gasoil in A Sentence

Consume diesel fuel/Gasoil with a low sulfur content;

The looming change in International Maritime Organization(IMO) rules has impacted fuel and Gasoil futures.

There are still concerns about the potential impact on Gasoil availability and prices in 2020.

Shipowners can either install scrubbers, which clean the cheaper high sulphur fuel oil, or buy costlier marine Gasoil.

The global shipping industry accounted for 46 percent of heavy fuel oil and 5 percent of Gasoil used worldwide in 2012.

As a result, most ship-owners will face a skyrocketing fuel bill as they switch to more expensive but cleaner marine Gasoil.

That means Gasoil could be pulled into Europe from Southeast Asia via arbitrage trades through the end of the year.

Changes in U.S. gasoline(+3 million barrels), U.S. heating oil(-2 million barrels) and European Gasoil(+4 million barrels) were smaller and more mixed.

Vessel operators can either switch to cleaner, but more expensive, marine Gasoil or install scrubbers to filter sulphur from dirtier fuel oil.

Net long positions in Brent and Gasoil remain close to multi-year lows and increases since the start of the year have been very small.

The IEA also expects Gasoil prices to spike by more than 20 percent in 2020, which it said would cut demand for it in other sectors.

Northwest European prices for Gasoil hit a record $35-per-ton premium over Singapore values for November fuel deliveries, and December premiums are still above $20 a ton.

Northwest European prices for Gasoil hit a record $35-per-tonne premium over Singapore values for November fuel deliveries, and December premiums are still above $20 a tonne.

Despite America's advantage over Asia to supply Europe, ship tracking data in Refinitiv Eikon shows one tanker, the Diva, carrying Gasoil from Southeast Asia to Europe.

India, where fuel demand is expected to rise in coming years, has become a lucrative market after the government removed controls on retail pricing of gasoline and Gasoil.

Its technology isolates hydrocarbon particles from feedstock coal waste to produce a fine powder that can be blended into fuel oil and marine Gasoil as well as crude.

Gasoil now trades at a premium of about $250 a tonne to fuel oil, but the forward curve forecasts this will balloon to $380 per tonne by early 2020.

Gasoil now trades at a premium of about $250 a ton to fuel oil, but the forward curve forecasts this will balloon to $380 per ton by early 2020.

India, where fuel demand is expected to rise in the coming years, has turned into a lucrative market after the government removed controls on retail pricing of gasoline and Gasoil.

But the main concern focuses on how many ship owners will switch to using marine Gasoil, which is essentially the same product as road diesel, distillate fuel oil, and jet fuel.

Singapore's Maritime Port Authority(MPA) is set to announce it is making use of mass-flow-meters(MFM) mandatory onboard marine Gasoil barges used to refuel large ships, two people with knowledge of the matter said.

So far, Gasoil cracks for fuel delivered in January 2020, the first month after the sulphur cap is introduced, have risen from a recent low of $12 per barrel to almost $19.

So far, Gasoil cracks for fuel delivered in January 2020, the first month after the sulfur cap is introduced, have risen from a recent low of $12 per barrel to almost $19.

There is a lot at stake in the long term, as the entire bunker fuels(fuel oil, Gasoil, and gasoline) demand of over 5 million barrels per day would effectively cease to exist,” said JBC.

But the IEA, in its five-year outlook, said that while Gasoil consumption will rise by close to 1 million bpd, to 1.7 million bpd in 2020, it will fall back to just 773,000 bpd by 2023.

Industry sources said Pegasus Maritime, primarily a supplier of marine Gasoil, itself had not been active in the market and its expulsion would have a limited impact on the marine fuels market in Singapore, the world's largest.

The new rules mandate that in addition to Gasoil and gasoline, companies must install facilities within three years for the sale of at least one alternative fuel such as compressed natural gas, liquefied natural gas or electric charging.

The refiners will have to shut Gasoil- and gasoline-making units at their plants for 15 to 45 days to churn out Euro VI-compliant fuels from January 2020 to be able to sell them from April of that year.

That has created a shortage of heading into the European winter, pushing up the market and triggering a search for supplies from as far away as Southeast Asia, where there is ample fuel and Gasoil prices are low.

Even if the entire global shipping fleet were to switch to LNG from the fuel oil and Gasoil that currently power the fleet, the industry would still be short of its CO2 reduction targets by 350 million tonnes, said JBC.

