- Heavy oil shortage spells higher cost for shippers, road builders
May 03, 2024
Refiners can balance a lighter crude diet by feeding residual fuels into secondary units. U.S. Gulf refiners could process up to 50,000 bpd extra of Mexican fuel oil to substitute heavy crude, according to FGE analyst Francisco Goncalves...
- Nigeria’s Dangote Oil Refinery Ramps Up Production With US Crude
April 18, 2024
“The refinery is already having a sizable impact on product markets even running in its most stripped back form at minimum rates,” said Ronan Hodgson, an energy analyst at FGE.
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- Oil Traders Weigh Risks of Iran-Israel Conflict in Tight Market
April 14, 2024
Prices, which already include a risk premium of about $10 a barrel, are poised to push higher, according to Iman Nasseri, Middle East managing director at consultancy FGE.
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- Oil prices slide on stronger dollar, potential Middle East tensions alleviation
March 28, 2024
Oil prices declined on Friday due to the potential for a ceasefire in Gaza, which could alleviate geopolitical tensions in the Middle East. Additionally, the stronger U.S. dollar and weakening demand for gasoline in the United States con...
- Nigeria's Dangote oil refinery could accelerate European sector's decline
March 27, 2024
Nigeria's giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping pressure on European refineries already at risk of closure from heightened competition, anal...