- Airlines to shippers cast picture of fast-souring oil demand
May 01, 2025
Consultant FGE said this week that it now expects global diesel demand to decline versus a year earlier in the secopnd and third quarters as consumption slows, citing burgeoning impact of the trade war.
"This reflects noth wor...
- Middle East oil refining capacity on track to add 618,000 b/d by 2029
April 29, 2025
Middle East oil refineries are set to add 618,000 b/d of production capacity by 2029, turning the region inot a net exporter equal to about 6 million b/d by 2030 and approaching 7 million b/d by 2040, according to an analysis b...
- Gulf oil investment 'can weather price slump'
April 29, 2025
In the longer term, analysts warn of a potential supply gap.[...]The Opec group of oil producers, where Saudi Arabia is the biggest, has said at least $500 billion a year is needed through 2045 to avoid future shortfalls.“Chao...
- Oil demand growth to halve in wake of Trump tariffs
April 09, 2025
All of Trump tariffs, if not revoked through negotiations, could slow trade and reduce demand for transport and marine fuels, alongside broader industrial activity, Iman Nasseri, managing director at Facts Global Energy (FGE), ...
- China petchem plants face shutdown as tariffs on US LPG loom
April 09, 2025
Armaan Ashraf, global head of natural gas liquids at consultancy FGE, said tarifs could force Chinese PDH operators to cut average operating rates by nearly 15 percentage points and curb demand for propane from steam crackers a...