Bapco's expansion is expected to affect the country's refined product exports by the third quarter, when its gasoil/diesel production is seen rising by 20% from a year earlier, according to Palash Jain, Middle East downstream ana...  +

The product shipments are difficult to track as they are carried out by Iran's 'dark fleet', but consultancy FGE estimates Iran has been sending around 10,000-20,000 b/d to Syria in recent years. Read Article  +

FGE forecasts Asia's diesel cracks to average less than $14 a barrel for the first half next year - slightly lower or table relative to current levels.  Read Article  +

"The flow will stop, at least for the time being," said Iman Nasseri, managing director for the Middle East at FGE. "But Iran will want to continue supplying this oil to Syria, or else it may be forced to cut production by anywhe...  +

The latest extension puts OPEC+ output below major banks' previous forecasts, which could provide some support for the market going forward, analysts at energy-focused consultancy FGE said. Read Article  +

"The U.S. Gulf Coast will continue to need to clear excess diesel and much of this will still end up in Europe," Ronan Hodgson, middle distillates analyst at FGE said. Read Article  +

Consultancy FGE predicts China's crude imports may peak next year at 11.2 million bpd, on par with the record set in 2023 and 440,000 bpd above levels in the first 10 months of 2024. ... FGE believes China's diesel demand...  +

European refiners are producing less gasoline because of weak profit margins and annual maintenance, FGE analyst Benedict Mangeolles said. Benchmark Northwest European gasoline profit margins fell to below $6 a barrel on Nov. 18...  +

Iraq's fuel oil exports exceeded 2.15 million metric tons in October, the highest monthly volume on record, based on Kpler and LSEG data. This was coupled with a seasonal decline in domestic demand of about 100,000 barrels per day...  +

Iran currently exports 100,000-150,000 barrels per day (bpd) of condensate which mainly goes to China, Venezuela and the United Arab Emirates, according to FGE. If Trump tightens sanctions on Iran, its condensate exports to UAE an...  +