- Iran sounds alarm on gasoline shortage
November 07, 2024
Work is underway to bringing online an additional fourth train at the Persian Gulf Star (PGS) condensate splitter, and on a 60,000 b/d splitter that made up just one part of the now shelved Siraf project. Consultancy FGE expects th...
- Diesel Set For Growing Glut as Demand Falters
November 05, 2024
Europe’s consumption will also get a shot in the arm from an environmental rule coming into force next May that will push ships toward using diesel-type fuel — though it won’t be enough to stop an overall annual demand drop, accordin...
- 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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