- Asia Naphtha/Gasoline-Gasoline crack eases, Chinese fuel quota in focus
December 12, 2023
Asia’s gasoline markets softened on Monday after rising about 7% last week amid speculation around China’s fuel export quota for next year.
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- OPEC will gain more control of the oil market in 2024, and can raise production again in the 2nd half of the year, energy firm says
December 12, 2023
A shaky demand outlook and booming US oil production have weighed on crude prices in the final months of 2023, but according to energy research firm FGE, the Organization of Petroleum Exporting Countries and its allies will get a firmer ...
- Africa’s Largest Oil Refinery Moves Closer to Start-up
December 08, 2023
The Dangote Refinery in Nigeria, Africa’s biggest, is expected to receive on Friday its first of several cargoes of crude oil that would enable it to begin initial runs, the Dangote group said in a statement seen by Reuters.
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- China’s Oil Demand Growth Is Set for a Significant Slowdown in 2024
December 08, 2023
Crude oil demand in China is set to slow down sharply next year, a survey among 12 industry analysts and consultants carried out by Bloomberg has suggested.
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- Key Asian refiners to sell 2024 diesel term supply at lower premiums
December 08, 2023
Key Asian refiners are set to seal 2024 diesel export deals at lower premiums than last year as global supply is poised to rise next year amid slower global demand growth, five trade sources said.
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