- Europe’s Ailing Diesel Demand to Get Help From New Rule on Shipping Pollution
October 29, 2024
"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 ...
- US sanctions unlikely to stop Iran’s oil smugglers
October 23, 2024
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...
- Heightened Egyptian demand in tight market buoys European fuel oil prices
October 17, 2024
"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.
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- Return of Libyan exports weighs on European crude market
October 16, 2024
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...
- Iran's resilient LPG exports face growing threat
October 15, 2024
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...