- Oil prices set to end week higher on US demand optimism
August 16, 2024
Crude prices are also being supported by lingering geopolitical risk.Analysts at consultancy FGE said oil markets would return their focus to geopolitics, amid warnings of retaliatory attacks from Iran against Israel over the killing of ...
- Nigeria Is Turning Into an Oil Market Juggernaut
August 15, 2024
“The refinery’s gasoline is unlikely to hit the market until at least September,” consultant FGE wrote this month, citing issues with some of the plant’s units.
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- This year crude prices will touch $85-87, but long-term, oil is headed to $70: Dr Fereidun Fesharaki
August 13, 2024
Dr Fereidun Fesharaki, Founder & Chairman, FGE, says the long-term oil price will be about $70 a barrel in real terms and this view holds for the next 20 years. Increasing carbon costs are supporting crude prices. But we do not see t...
- China's weak diesel consumption squeezes outlook for oil demand
August 02, 2024
In a note to clients, FGE analysts said, "Despite the end of peak refinery maintenance, persistently weak diesel demand and a slowdown in gasoline consumption provided little incentive for refiners to ramp up."
They added, "There is no ...
- Oil set to fall for fourth week as demand concerns weigh on sentiment
August 02, 2024
"Markets continue to remain wary of Chinese oil demand after June data came in weaker-than-expected," analysts at consultancy firm FGE said.
Still, the outlook for Chinese crude oil imports is brightening, FGE analysts noted, citing a...