- China's Oil Teapots Rocked by Tax Rules That Threaten Closures
February 24, 2025
“The economics of processing fuel oil as feedstock have been deteriorating for a while,” said Mia Geng, an analyst at industry consultant FGE. “The recent change in tax policy has further damped interest among refiners.”
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- Global marine fuel sales jump in 2024 on Red Sea diversions
February 12, 2025
In January, the Houthis announced they would only attack Israeli-linked ships following the ceasefire in Gaza, heightening hopes of a return to the Red Sea and Suez Canal.
The return of northbound transits through the Suez Can...
- India gasoline demand to grow 6%-8% next fiscal year - industry execs
February 11, 2025
Energy consultancy FGE expects a rise of about 40,000 barrels per day to 950,000 bpd in 2025 in India's gasoline consumption, while diesel demand is expected to hold steady.
FGE estimates Asian overall gasoline supply to grow ...
- Gas at $100 a Barrel in Europe Makes Burning Oil More Attractive
February 10, 2025
“We have already seen increased gas-to-fuel oil switching and gas-to-gasoil is next,” said Eugene Lindell, head of refined products at consultancy FGE. “This is one of the pillars of gasoil strength right now.”
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FGE expe...
- Syria's electricity crisis: Fuel shortage plunges country into darkness
February 07, 2025
Turkey and Qatar have committed to deploying floating power-supply vessels to provide electricity to Syria, but analysts are sceptical about their ability to resolve the crisis.
"This will not fully solve the power issue of t...