Developer docs
API playgroundTry for free, no card

Search company profiles

NexantECA

Full company profile

uuid0009ep1

Namestring
NexantECA
Legal namestring
NexantECA (BVI) Limited
Websiteurl
nexanteca.com
Company typeenum
Private
Founded yearint
2000
Descriptiontext

NexantECA, operating under the trade name FGE NexantECA, is an energy and chemicals advisory firm serving the global energy, refining, and chemical industries. The firm delivers strategic advisory consulting, subscription-based research and analytics, and professional training programs to enterprise clients across multiple geographies including the UK, United States, China, Japan, Saudi Arabia, and Singapore. Customer segments span major oil and chemical corporations (primary), governments and regulatory bodies, investors and financial institutions, law firms, and development agencies.

The firm's product portfolio centers on three service lines (Consulting, Research/Insights and Analytics, and Training) anchored by a proprietary analytics stack. Its flagship platform, Lumen by FGE NexantECA, is an integrated intelligence platform for long-term gas and LNG markets featuring a 1.5 million-variable scenario model with approximately 80-second run-time and forecast horizon up to 2050. Supporting analytical tools include the World Gas Model and Petrochemical Simulator, complemented by a research library comprising Quarterly Business Analysis, TECH (Technoeconomics) reports, Polyolefins Technology Reports, and Market Insights covering specific chemical products with regional forecasts to 2035–2050. The Training program has educated more than 10,000 chemical and energy industry professionals globally.

NexantECA operates a B2B enterprise consulting-led sales motion with pricing not publicly disclosed and engagement initiated through 'Contact Us' and 'Request a Demo' calls-to-action. Revenue is generated through three streams: professional services consulting engagements, recurring subscription-based market analytics, and training program fees. Following the February 2025 merger of NexantECA with Facts Global Energy (FGE) and a strategic investment by TA Associates in FGE, the combined entity is headquartered in London (legal entity NexantECA (BVI) Limited, incorporated in the British Virgin Islands) and led by CEO Andrew Toumazi, with distribution supported by thought leadership content, webinars, white papers, podcasts, and industry events such as APIC 2026, BIOINNOVASIA 2026, and the Global Sustainable Aviation Fuel Summit 2026.

Short descriptiontext

NexantECA (FGE NexantECA) is a London-headquartered energy and chemicals advisory firm delivering consulting, subscription research, and training to enterprise clients including major oil and chemical companies, governments, and financial institutions across global markets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
energy advisory services, chemicals consulting, petrochemical market analytics, LNG forecasting platform, technoeconomic analysis
Industry1 code
1Instrumentation, Controls & Automation Engineering Consulting
CodeBPAHAIAMPrimaryYes
NAICS code2 codes
  • Management Consulting Services54161
  • Other Scientific and Technical Consulting Services54169
SIC code2 codes
  • Services-Management Consulting Services8742
  • Services-Engineering, Accounting, Research, Management8700
Product category
Energy and Chemicals Advisory
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Consulting Services
TypeProfessional Services
Description

Strategic advisory consulting engagements for energy and chemicals projects ranging from resource master planning through to project implementation.

nexanteca.com
2Research Reports and Subscriptions
TypeSubscription Recurring
Description

Comprehensive analytics, forecasts, and insights for chemicals, polymers, energy and cleantech industries delivered through subscription-based market analytics and insights reports.

nexanteca.com
3Training Programs
TypeProfessional Services
Description

Online and public training courses for chemical and energy industry professionals, having trained more than 10,000 professionals globally.

nexanteca.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

NexantECA is an energy and chemicals advisory firm delivering three core service pillars: Consulting (advisory on projects from resource master planning through to project implementation), Research / Insights and Analytics (market analytics, forecasts, technoeconomics, and profitability analysis for chemicals, polymers, energy and cleantech), and Training (online and public courses for chemical and energy professionals, with more than 10,000 trained globally). Its flagship product is Lumen by FGE NexantECA, an integrated intelligence platform for long-term gas and LNG markets.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

