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Heavy fuel oil. Heavy fuel oil (HFO) is a category of fuel oils of a tar -like consistency. Also known as bunker fuel, or residual fuel oil, HFO is the result or remnant from the distillation and cracking process of petroleum. For this reason, HFO is contaminated with several different compounds including aromatics, sulfur, and nitrogen, making ...
The Australian Customs and the Australian Tax Office defines a bunker fuel as the fuel that powers the engine of a ship or aircraft. Bunker A is No. 4 fuel oil, bunker B is No. 5, and bunker C is No. 6. Since No. 6 is the most common, "bunker fuel" is often used as a synonym for No. 6.
Bunkering operations take place at seaports and include the storage and provision of the bunker (ship fuels) to vessels. [3] The Port of Singapore is currently the largest bunkering port in the world. [4] In 2023, Singapore recorded bunker fuel [5] sales volume totaling 51,824,000 tonnes, setting a new industry standard.
Fuel price risk management, a specialization of both financial risk management and oil price analysis and similar to conventional risk management practice, is a continual cyclic process that includes risk assessment, risk decision making and the implementation of risk controls. It focuses primarily on when and how an organization can best hedge ...
They said blending such oil into bunker fuels was on the rise as tightening regulations due to come in next year have pushed up benchmark bunker fuel prices to their highest seasonal level in ...
Venezuela used to have the cheapest gasoline in the world for decades, however on 19 February 2016 president Nicolás Maduro used decree powers to raise fuel prices by 6000%. This was the first rise in petrol prices in 20 years and he also set in place a sharp devaluation of the currency which he said aimed to shore up the country's failing ...
The USTC Group is represented by more than 140 own offices in 40 countries and has more than 4,000 employees (2022). The largest company in the group is Bunker Holding, the world's leading company in bunker trading and the parent company of several autonomous bunker fuel companies around the world. Other USTC companies are SDK FREJA, Uni ...
Despite this measure, the increase is still high. The price of gasoline is now 206.4 cent per liter, diesel at Texaco 157.5 cents and Valero 166.0 cent. Kerosene costs 158.2 cent per liter. OK, so 1 liter = .264 gallons, so a gallon of gas or diesel on Aruba is about $6.65 to $8.00!