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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. "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. Senior Executive – Shares Department CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. 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. A subscription to Ship & Bunker starts for as little as $49 per month. Oil Prices Date WTI Brent; M Dec 21: 47.74 1.36: 50.91 1.35: F … For the past 44 years, Pakistan State Oil has been fuelling the needs of the nation. 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. 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. © 2020 All Rights Reserved by Pakistan State Oil, © 2020 All Rights Reserved by Pakistan State Oil, Lubricants Distribution Sales & Agency Trade. 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 … There is also strong demand for HSFO in Pakistan, Bangladesh and Saudi Arabia, where it is used in power generation. Check the latest fuel prices HSD, LDO, SKO, HSFO with quality. Commodity player denies involvement following civil lawsuit lodged in Brazil. 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). Tel. And, if the price of unwanted HSFO gets low enough, Russia has the capability to burn it for power generation instead of gas. 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. Email: [email protected], Last Updated on: December 24, 2020 Powered By Convex Interactive, Disclaimer | The tender closed Nov. 27. Singapore: HSFO Sales Rally on Scrubber-related Demand. Copyright | WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne. If the address matches an existing account you will receive an email with instructions to reset your password Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Email: [email protected], Ms. Parveen Hatim Ali UAN: 021-111 111 PSO (776) For May 2020 too, it had slashed CNG prices by 12.5/liter in these areas. The crude was almost 40 percent cheaper and HSFO was 50 percent cheaper. 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. 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 … "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. The new price will be now Rs64.5/liter. The price of HSFO was almost $391 per ton. 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. For the past 44 years, Pakistan State Oil has been fuelling the needs of the nation. Hascol In The News; Press Advertisement; Videos Gallery; Corporate Events; compliance certificate; Election of Directors. For industrial fuels, we firmly follow the pre-set PSI (Pakistan Standards Institute) standards. 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). Byco Petroleum Pakistan Ltd has become the first company in Pakistan to export High Sulfur Furnace Oil (HSFO). 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. 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. As prices of LSFO are typically lower than MGO, shipowners will first look for LSFO supply, market sources said. It is used in furnaces, boilers, kilns and for power generation. In favour of a move into renewables market. In 2QFY20 Pakistani consumption of petroleum products fell due to the slowing economy. 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. The company previously canceled a tender seeking 260,000 mt of 180 CST HSFO for H1 December delivery. : +92 21 111-111-776 And have released the latest version of their Top 10 Bunker Companies report updated for 2021. SGS; Gallery. On that basis, it seems likely that there will be some teething problems in 2020, Einemo said. Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne. Pakistan Business Council; Karachi Chamber of Commerce & Industry; German Pakistan Chamber of Commerce & Industry; Overseas Investors Chamber of Commerce & Industry; Certifications. Dec 15, 2020 at 08:46 | Irina Slav. The company is offering lowest rates for imported HSFO (high sulphur furnace oil) at Karachi Port and the … Prices of High Sulfur Furnace Oil (HSFO) fell sharply in international markets while the commodity’s demand also remained low in Pakistan. 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. 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. we are bitumen producer and exporter able to offer the best bitumen price from turkey, iraq, bahrain, kazakhstan, azerbaijan, malaysia, taiwan and italy. 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. The US imported 53.98 million barrels of HSFO from November 2019 through June 2020, Kpler data showed. A subscription to Ship & Bunker gives you access to all of our Premium Content including full Privacy Policy. Sag International is Distributors/ Suppliers diesel, petrol, lubricant in Lahore & Pakistan. 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. 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. 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 … May 2020 too, it seems likely that there will be some teething problems in,. 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