Who we are and what we do

Iran: Trump Talks or Export Crackdown
February 05, 2025

Total Iranian oil production — comprising crude, condensate and NGLs — in 2024 and into 2025 “hit a 40-year record high despite sanctions” at nearly 5 million barrels per day, according to Iman Nasseri of consultancy FGE, speak...  +

An overview of Iran's energy industry and infrastructure
February 04, 2025

FGE consultancy says Iran refines about 2.6 million bpd of crude and condensate and exports 2.6 million bpd of crude oil, condensate and refined products.  The country also produces 34 billion cubic feet of gas per day, accord...  +

China tariff retaliation targets its modest US energy imports
February 03, 2025

Mia Geng, an analyst at FGE, said that when China imposed 25% tariffs on U.S. crude during the trade war in Trump's first administration, China stopped its purchases of 300,000-400,000 barrels per day of U.S. crude and turned t...  +

Asia Oil Refiners Cut Run Rates, Mull Closures as Costs Soar
January 23, 2025

“A feedstock shortage, coupled with higher costs for alternative crude, has prompted many independent refineries to trim runs by 10% to 20%,” said Mia Geng, an analyst at industry consultant FGE referring to the Chinese teapots...  +