โSep-04-2018 08:32 AM
โSep-06-2018 10:49 AM
โSep-06-2018 09:27 AM
Grit dog wrote:
Lotsa wrong info in this thread. Most of the worlds transoceanic diesels still run off bunker fuel which actually is .5% sulfur/5000ppm. Only around the US is it limited to 1000ppm.
And bunker fuel is still like $1 a gallon but prices are rising with oil prices. It sure ain't sweet crude though.
โSep-06-2018 09:13 AM
FishOnOne wrote:DirtyOil wrote:ShinerBock wrote:
For those that do not know, a few years ago the International Maritime Organization made a significant regulation that will have a big impact on everyone's wallet, especially diesel vehicles owners. They set a new standard for sulfur content in ship diesel fuel that they allow at their ports to .5%S by January 1, 2020.They set a new standard for sulfur content in ship diesel fuel that they allow at their ports to .5%S by January 1, 2020. That is a significant drop from the current limit. While this will have an impact on everyone's wallet because this new fuel will be more costlier than current fuel used(which will increase prices on everyday goods), it may end up hurting or helping diesel owners according to some analyst.
Many here may remember when the EPA set the ULSD standard and how it effected diesel prices due to the extra refining and purification needed, and causing "sweet" crude prices to increase even more. For years, on land diesel owners alone had to pay the added cost for all of the added refining equipment and processes since the low sulfur fuel was only for them. Diesel fuel refiners also switched to using more "sweet" crude (that was only previously used to make gasoline) due to its lower sulfur content versus less expensive "sour" crude it used before causing the demand(and price) for "sweet" crude to increase.
There are people on both sides of this argument. Some are saying it will cause both diesel and gas prices to skyrocket because it would cause the demand for "sweet" crude to increase even higher. Others are saying that it will cause on road diesel prices to go down because now shipping will also be paying for the added refining processes spreading out the cost for the added piping and other equipment needing to purify "sour" crude.
What is your take on it?
You know 0.5% is 5000ppm.... that's a lot of sulphur!! In Canada we have been producing and selling ULSD since 2010 which has a sulphur content of equal or less then 15ppm or 0.0015% except for rail and marine. But since most of our refineries are producing ULSD even the rail and marine fuels are already ULSD. Any rail or marine diesel that is not ULSD has a sulphur content of less then 500ppm or 0.05%
Dirty Oil,
I suppose the Canadian oil sands production is still stagnant?
โSep-06-2018 08:00 AM
โSep-06-2018 07:52 AM
โSep-05-2018 09:12 PM
โSep-05-2018 05:19 PM
DirtyOil wrote:ShinerBock wrote:
For those that do not know, a few years ago the International Maritime Organization made a significant regulation that will have a big impact on everyone's wallet, especially diesel vehicles owners. They set a new standard for sulfur content in ship diesel fuel that they allow at their ports to .5%S by January 1, 2020.They set a new standard for sulfur content in ship diesel fuel that they allow at their ports to .5%S by January 1, 2020. That is a significant drop from the current limit. While this will have an impact on everyone's wallet because this new fuel will be more costlier than current fuel used(which will increase prices on everyday goods), it may end up hurting or helping diesel owners according to some analyst.
Many here may remember when the EPA set the ULSD standard and how it effected diesel prices due to the extra refining and purification needed, and causing "sweet" crude prices to increase even more. For years, on land diesel owners alone had to pay the added cost for all of the added refining equipment and processes since the low sulfur fuel was only for them. Diesel fuel refiners also switched to using more "sweet" crude (that was only previously used to make gasoline) due to its lower sulfur content versus less expensive "sour" crude it used before causing the demand(and price) for "sweet" crude to increase.
There are people on both sides of this argument. Some are saying it will cause both diesel and gas prices to skyrocket because it would cause the demand for "sweet" crude to increase even higher. Others are saying that it will cause on road diesel prices to go down because now shipping will also be paying for the added refining processes spreading out the cost for the added piping and other equipment needing to purify "sour" crude.
What is your take on it?
You know 0.5% is 5000ppm.... that's a lot of sulphur!! In Canada we have been producing and selling ULSD since 2010 which has a sulphur content of equal or less then 15ppm or 0.0015% except for rail and marine. But since most of our refineries are producing ULSD even the rail and marine fuels are already ULSD. Any rail or marine diesel that is not ULSD has a sulphur content of less then 500ppm or 0.05%
โSep-05-2018 03:13 PM
โSep-05-2018 02:43 PM
โSep-04-2018 08:43 PM
ShinerBock wrote:
For those that do not know, a few years ago the International Maritime Organization made a significant regulation that will have a big impact on everyone's wallet, especially diesel vehicles owners. They set a new standard for sulfur content in ship diesel fuel that they allow at their ports to .5%S by January 1, 2020.They set a new standard for sulfur content in ship diesel fuel that they allow at their ports to .5%S by January 1, 2020. That is a significant drop from the current limit. While this will have an impact on everyone's wallet because this new fuel will be more costlier than current fuel used(which will increase prices on everyday goods), it may end up hurting or helping diesel owners according to some analyst.
Many here may remember when the EPA set the ULSD standard and how it effected diesel prices due to the extra refining and purification needed, and causing "sweet" crude prices to increase even more. For years, on land diesel owners alone had to pay the added cost for all of the added refining equipment and processes since the low sulfur fuel was only for them. Diesel fuel refiners also switched to using more "sweet" crude (that was only previously used to make gasoline) due to its lower sulfur content versus less expensive "sour" crude it used before causing the demand(and price) for "sweet" crude to increase.
There are people on both sides of this argument. Some are saying it will cause both diesel and gas prices to skyrocket because it would cause the demand for "sweet" crude to increase even higher. Others are saying that it will cause on road diesel prices to go down because now shipping will also be paying for the added refining processes spreading out the cost for the added piping and other equipment needing to purify "sour" crude.
What is your take on it?
โSep-04-2018 07:21 PM
ShinerBock wrote:FishOnOne wrote:
With the oil production output in West Texas projected to hit pipeline capacity, and some other very large recently discovered oil fields that will be coming on line, "sweet crude" supply will not be the issue.
In the oil/gas industry (which I'm very involved in) speculators (like your article) always drive prices up for the most part until the facts usually prove them wrong and prices settle.
I work very closely with the oil and gas industry was well, and I don't think west Texas can pump enough sweet crude for the added 3 million barrels per day that these ships use. I guess I will just have to link this thread into my Outlook to remind me to bring this thread back to life on 1/1/20 to see where the prices are at.
โSep-04-2018 06:10 PM
FishOnOne wrote:
With the oil production output in West Texas projected to hit pipeline capacity, and some other very large recently discovered oil fields that will be coming on line, "sweet crude" supply will not be the issue.
In the oil/gas industry (which I'm very involved in) speculators (like your article) always drive prices up for the most part until the facts usually prove them wrong and prices settle.
โSep-04-2018 05:48 PM
drsteve wrote:Go big, or go home. ๐ No equivocation...maybe.fj12ryder wrote:
I figure they'll either go up, or go down, or stay the same.
Bold prediction. Are you sure you want to go out on that limb?
โSep-04-2018 05:32 PM
โSep-04-2018 05:06 PM
ShinerBock wrote:FishOnOne wrote:
Not knowing what the PPM levels will be, I suspect the marine diesel regulation will not have an impact with "on the road diesel" prices.
I would have to disagree. As the article a later posted after my original past. It will more than likely increase demand and price for "sweet" crude for a period of time and then settle back down. This will also increase gas prices since gas is made from "sweet" crude as well.
Why Diesel Prices Are Set To Soar