"The refinery (attack) impact wanes off through May and June, which is why we may expect higher exports from Russia," said Armaan Ashraf, global head of natural gas liquids at FGE. He was referring to drone attacks by Ukraine on oil proc...  +

It is likely that the refinery will continue to process mostly sour crude as it is a "fairly complex refinery with a residual fluid catalytic cracker, a mild hydrocracker and a vacuum gas oil desulphurisation unit", unless the economics ...  +

In Europe, gasoline demand will grow by 50,000 bpd or 2.3% in 2024 to 2.19 million bpd, in line with recent years, FGE said. Read Article  +

Others, including analysts at the energy research firm FGE, said they expect oil prices in the range of $90-$95 per barrel by the third quarter of 2024. “Demand is going to creep higher, seasonally, in the second half of the year, and...  +

Refiners can balance a lighter crude diet by feeding residual fuels into secondary units. U.S. Gulf refiners could process up to 50,000 bpd extra of Mexican fuel oil to substitute heavy crude, according to FGE analyst Francisco Goncalves...  +

According to FGE’s Middle East managing director, Dr Iman Nasseri, Iran exported about 11m metric tonnes of liquid petroleum gas by sea in 2023 — more than 5m mt over 2018 levels. He projects total exports will increase a further 600,000...  +

“The refinery is already having a sizable impact on product markets even running in its most stripped back form at minimum rates,” said Ronan Hodgson, an energy analyst at FGE. Read Article  +

“Key US data released this week has helped allay fears of a sharp slowdown in the US economy,” analysts at energy consultancy FGE said according to Reuters. They expect that oil markets would now return to their full focus on fundam...  +

Prices, which already include a risk premium of about $10 a barrel, are poised to push higher, according to Iman Nasseri, Middle East managing director at consultancy FGE. Read Article  +

Iran last year became the biggest West Asian supplier of Liquefied petroleum gas (LPG), with exports surging 28 percent to over 11 million tons, according to an analysis of ship tracking data and market intelligence by consultancy Facts ...  +