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Markets Brace for Middle East Oil Supply Shock
October 05, 2024

The market has started to price in some form of Israeli attack on Iranian oil infrastructure, consultancy FGE said in a Friday note. Any disruptions to Iranian oil supplies will likely push Brent oil prices above $80 per barrel, but ...  +

When Will USA Crude Oil Production Peak?
October 03, 2024

James Davis, the Director of Short-Term Global Oil Service & Head of Upstream Oil at FGE, revealed to Rigzone that FGE expects U.S. crude oil production to peak at “around 14 to 14.2 million barrels per day”. “We believe crude o...  +

Oil steadies, but heads for weekly drop on firmer supply outlook
September 27, 2024

"All in all, it is evident that oil markets remain very cautious about global oil balances in 2025 and what OPEC+ "should do", with the recent bearish mood being underscored by the record low net length across ICE Brent contracts for m...  +

Egypt to increase gas imports from Israel
September 24, 2024

The field once accounted for 40 percent of the country’s total gas production, but it currently produces less than 20 billion cubic metres of gas, according to Facts Global Energy. Read Article  +

FGE see Europe, US net-short SAF by 2035 amid net-zero failure
September 18, 2024

FGE said that global sustainable aviation fuel use would hit  8% of the total jet pool in 2035 and 19% by 2050, also implying that the aviation industry's 2050 net zero target is effectively out of reach. SAF consumption would reach o...  +

Oil production in Libya returns, but full recovery is uncertain
September 17, 2024

Crude output has increased by 200,000 barrels per day (bpd) since the beginning of the month. Analysts at Facts Global Energy (FGE) in London estimate that production rose to around 650,000 to 700,000 bpd. ... Although loadings have ...  +