Iraq scrambles for alternatives as US cuts Iran energy waivers
March 12, 2025
The United States' decision not to renew waivers includes only electricity imports from Iran, not all gas imports, FGE revealed.
Iraq relies on Iran for 22% of its total gas and electricity imports according to FGE, raising co...
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Dangote Buys More Foreign Oil as Nigerian Mega-Refinery Ramps Up
March 11, 2025
"Ultimately, price competitiveness will continue to be dominant factor in deciding Dangote's crude imports," said Ronan Hodgson, a London-based analyst at FGE. "WTI will continue to be an attractive grade for the refinery becau...
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Trump’s Energy Tariffs Are Set to Spark a Redrawing of Oil Flows
March 05, 2025
Meanwhile, US East Coast fuel buyers will need to turn to Europe’s refiners to replace some Canada supplies, according to Eugene Lindell of consultant FGE.
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Meanwhile, some fuel supplies typically sent from Canada into t...
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Trump's Tariff Maneuvers Are Buffeting Key Oil Traders
March 05, 2025
US crude timespreads, the market's vote on perceptions of supply tightness, surged intraday on Tuesday before retreating back toward where they started the session after Lutnick's comments. Any reduction in lighter Canadian vo...
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Shadow LPG carrier fleet swells as Iran crackdown looms
February 27, 2025
According to energy consultancy Facts Global Energy, Iran exported approximately 11.5m tonnes of LPG in 2025, a slight increase from the 11.4m exported the year prior. The data includes a small percentage of land-based exports....
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Saudi gasoline exports at a six-year high in 2024
February 26, 2025
The demand weakness was compounded by digitilisation of several government services in Saudi Arabia since the pandemic, according to FGE analyst Palash Jain.
"There are reports that indicate that transactions are increasingly ...
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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...
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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 ...
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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...
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