NexantECA (also branded as FGE NexantECA) is an Energy and Chemicals Advisory company offering a portfolio of professional services centered around three main offerings: Consulting, Research/Insights and Analytics, and Training. The core integrated product is Lumen by FGE NexantECA, an intelligence platform for gas and LNG markets. The research arm includes numerous analytical reports including Quarterly Business Analysis, Market Insights reports covering specific chemical products (HDPE, Polyisobutylene, Surfactants), TECH (Technoeconomics) reports on process technologies, and the Polyolefins Technology Report. Supporting tools include the World Gas Model and Petrochemical Simulator. Additional content products include White Papers, Webinars, and a Blog featuring expert industry insights.

Product and service11 records
1Consulting
CategoryAdvisory consulting services
Description

Advisory engagements for the energy and chemicals industries covering projects from resource master planning through to project implementation, including strategic advisory, feasibility studies, project finance support, and sustainability consulting.

2Research / Insights and Analytics
CategorySubscription research and analytics
Description

Subscription-based market analytics, forecasts, and insights for the chemicals, polymers, energy and cleantech industries, including market analytics, profitability analysis, and technoeconomics.

3Training
CategoryProfessional training
Description

Online and public training courses for chemical and energy industry professionals, with more than 10,000 professionals trained globally.

4Lumen by FGE NexantECA
CategoryAnalytical software platform
Description

Integrated intelligence platform for long-term gas and LNG markets featuring a 1.5 million-variable scenario model, ~80 second scenario run-time, and a forecast horizon up to 2050.

5Quarterly Business Analysis (Global Petrochemicals, Polymers, C1 Chemicals and Fertilizers)
CategorySubscription research report
Description

Quarterly analysis of profitability of the petrochemical and polymers industry across Asia Pacific, Western Europe, United States and the Middle East.

6Technoeconomics (TECH) Reports
CategorySubscription research report
Description

Technoeconomic analysis reports on commercial and developing process technologies with cost of production estimates and carbon intensity analyses, covering chemicals including Butadiene/Butylene, Chlor-Alkali, Epichlorohydrin, Caprolactam, and Polyurethane.

7Polyolefins Technology Report
CategorySubscription research report
Description

Biennial technology analysis for all polyethylene resins (LDPE, LLDPE, HDPE) and polypropylene, including comparative process economics for major licensed technologies.

8World Gas Model
CategoryAnalytical tool
Description

Global gas market forecasting and scenario modeling tool.

9Petrochemical Simulator
CategoryAnalytical tool
Description

Simulation tool for petrochemical market analysis and profitability assessment.

10Market Insights Reports
CategorySubscription research report
Description

Market intelligence reports covering products including Bimodal HDPE, Polyisobutylene, Surfactants, Polylactic Acid, and Recycled Polyester, with supply, demand and trade analysis, pricing trends and forecasts to 2035-2050.

11Biofuels Monthly Report
CategorySubscription research report
Description

Monthly market intelligence report covering biofuels markets to help clients navigate market volatility.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Owner of Platts, Wood Mackenzie, and related energy/chemical data franchises - the dominant scaled incumbent offering price benchmarks, research, and consulting across the full energy and chemicals value chain.

TypeBroad incumbent
Description

Energy research provider covering transition themes, power, transport, and commodities - overlaps with NexantECA's clean energy and decarbonization advisory, particularly for investor and policy clients.

TypeDirect peer
Description

Energy and chemicals research, data, and consulting firm covering upstream, gas/LNG, refining, and petrochemicals with subscription reports and advisory work - the closest direct competitor to FGE NexantECA across both the research and consulting lines.

TypeDirect peer
Description

Specialist in petrochemical and chemical market intelligence, pricing, and consulting - highly comparable on the chemicals/petchem side of NexantECA's franchise including polymers, olefins, and intermediates coverage.

