- Oil set to end week lower on demand concerns, easing supply woes
August 23, 2024
"Bullish fundamentals continue to play second fiddle to weakening sentiment, with the oil market unable to shake off its recent bearish tendencies," analysts at consultancy firm FGE said in a note to clients.
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- Oil Prices Remain Vulnerable to Demand Fluctuations
August 23, 2024
“Bullish fundamentals continue to play second fiddle to weakening sentiment, with the oil market unable to shake off its recent bearish tendencies,” energy consultancy FGE said as quoted by Reuters.
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- Oil prices to end week lower amid demand and easing supply concerns
August 23, 2024
Analysts at consultancy firm FGE noted that despite some bullish fundamentals, weakening sentiment continues to dominate the oil market. The push for a ceasefire between Israel and Hamas has also eased supply concerns, contributing to th...
- China's Diesel Demand Drops 11%
August 21, 2024
Consultancy FGE estimates that LNG will displace 110,000 to 120,000 barrels per day of diesel demand in China this year and the next.
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- Europe Faces Diesel Deluge as Giant Supertankers Bring Fuel
August 19, 2024
“Shipping diesel from East to West got exorbitantly expensive after the Red Sea attacks,” said Eugene Lindell, head of refined products at consultant FGE. “Faced with worsening economics, traders got creative and started cleaning up dirt...