- Saving Scotland's only refinery a rare point of agreement in UK election race
July 02, 2024
Eugene Lindell, head of refined products at energy consultancy FGE, told Reuters a dependency on fuel imports could leave Scottish fuel prices exposed to extra freight costs, as diesel and jet imports in particular would likely have to b...
- Oil prices edge higher as supply risks mount
June 27, 2024
Oil supplies have also come under pressure from weather-related disruptions which could worsen in the coming weeks. Heavy rains have caused Ecuador’s production to decline by 100,000 barrels a day over the past week, FGE Energy said on F...
- Dangote Claims Oil Majors Are Trying to Sabotage Africa’s Biggest Refinery
June 24, 2024
The refinery expects to export diesel to customers in Europe, as well as gasoline to Latin American and African markets. However, production of Euro V gasoline, the gasoline complying with Europe’s emissions standards, is not expected to...
- Chinese Refining Boom Runs Out of Steam
June 13, 2024
FGE, on the other hand, has predicted flat output, which is a revision on an earlier forecast that saw growth of 200,000 bpd. The firm’s analysts project some 1 million bpd remaining as spare capacity after the end of this year’s mainten...
- China’s Oil Refiners Are Slowing Down After Decades of Growth
June 13, 2024
Refiners will ramp up slowly from maintenance, but they are expected to have at least 1 million barrels a day of spare processing capacity that they won’t use due to poor demand, according to Mia Geng, an analyst with FGE. The consultant...