- China refinery throughput in rare decline as EVs contribute to weakening demand
January 17, 2025
"Transport fuels demand barely grew and lower margins have seen gasoline and diesel exports losing steam in 2024, which has affected refinery runs," said analyst Mia Geng at consultancy FGE.
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- Global diesel prices spike as US hits Russia with new sanctions
January 17, 2025
"We don't actually expect to see any major changes in Russian product flows, as the same volumes can travel to the same destinations, just using non-sanctioned tankers," FGE Energy analyst Eugene Lindell said.
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- Naphtha cracks sink as crude rally pushes margins deeper in the red
January 14, 2025
"Near-term upside risks to crude prices, driven by concerns over persistently cold weather in the US and Europe as well as potentially tighter sanctions on Iran following Trump's inauguration, could be bearish for Asian naphtha...
- Diesel Market Jumps on Fear New Sanctions May Hit Russian Supply
January 13, 2025
“The uptick in diesel prices comes on the back of the latest round of particularly stringent sanctions on Russian vessels and Russian refiners,” said Eugene Lindell, head of refined products at consultancy FGE.
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- LNG Price Rally Could Prompt Gas-to-Oil Switching in Asia
January 09, 2025
“The suspension of the Russian gas flow via Ukraine could result in a net loss for the European market, necessitating higher LNG imports to balance the market in 2025,” Siamak Adibi, an analyst at consultancy FGE, told Reuters ...