TypeDirect peer
Description

Independent energy research and advisory firm offering proprietary models, market outlooks, and consulting across oil & gas, renewables, and metals - comparable subscription-plus-advisory model targeting many of the same corporate and investor clients.

TypeDirect peer
Description

Global commodity price reporting and analytics with strong oil, gas, and petrochemicals coverage - competes with NexantECA's market analytics, technoeconomics reports, and subscription research offerings.

TypeDirect peer
Description

Specialist energy research and analytics firm with deep coverage of oil, gas/LNG, and refined products - directly comparable subscription research plus advisory model serving similar trader, oil major, and institutional clients.

TypeEmerging player
Description

Data and analytics platform for commodities, shipping, and energy flows - an emerging tech-forward player building scenario and forecasting capabilities that compete with Lumen's gas/LNG analytics.

TypeBroad incumbent
Description

Global management consultancy with a dedicated energy/chemicals practice serving IOC/NOC clients on strategy, operations, and energy transition - competes for the higher end of corporate advisory mandates NexantECA serves.

TypeBroad incumbent
Description

Global strategy consulting firm with substantial energy and chemicals coverage - competes for corporate strategy, energy transition, and sustainability mandates that overlap with NexantECA's consulting offering.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles11 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

NexantECA

Energy and Chemicals Advisorynexanteca.com

NexantECA (FGE NexantECA) is a London-headquartered energy and chemicals advisory firm delivering consulting, subscription research, and training to enterprise clients including major oil and chemical companies, governments, and financial institutions across global markets.

What NexantECA does

NexantECA, operating under the trade name FGE NexantECA, is an energy and chemicals advisory firm serving the global energy, refining, and chemical industries. The firm delivers strategic advisory consulting, subscription-based research and analytics, and professional training programs to enterprise clients across multiple geographies including the UK, United States, China, Japan, Saudi Arabia, and Singapore. Customer segments span major oil and chemical corporations (primary), governments and regulatory bodies, investors and financial institutions, law firms, and development agencies.

The firm's product portfolio centers on three service lines (Consulting, Research/Insights and Analytics, and Training) anchored by a proprietary analytics stack. Its flagship platform, Lumen by FGE NexantECA, is an integrated intelligence platform for long-term gas and LNG markets featuring a 1.5 million-variable scenario model with approximately 80-second run-time and forecast horizon up to 2050. Supporting analytical tools include the World Gas Model and Petrochemical Simulator, complemented by a research library comprising Quarterly Business Analysis, TECH (Technoeconomics) reports, Polyolefins Technology Reports, and Market Insights covering specific chemical products with regional forecasts to 2035–2050. The Training program has educated more than 10,000 chemical and energy industry professionals globally.

NexantECA operates a B2B enterprise consulting-led sales motion with pricing not publicly disclosed and engagement initiated through 'Contact Us' and 'Request a Demo' calls-to-action. Revenue is generated through three streams: professional services consulting engagements, recurring subscription-based market analytics, and training program fees. Following the February 2025 merger of NexantECA with Facts Global Energy (FGE) and a strategic investment by TA Associates in FGE, the combined entity is headquartered in London (legal entity NexantECA (BVI) Limited, incorporated in the British Virgin Islands) and led by CEO Andrew Toumazi, with distribution supported by thought leadership content, webinars, white papers, podcasts, and industry events such as APIC 2026, BIOINNOVASIA 2026, and the Global Sustainable Aviation Fuel Summit 2026.