Showing 1 to 30 of 34 results

gasoil in A Sentence

Consume diesel fuel/Gasoil with a low sulfur content;

The looming change in International Maritime Organization(IMO) rules has impacted fuel and Gasoil futures.

There are still concerns about the potential impact on Gasoil availability and prices in 2020.

Shipowners can either install scrubbers, which clean the cheaper high sulphur fuel oil, or buy costlier marine Gasoil.

The global shipping industry accounted for 46 percent of heavy fuel oil and 5 percent of Gasoil used worldwide in 2012.

As a result, most ship-owners will face a skyrocketing fuel bill as they switch to more expensive but cleaner marine Gasoil.

That means Gasoil could be pulled into Europe from Southeast Asia via arbitrage trades through the end of the year.

Changes in U.S. gasoline(+3 million barrels), U.S. heating oil(-2 million barrels) and European Gasoil(+4 million barrels) were smaller and more mixed.

Vessel operators can either switch to cleaner, but more expensive, marine Gasoil or install scrubbers to filter sulphur from dirtier fuel oil.

Net long positions in Brent and Gasoil remain close to multi-year lows and increases since the start of the year have been very small.

The IEA also expects Gasoil prices to spike by more than 20 percent in 2020, which it said would cut demand for it in other sectors.

Northwest European prices for Gasoil hit a record $35-per-ton premium over Singapore values for November fuel deliveries, and December premiums are still above $20 a ton.

Northwest European prices for Gasoil hit a record $35-per-tonne premium over Singapore values for November fuel deliveries, and December premiums are still above $20 a tonne.

Despite America's advantage over Asia to supply Europe, ship tracking data in Refinitiv Eikon shows one tanker, the Diva, carrying Gasoil from Southeast Asia to Europe.

India, where fuel demand is expected to rise in coming years, has become a lucrative market after the government removed controls on retail pricing of gasoline and Gasoil.

Its technology isolates hydrocarbon particles from feedstock coal waste to produce a fine powder that can be blended into fuel oil and marine Gasoil as well as crude.

Gasoil now trades at a premium of about $250 a tonne to fuel oil, but the forward curve forecasts this will balloon to $380 per tonne by early 2020.

Gasoil now trades at a premium of about $250 a ton to fuel oil, but the forward curve forecasts this will balloon to $380 per ton by early 2020.

India, where fuel demand is expected to rise in the coming years, has turned into a lucrative market after the government removed controls on retail pricing of gasoline and Gasoil.

But the main concern focuses on how many ship owners will switch to using marine Gasoil, which is essentially the same product as road diesel, distillate fuel oil, and jet fuel.

Singapore's Maritime Port Authority(MPA) is set to announce it is making use of mass-flow-meters(MFM) mandatory onboard marine Gasoil barges used to refuel large ships, two people with knowledge of the matter said.

So far, Gasoil cracks for fuel delivered in January 2020, the first month after the sulphur cap is introduced, have risen from a recent low of $12 per barrel to almost $19.

So far, Gasoil cracks for fuel delivered in January 2020, the first month after the sulfur cap is introduced, have risen from a recent low of $12 per barrel to almost $19.

There is a lot at stake in the long term, as the entire bunker fuels(fuel oil, Gasoil, and gasoline) demand of over 5 million barrels per day would effectively cease to exist,” said JBC.

But the IEA, in its five-year outlook, said that while Gasoil consumption will rise by close to 1 million bpd, to 1.7 million bpd in 2020, it will fall back to just 773,000 bpd by 2023.

Industry sources said Pegasus Maritime, primarily a supplier of marine Gasoil, itself had not been active in the market and its expulsion would have a limited impact on the marine fuels market in Singapore, the world's largest.

The new rules mandate that in addition to Gasoil and gasoline, companies must install facilities within three years for the sale of at least one alternative fuel such as compressed natural gas, liquefied natural gas or electric charging.

The refiners will have to shut Gasoil- and gasoline-making units at their plants for 15 to 45 days to churn out Euro VI-compliant fuels from January 2020 to be able to sell them from April of that year.

That has created a shortage of heading into the European winter, pushing up the market and triggering a search for supplies from as far away as Southeast Asia, where there is ample fuel and Gasoil prices are low.

Even if the entire global shipping fleet were to switch to LNG from the fuel oil and Gasoil that currently power the fleet, the industry would still be short of its CO2 reduction targets by 350 million tonnes, said JBC.

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