- China Oil Refineries Face Reckoning as Beijing Tackles Overcapacity
January 05, 2025
“This year, oversupply in China’s oil market will grow further,” said Mia Geng, an analyst at industry consultant FGE. “We could see more teapot shutdowns, both temporary and permanent.”
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- Oil prices rise 1% in thin pre-holiday trade
December 24, 2024
FGE analysts said they expect the benchmark prices will fluctuate around current levels in the near term "as activity in the paper markets decreases during the holiday season and market participants stay on the sidelines until th...
- Asia fuel oil prices capped in early 2025 but supply risks loom
December 18, 2024
"We anticipate that Al Zour's LSFO exports to Fujairah will remain elevated next year, primarily driven by year-on-year growth in the UAE's (United Arab Emirates') bunker fuel demand," said Palash Jain, FGE's Middle East oil mark...
- COMMODITIES 2025: Middle East oil refineries brace for more supplies as new capacities come online
December 16, 2024
Bapco's expansion is expected to affect the country's refined product exports by the third quarter, when its gasoil/diesel production is seen rising by 20% from a year earlier, according to Palash Jain, Middle East downstream ana...
- Syria faces fuel supply conundrum
December 13, 2024
The product shipments are difficult to track as they are carried out by Iran's 'dark fleet', but consultancy FGE estimates Iran has been sending around 10,000-20,000 b/d to Syria in recent years.
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