NexantECA firmographics

Firmographics
Name
NexantECA
Legal name
NexantECA (BVI) Limited
Website
https://nexanteca.com
Company type
Private
Founded year
2000
Operating status
Operating
Headcount range
51–100 employees
Short description
NexantECA (FGE NexantECA) is a London-headquartered energy and chemicals advisory firm delivering consulting, subscription research, and training to enterprise clients including major oil and chemical companies, governments, and financial institutions across global markets.
Ownership category
akta.pro rank

NexantECA industry classification

Industry
Product category
Energy and Chemicals Advisory
NAICS
Management Consulting Services (54161), Other Scientific and Technical Consulting Services (54169)
SIC
Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)
akta.pro primary industry
Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

Keywords

  • Energy advisory services
  • Chemicals consulting
  • Petrochemical market analytics
  • LNG forecasting platform
  • Technoeconomic analysis

Where NexantECA is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Offices2 records

Markets served

NexantECA business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

  1. Consulting Services: Strategic advisory consulting engagements for energy and chemicals projects ranging from resource master planning through to project implementation.
  2. Research Reports and Subscriptions: Comprehensive analytics, forecasts, and insights for chemicals, polymers, energy and cleantech industries delivered through subscription-based market analytics and insights reports.
  3. Training Programs: Online and public training courses for chemical and energy industry professionals, having trained more than 10,000 professionals globally.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

NexantECA product offering

Product offering

Core offering

NexantECA is an energy and chemicals advisory firm delivering three core service pillars: Consulting (advisory on projects from resource master planning through to project implementation), Research / Insights and Analytics (market analytics, forecasts, technoeconomics, and profitability analysis for chemicals, polymers, energy and cleantech), and Training (online and public courses for chemical and energy professionals, with more than 10,000 trained globally). Its flagship product is Lumen by FGE NexantECA, an integrated intelligence platform for long-term gas and LNG markets.

Product overview

NexantECA (also branded as FGE NexantECA) is an Energy and Chemicals Advisory company offering a portfolio of professional services centered around three main offerings: Consulting, Research/Insights and Analytics, and Training. The core integrated product is Lumen by FGE NexantECA, an intelligence platform for gas and LNG markets. The research arm includes numerous analytical reports including Quarterly Business Analysis, Market Insights reports covering specific chemical products (HDPE, Polyisobutylene, Surfactants), TECH (Technoeconomics) reports on process technologies, and the Polyolefins Technology Report. Supporting tools include the World Gas Model and Petrochemical Simulator. Additional content products include White Papers, Webinars, and a Blog featuring expert industry insights.

Differentiator

Problem solved

Functional benefit

Products and services

  • Consulting Advisory engagements for the energy and chemicals industries covering projects from resource master planning through to project implementation, including strategic advisory, feasibility studies, project finance support, and sustainability consulting.
  • Research / Insights and Analytics Subscription-based market analytics, forecasts, and insights for the chemicals, polymers, energy and cleantech industries, including market analytics, profitability analysis, and technoeconomics.
  • Training Online and public training courses for chemical and energy industry professionals, with more than 10,000 professionals trained globally.
  • Lumen by FGE NexantECA Integrated intelligence platform for long-term gas and LNG markets featuring a 1.5 million-variable scenario model, ~80 second scenario run-time, and a forecast horizon up to 2050.
  • Quarterly Business Analysis (Global Petrochemicals, Polymers, C1 Chemicals and Fertilizers) Quarterly analysis of profitability of the petrochemical and polymers industry across Asia Pacific, Western Europe, United States and the Middle East.
  • Technoeconomics (TECH) Reports Technoeconomic analysis reports on commercial and developing process technologies with cost of production estimates and carbon intensity analyses, covering chemicals including Butadiene/Butylene, Chlor-Alkali, Epichlorohydrin, Caprolactam, and Polyurethane.
  • Polyolefins Technology Report Biennial technology analysis for all polyethylene resins (LDPE, LLDPE, HDPE) and polypropylene, including comparative process economics for major licensed technologies.
  • World Gas Model Global gas market forecasting and scenario modeling tool.
  • Petrochemical Simulator Simulation tool for petrochemical market analysis and profitability assessment.
  • Market Insights Reports Market intelligence reports covering products including Bimodal HDPE, Polyisobutylene, Surfactants, Polylactic Acid, and Recycled Polyester, with supply, demand and trade analysis, pricing trends and forecasts to 2035-2050.
  • Biofuels Monthly Report Monthly market intelligence report covering biofuels markets to help clients navigate market volatility.

