Dr Fereidun Fesharaki, Founder & Chairman, FGE, Singapore, says there is at least 10 more years of growth in the gasoline sector. The EVs are stories of the 2030s, they are not stories of the 2020s. The gasoline demand peaks first an...  +

Dr Fereidun Fesharaki, Founder & Chairman, FGE, Singapore, says new refineries are nor coming up while demand is growing. It creates a golden age for refining, at least for the period of 2024, 2025, 2030. After that, the golden age w...  +

Oil prices declined on Friday due to the potential for a ceasefire in Gaza, which could alleviate geopolitical tensions in the Middle East. Additionally, the stronger U.S. dollar and weakening demand for gasoline in the United States con...  +

Nigeria's giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping pressure on European refineries already at risk of closure from heightened competition, anal...  +

Oil prices settled lower on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks. Read Article  +

The physical crude market in Europe is slumping afresh as the region heads into peak refinery maintenance season amid a flood of oil from the US. Read Article  +

Ukraine’s drones have hit facilities accounting for more than a 10th of Russia’s oil-refining capacity, but the actual reduction in crude processing may be just half that size because the country’s downstream industry can utilize existin...  +

Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of US sanctions crimped trade with Russia and forced processors to look elsewhere for supply. Read Article  +

Abu Dhabi is planning to increase its presence in the liquefied natural gas market, helping it to diversify away from oil. Ruwais LNG, a new terminal located in Al Ruwais Industrial City, will increase the emirate’s capacity from 5.7 mil...  +

Kuwait's fuel oil exports rose for a second month in February, according to shiptracking data from Kpler and LSEG, as the Al Zour refinery powered towards full capacity. Read Article  +