Japanese buyers hold the key to LNG market
March 28, 2016Dr. Fereidun Fesharaki, Chairman of FGE, was recently interviewed by the Denki Shimbun. He indicated that there is as much as 80 mmt of LNG in the market which remains unsold to end- users. The market is currently facing a severe shortage of buyer...
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FGE and Manaar Energy Group sign strategic partnership to combine expertise focusing on the Middle East energy market
March 24, 2016FGE and Manaar Energy Group announced today the formation of a strategic partnership in oil and gas consulting in the Middle East. The partnership is designed to leverage FGE's growing presence in Iran and Manaar's presence in Iraq. The collaborat...
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Fuel oil plays yields near-record volumes in March, discounts flip to premiums
March 16, 2016Singapore, the world's top bunkering port, is in the midst of its first big fuel oil trading play since mid-2015, with nearly the same handful of traders buying and selling huge volumes of the shipping fuel, setting up wide swings in prices and sp...
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China joins India seeking better LNG contracts for buyers
March 11, 2016China’s biggest energy company joined India in seeking to renegotiate long-term liquefied natural gas supply contracts amid a global glut that’s driving spot prices to the lowest in more than five years.
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New Iran supply to hit Asia's naphtha margins in H2: FGE analyst
March 10, 2016Asian refiners could see their margins for producing naphtha, a raw material used to make petrochemicals, turning negative in the second half of this year as Iran increases exports, an industry analyst said on Thursday.
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OPEC cuts unlikely before US, Russia, Iraq reduce output: FGE
March 10, 2016The Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut production to support oil prices until it sees output declines in the United States, Russia and Iraq, an energy consultant said Thursday.
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China's thirst for Gasoline sees barges clog up Amsterdam's port
February 29, 2016China’s switch to higher quality gasoline is being felt half a world away as barges bringing supplies for export clog up Amsterdam’s port, which ships more of the fuel than anywhere else.
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Oil: Freezing production at current levels does not resolve the issue of excess supply, according to analyst
February 19, 2016Strong gains in commodity prices in the last few days should lose momentum.
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Rising diesel demand in South Korea puts brakes on exports
February 18, 2016Rising demand for diesel in South Korea is slowing the pace of exports from one of Asia's top shippers of the fuel, offering a rare bright spot in a region where surplus has driven down refining margins.
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Iran 'welcomes' but does not commit to oil output freeze
February 17, 2016Iran's oil minister, Bijan Zanganeh, has welcomed the Saudi-Russian deal to keep a ceiling on oil output, but has not committed to limiting Iran's production.
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