- Oil prices seek stability around key $70 level
July 20, 2025
Palash Jain, Middle East oil market specialist at London-based consultancy Facts Global Energy (FGE), said prices remain volatile within the $66 to $70 range.
“Overall, market fundamentals point toward increased upward press...
- China's Shandong raises fuel oil import tax rebates for some refineries, sources say
July 03, 2025
China enacted higher import tariffs on fuel oil at the start of 2025 and at the end of last year reduced the tax rebates on fuel oil shipments. That led to fuel oil imports declining to their lowest ever for the January-May per...
- Petchem demand to support Asian cracks over next decade
July 02, 2025
Demand will continue to grow. We will continue to see refining closures and capacity additions will start to wind down. So, despite all the doom and gloom that you might have heard elsewhere, we actually think that the refining...
- Iran’s refineries at risk in escalating conflict
June 20, 2025
Iranian naphtha is shipped mainly to the UAE, where it is used as a gasoline blendstock. Iran exported about 116,000 b/d of naphtha in January-May, data from consultancy FGE NexantECA show, down by 12pc from its 2024 exports. [...
- Fuel Tanker Rates Soar as Israel-Iran Puts Shipping in Focus
June 17, 2025
As well as affecting shippers’ bottom lines, such sharp jumps in the cost of hauling fuels will also ripple through the wider petroleum markets. Persian Gulf exports of diesel are almost 1.4 million barrels-a-day, while naphtha...