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 ...
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Mideast’s Rising War Risk Puts Spotlight on Iran’s Quiet Oil Comeback
October 04, 2024
Vessels often turn off identification transponders, making Iranian flows difficult to track. As a result, several institutions — like the International Energy Agency and consultants FGE — have higher estimates than data compiled by B...
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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...
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ARA gasoline exports to West Africa hit multi-year lows in September
October 03, 2024
Financial constraints also hindered any last-minute rush of higher-sulphur grade purchases from Belgium before the legislation was implemented, Ronan Hodgson of energy consultancy FGE said.
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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...
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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.
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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...
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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.
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Although loadings have ...
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Oil stares at a bleak future as China’s economy sputters. The good news: A market ‘bust’ is unlikely
September 17, 2024
India’s growth rate will be consistent and over the long term, well into the mid 2040s, but it’s not going to be the same size and magnitude as that of China’s, said Fereidun Fesharaki, chairman of energy consultancy Facts Global Energ...
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Asia ultra low-sulphur gasoil refining margins sink to near three-year low, LSEG data shows
September 17, 2024
"We believe Singapore gasoil cracks are oversold...the market is undervaluing the stockdraws that will take place in September and throughout October," said FGE analysts in a client note dated Sept. 13.
The net short positions i...
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