 years, Pakistan State Oil has been fuelling the needs of the nation. There is also strong demand for HSFO in Pakistan, Bangladesh and Saudi Arabia, where it is used in power generation. WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne. 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. For industrial fuels, we firmly follow the pre-set PSI (Pakistan Standards Institute) standards. The cut has been made, as CNG stations in these areas are fed through RLNG. © 2020 All Rights Reserved by Pakistan State Oil, © 2020 All Rights Reserved by Pakistan State Oil, Lubricants Distribution Sales & Agency Trade. The company is offering lowest rates for imported HSFO (high sulphur furnace oil) at Karachi Port and the … Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Goldman Turns Bullish On Oil: Sees $65 Brent In 2021. 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