Companies that use NexantECA

Customer profile

Segments5 records

Ideal customer profiles3 records

NexantECA technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

NexantECA partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights7 records

NexantECA competitors and assessment

Company assessment

Broad incumbents

  • S&P Global Commodity Insights: Owner of Platts, Wood Mackenzie, and related energy/chemical data franchises - the dominant scaled incumbent offering price benchmarks, research, and consulting across the full energy and chemicals value chain.
  • BloombergNEF: Energy research provider covering transition themes, power, transport, and commodities - overlaps with NexantECA's clean energy and decarbonization advisory, particularly for investor and policy clients.
  • Bain & Company (Energy & Natural Resources practice): Global management consultancy with a dedicated energy/chemicals practice serving IOC/NOC clients on strategy, operations, and energy transition - competes for the higher end of corporate advisory mandates NexantECA serves.
  • Boston Consulting Group (Energy practice): Global strategy consulting firm with substantial energy and chemicals coverage - competes for corporate strategy, energy transition, and sustainability mandates that overlap with NexantECA's consulting offering.

Direct peers

  • Wood Mackenzie: Energy and chemicals research, data, and consulting firm covering upstream, gas/LNG, refining, and petrochemicals with subscription reports and advisory work - the closest direct competitor to FGE NexantECA across both the research and consulting lines.
  • ICIS (Independent Commodity Intelligence Services): Specialist in petrochemical and chemical market intelligence, pricing, and consulting - highly comparable on the chemicals/petchem side of NexantECA's franchise including polymers, olefins, and intermediates coverage.
  • Rystad Energy: Independent energy research and advisory firm offering proprietary models, market outlooks, and consulting across oil & gas, renewables, and metals - comparable subscription-plus-advisory model targeting many of the same corporate and investor clients.
  • Argus Media: Global commodity price reporting and analytics with strong oil, gas, and petrochemicals coverage - competes with NexantECA's market analytics, technoeconomics reports, and subscription research offerings.
  • Energy Aspects: Specialist energy research and analytics firm with deep coverage of oil, gas/LNG, and refined products - directly comparable subscription research plus advisory model serving similar trader, oil major, and institutional clients.

Emerging players

  • Kpler: Data and analytics platform for commodities, shipping, and energy flows - an emerging tech-forward player building scenario and forecasting capabilities that compete with Lumen's gas/LNG analytics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

NexantECA social profiles

Digital presence

NexantECA financial estimates

Financial estimate

Revenue estimate

Valuation estimate

NexantECA leadership team

Management profile

Number of profiles

Profiles11 records

NexantECA funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

NexantECA M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NexantECA

What does NexantECA do?

NexantECA is an energy and chemicals advisory firm delivering three core service pillars: Consulting (advisory on projects from resource master planning through to project implementation), Research / Insights and Analytics (market analytics, forecasts, technoeconomics, and profitability analysis for chemicals, polymers, energy and cleantech), and Training (online and public courses for chemical and energy professionals, with more than 10,000 trained globally). Its flagship product is Lumen by FGE NexantECA, an integrated intelligence platform for long-term gas and LNG markets.

Is NexantECA a public or private company?

NexantECA is a private company. It is classified as private equity controlled and is currently operating.

When was NexantECA founded?

NexantECA was founded in 2000. It employs 51 to 100 people.

Where is NexantECA based?

NexantECA is headquartered in London, United Kingdom, in the Europe region.

How does NexantECA make money?

Three revenue lines are on record. Consulting Services are the primary driver. The others are research Reports and Subscriptions and training Programs.

Who are NexantECA's main competitors?

