- Dangote refinery to purchase 24 million barrels of crude oil from US
May 16, 2024
Ronan Hodgson, an energy analyst at FGE, noted that this pattern is expected to continue as foreign oil remains more cost-effective than local supplies.
Hodgson also mentioned that units designed to enhance diesel quality in the oil fi...
- Nigeria’s Glut of Unsold Oil Starts to Shrink as Prices Weaken
May 14, 2024
“We’ve got much weaker margins so crude demand is taking a hit,” said James Davis, director of short-term oil market research at FGE.
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- Diesel in the Doldrums as Weak Demand Prompts Refiner Run Cuts
May 14, 2024
European diesel weakness is also being driven by elevated US flows to the region and a drop in freight rates that’s made it cheaper to bring in the fuel from Asia, according to Eugene Lindell, head of refined products at FGE.
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- Russia's refined oil product exports to Singapore to hit highest this year in May, traders say
May 10, 2024
"The refinery (attack) impact wanes off through May and June, which is why we may expect higher exports from Russia," said Armaan Ashraf, global head of natural gas liquids at FGE. He was referring to drone attacks by Ukraine on oil proc...
- Shell's Singapore refinery sale and its market significance
May 09, 2024
It is likely that the refinery will continue to process mostly sour crude as it is a "fairly complex refinery with a residual fluid catalytic cracker, a mild hydrocracker and a vacuum gas oil desulphurisation unit", unless the economics ...