“Average diesel prices at the pumps in Europe are now more expensive than gasoline. This is the first time in history. If the prices go higher, it could force private diesel car owners to reduce driving,” said Cuneyt Kazokoglu, head ...  +

"Today, everyone who had been wary of the implications of being involved has already left the game. And those who do remain are those who do not necessarily fear sanctions," said Iman Nasseri, managing director for the Middle East at...  +

Work is underway to bringing online an additional fourth train at the Persian Gulf Star (PGS) condensate splitter, and on a 60,000 b/d splitter that made up just one part of the now shelved Siraf project. Consultancy FGE expects th...  +

Europe’s consumption will also get a shot in the arm from an environmental rule coming into force next May that will push ships toward using diesel-type fuel — though it won’t be enough to stop an overall annual demand drop, accordin...  +

"The regulation will result in an increase of 44,000 barrels a day in demand for a type of diesel fuel known as marine gasoil next year, according to Eugene Lindell, head of refined products at consultancy FGEWhile the new rule will ...  +

Iman Nasseri, managing director at Facts Global Energy in Dubai, says that more companies are involved in Iranian sanctions evasion and have not yet been identified. “There have been more of such companies put on sanctions list in th...  +

"Strong buying for September-loading cargoes helped offset the global market weakness that usually seeps into the market after the summer burning peak in the Middle East ebbs," said Eugene Lindell of energy consultancy FGE. Read...  +

In the first 11 days of October, the differentials of other major Mediterranean crude grades – CPC Blend, Saharan and Libya's own Es Sider blends also weakened, FGE Energy analyst Sofia Pribludnaja said. "Looking ahead, these Medi...  +

The threat for the LPG market is lower than it is for crude, but if Israel were to target Iran's gas processing plants or the two refineries in Bandar Abbas — PGS and Bandar Abbas — which yield over 20pc of the country's refinery LPG...  +

The West African crude market is set to be “substantially tighter” in the fourth quarter because of the supply to Dangote, said Ronan Hodgson, a London-based analyst at FGE. The volumes could even send Nigerian exports below 1 millio...  +