Broad incumbents on record are S&P Global Commodity Insights, BloombergNEF, Bain & Company (Energy & Natural Resources practice) and Boston Consulting Group (Energy practice). Direct peers are Wood Mackenzie, ICIS (Independent Commodity Intelligence Services), Rystad Energy, Argus Media and Energy Aspects. Kpler is listed as an emerging player.

Does NexantECA have an API?

No public API is recorded for NexantECA.

What industry is NexantECA in?

NexantECA's product category is Energy and Chemicals Advisory. Its primary akta.pro industry code is BPAHAIAM, Instrumentation, Controls & Automation Engineering Consulting. Its NAICS code is 54161 and its SIC code is 8742.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
CNBCTV18Oil prices may ease to $75-80/bbl later this year despite West Asia risks: FGE NexantECAFGE NexantECA forecasts Brent crude prices to ease to $75-80 per barrel in the fourth quarter of 2026, assuming supply disruptions gradually ease during the second half of the year, after Q3 averaging around $82.5 per barrel. The market remains heavily impacted by geopolitical risks, particularly US-Iran tensions affecting the Strait of Hormuz and shipping disruptions at Bab el-Mandeb, which could put three to four million barrels per day of supply at risk. While oil has climbed above $100 per barrel on supply disruption fears, the actual impact may be smaller than feared due to alternative export routes via Saudi Arabia's Red Sea passage and Egypt's SUMED pipeline.OilPrice.comFear of an Oil Glut May Be Overblown, Top Consultancy SaysFereidun Fesharaki, chairman emeritus of energy consultancy FGE NexantECA, told CNBC that while up to 75% of previous oil flows through the Strait of Hormuz are expected to return by year-end, significantly lower oil prices are not guaranteed for 2027 due to ongoing U.S.-Iran tensions unlikely to be resolved soon. Fesharaki called a lasting U.S.-Iran peace deal "impossible to imagine" and characterized the current situation as "the beginning of the story." Meanwhile, China remains Iran's top oil customer but has not resumed massive purchases, keeping global oil markets in uncertainty.CNBCOil glut fears? Full supply won't return before 2027: FGE's FesharakiFereidun Fesharaki, chairman emeritus of FGE NexantECA, said China's reduced appetite for crude oil purchases is keeping oil markets uncertain and posing challenges for Iran. He noted that OPEC+'s decision to raise crude oil output quotas signals the group believes voluntary production cuts are no longer necessary. Fesharaki described the UAE's departure from OPEC as a significant blow and warned it would be catastrophic for the organization if Iraq were to exit as well.Investing.comCrude Oil Demand Faces a China Problem as Imports Hit 2016 Lows | Investing.com IndiaChinese crude oil imports in June 2026 are on track to hit their weakest level since October 2016, averaging just 6.4 million barrels per day according to Kpler data, representing an 8% decline from May's already depressed volumes and a 29% drop year-over-year. Several analysts including Rystad Energy and FGE NexantECA project that Chinese oil demand may never recover to pre-war levels, with estimates of permanent demand destruction ranging from 300,000 to 600,000 barrels daily. Meanwhile, easing prices and recovering tanker traffic are pushing crude oil prices lower, though some analysts expect China to eventually increase purchases to replenish its depleted inventories.Capital.grΟι εισαγωγές πετρελαίου της Κίνας ενδέχεται να μην επανέλθουν ποτέ πλήρως στα προπολεμικά επίπεδαAnalysts estimate that China's oil imports may never fully return to pre-war levels as the war with Iran accelerated a permanent structural shift toward electric vehicles, with Rystad Energy projecting 200,000–600,000 barrels per day of permanent transportation fuel demand loss, Energy Aspects estimating approximately 300,000 barrels per day, and FGE NexantECA forecasting a 3.3 million barrel per day decline in crude imports this quarter. The electrification of China's vehicle fleet has gained momentum, with pure electric vehicles accounting for nearly 42% of new registrations in April, up from around 38% in March, as oil price shocks during the conflict drove consumers toward EVs. The International Energy Agency projects