- 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 ...
- 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...
- 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...
- Crude oil market analysis and exclusive operation strategy
September 16, 2024
In a note to clients, FGE analysts highlighted disappointing global trade data for August, further confirming the weakening trend in oil demand.
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- WTI rises to near $68.50 due to output disruptions in the US Gulf of Mexico
September 13, 2024
FGE analysts estimated a larger drop of 60,000 bpd, bringing total output to 1.69 million bpd. Official reports indicated that nearly 42% of the region's Oil production had been shut in as of Thursday.
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