- Russia oil trade to China, India stalls as sanctions drive up shipping costs
January 28, 2025
U.S. sanctions and a ban imposed early this month by China's Shandong Port Group will see refineries in Shandong province losing up to 1 million barrels per day of crude supply in the near term, consultancy FGE said.
Independa...
- Oil prices hover near two-week low, weak China data adds to demand concerns
January 28, 2025
FGE analysts see refineries in Shandong losing up to 1 million barrels per day of crude supply in the near term amid a ban imposed by the Shandong Port Group on U.S.-sanctioned tankers.
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- Asia Oil Refiners Cut Run Rates, Mull Closures as Costs Soar
January 23, 2025
“A feedstock shortage, coupled with higher costs for alternative crude, has prompted many independent refineries to trim runs by 10% to 20%,” said Mia Geng, an analyst at industry consultant FGE referring to the Chinese teapots...
- Syria issues first post-Assad oil tenders
January 22, 2025
"Recent political developments have indicated that Qatar, Saudi Arabia and Turkey could play a role in solving Syria's crude and refined products shortage," FGE analyst Palash Jain said.
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- 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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