Americas News
Ecuador Lands Fuel oil Export Deal
Wednesday December 30, 2020
Ecuador's state-owned oil firm, Petroeuador, is to supply just under 1 million barrels of heavy fuel oil to a commodities trading house.
The deal comprising 950,000 barrels of fuel oil no 6 and has been agreed with Glencore. The material will be exported to the US in five consignments, according to regional news provider bnamericas.
While heavy fuel oil with a high suflur content is no longer the go-to bunker fuel for the global shipping fleet, a sizeable portion of that fleet continues to use the grade with the addition of emissions abatement equipment.
The global standard for the sulfur content of fuel oil fell from 3.5% to 0.5% at the beginning of the year.
As well as ships, fuel oil is also used in power generation.
