Global energy and commodity price reporting agency Argus Media on Wednesday (24 April) provided a marine fuels related market update:
Petrobras produced and supplied its first batch of International Maritime Organization (IMO) 2020-compliant marine fuel.
The fuel oil was produced in the 45,000 b/d Isaac Sabba refinery in Manaus, Brazil. It has 0.34pc sulphur content, viscosity of 323cst at 50°C, and density of 932.7 kg/m3 at 15°C. A batch of 618t was supplied on 21 April to a vessel chartered by Petrobras. Petrobras has not yet determined how it will price its IMO 2020-compliant fuel. It is awaiting more clarity in the market.
Other Petrobras' Brazilian refineries are testing production of IMO 2020-compliant fuel oil. The company does not plan to market high-sulphur fuel oil to vessels with scrubbers after the marine fuel regulation begins next year.
Petrobras offers residual fuel oil for bunkering with 0.8pc sulphur maximum at all Brazilian ports, with the exception of Rio de Janeiro, where it markets fuel oil with 3.5pc sulphur maximum content.
Source: Argus Media
Published: 25 April, 2019
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