The Dangote refinery expects to export diesel to customers in Europe, as well as gasoline to Latin American and African markets. However, production of Euro V gasoline, the gasoline complying with Europe’s emissions standards, is not exp...  +

Strong tourism activity in the Mediterranean is making up for a shortfall in some other European markets such as Germany, where weak economic performance has weighed on demand, consultancy FGE said last week. Read Article  +

"Bullish fundamentals continue to play second fiddle to weakening sentiment, with the oil market unable to shake off its recent bearish tendencies," analysts at consultancy firm FGE said in a note to clients. Read Article  +

“Bullish fundamentals continue to play second fiddle to weakening sentiment, with the oil market unable to shake off its recent bearish tendencies,” energy consultancy FGE said as quoted by Reuters. Read Article  +

Analysts at consultancy firm FGE noted that despite some bullish fundamentals, weakening sentiment continues to dominate the oil market. The push for a ceasefire between Israel and Hamas has also eased supply concerns, contributing to th...  +

 Consultancy FGE estimates that LNG will displace 110,000 to 120,000 barrels per day of diesel demand in China this year and the next. Read Article  +

“Shipping diesel from East to West got exorbitantly expensive after the Red Sea attacks,” said Eugene Lindell, head of refined products at consultant FGE. “Faced with worsening economics, traders got creative and started cleaning up dirt...  +

Crude prices are also being supported by lingering geopolitical risk.Analysts at consultancy FGE said oil markets would return their focus to geopolitics, amid warnings of retaliatory attacks from Iran against Israel over the killing of ...  +

“The refinery’s gasoline is unlikely to hit the market until at least September,” consultant FGE wrote this month, citing issues with some of the plant’s units. Read Article  +

Dr Fereidun Fesharaki, Founder & Chairman, FGE, says the long-term oil price will be about $70 a barrel in real terms and this view holds for the next 20 years. Increasing carbon costs are supporting crude prices. But we do not see t...  +