China's average oil demand will fall by 360,000 barrels per day this year—the first significant annual decline since the oil crises of the 1970s and early 1980s—with broader implications for global markets as China, previously the 'buyer of last resort,' may no longer absorb supply disruptions in the same manner.OilPrice.comExpert Says Traders Should Brace for July Jump in Oil PricesFereidun Fesharaki, Chairman Emeritus of energy consultancy FGE NexantECA, warned oil traders on Monday that prices will spike significantly in July due to a physical shortage of crude and refined products caused by the Strait of Hormuz remaining closed for four months. The expert cautioned against market optimism surrounding a potential U.S.-Iran deal, stating that actual supply constraints in the region will trigger a "huge jump" in prices at some point in July, and described the current situation as a potential "disaster" that could lead to global recession.SolarQuarterEssar Energy Transition Releases First In-Country Value Report Highlighting £1.9 Billion Annual Economic Contribution By 2035Essar Energy Transition released its first-ever In-Country Value Overview Report, independently prepared by FGE NexantECA, showing the company contributes around £1.9 billion in annual GVA to the UK economy and supports nearly 10,000 jobs across its value chain. The company's Stanlow refinery is one of only four remaining UK refineries, supplying 18% of UK road transport fuels, 12.5% of jet fuel demand, and feedstocks for approximately 50% of the UK's inorganic chemicals industry. Essar plans to transform Stanlow into a low-carbon industrial hub with a £4.3 billion investment pipeline targeting a 95% reduction in emissions by the 2030s.EssarEssar Energy Transition unveils landmark in-country Value Overview ReportEssar Energy Transition published its maiden In Country Value Overview Report on 11 May 2026, revealing that its Stanlow Refinery operations already contribute significantly to the UK economy, supplying 18% of road transport fuel and 12.5% of jet fuel demand while collecting £4.2 billion in VAT and fuel duty in 2025. The independent FGE NexantECA report projects that by 2035, Essar Energy Transition's £4.3 billion investment pipeline will deliver £1.9 billion in annual economic value and support nearly 10,000 jobs, as the company works to transform Stanlow into the world's first low-carbon process refinery with 95% emissions reduction. The company is calling on the UK Government to include refined products in the Carbon Border Adjustment Mechanism to address competitive disadvantages from domestic carbon taxes versus untaxed high-carbon imports.Financial PostThe Hormuz Billion-Barrel Oil Shock Is About to Crash DemandAnalysts and traders are warning of severe economic consequences from a potential Strait of Hormuz oil shock, with FGE NexantECA projecting that a 12-week disruption could push Brent crude above $154 per barrel, and extreme scenarios requiring prices to surge to $250 per barrel to force demand destruction. Demand destruction is already occurring in waves, with Asia affected first, Africa next, and Europe now experiencing diesel shortages and price impacts, while major airlines including Deutsche Lufthansa and KLM are cutting flights and US gasoline demand has dropped 5%. Consuming nations have released 400 million barrels from strategic reserves to buy time, but traders warn this borrowed supply approach has recessionary consequences if the disruption persists.Investing.com6 More Weeks of Choked Hormuz Supply Could Send Oil to $200Fereidun Fesharaki, Chairman Emeritus of energy consultancy FGE NexantECA, warned on Bloomberg Television that oil prices could surge to $200 per barrel if the Strait of Hormuz remains near-closed, with 100 million barrels of oil not moving through the strait weekly. FGE NexantECA has extended its assumption of the crisis duration from four weeks to 8-12 weeks, noting that a 90% closure sustained for 4-8 more weeks would send prices to $150-200/barrel and potentially force demand destruction. Analysts at Macquarie Group also warned that oil could hit a record $200 per barrel if the Middle East war continues through Q2, with Fesharaki adding that a prolonged Hormuz closure could trigger a serious global recession lasting several years.