Singapore bunker sales in July sustain falls

Market: Oil products
26/08/19

Singapore marine fuels sales in July totalled 3.88mn t, down by 42,000t from June and 158,000t from July last year, provisional data from Singapore's Maritime and Port Authority (MPA) show.

This is the seventh consecutive month of falling bunker sales at the port against a year earlier. Bunker sales are now down by 1.8mn t or 6.12pc during January-July compared with the same period last year.

Argus reported an average of 21 bunker deals each day in July, up slightly from 20 in June.

Consumption of 380cst high-sulphur fuel oil (HSFO) remained stable at 2.78mn t in July from June. Sales of the higher viscosity 500cst HSFO fell to 689,000t in July from 717,000t the previous month.

Demand for low-sulphur marine gasoil fell to 217,000t in July from 231,000t in June.

Singapore's delivered 380cst HSFO prices averaged $450/t in July, up from $385/t in June, data collected by Argus showed.

An estimated 3,348 vessels called at Singapore to refuel in July, up from 3,284 vessels during the previous month, according to the MPA.

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Power outage hits Spanish refineries: Update

28/04/25

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28/04/25

Power outage hits Spanish refineries: Update

Adds new details throughout London, 28 April (Argus) — A massive power cut across the Iberian peninsula has disrupted operations at several refineries and chemical plants in Spain today. All five of Repsol's refineries have been forced to shut, a union representative for the company's workers said. This includes the 220,000 Bilbao refinery which is operated by Repsol's Petronor subsidiary. Crews are in place, securing units at the refineries. "There is sufficient autonomy in all of them to guarantee the safety of the facilities," the union representative said. Repsol has yet to respond to a request for comment. Fellow Spanish refiner Moeve said it has also halted activity at its refining and chemical plants in the country and is using back-up power generators "to guarantee the safety and control of the system". Moeve operates the 244,000 b/d Algeciras and 220,000 b/d Huelva refineries. Its 250,000 t/yr San Roque base oils plant is also shutting down. Chemicals firm Dow said all plants at its Tarragona industrial complex in Spain have been closed. The longer the power outage lasts, the longer it will take to restart integrated sites. Refineries affected by power outages normally require a 2-3 day restart period. It is unclear yet if any plants have sustained damage. Spanish transmission system operator (TSO) Red Electrica and relevant government bodies are investigating the cause of the blackout. Red Electrica said power has been restored "at substations in several areas in the north, south and west of the peninsula, and consumers in these areas are beginning to be supplied". By George Maher-Bonnett, Isabella Reimi, Alex Sands and Monicca Egoy Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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