- Saudi Arabia cools down by raising imports of Russian oil
August 01, 2024
“The increased demand for fuel oil in the Saudi power sector can be attributed to an unusually hot summer,” Palash Jain, Middle East oil analyst at Facts Global Energy, told AGBI.
Jain said that, in addition, the Saudi Aramco Shell ...
- Why Falling U.S. Inventories Fail To Lift Oil Prices
July 30, 2024
“Although the latest EIA weekly stocks data have helped flip the month-to-date July observable on-land stocks trends from a build to a small overall draw, while recent US gasoline demand has looked much stronger, oil markets remain in ri...
- Oil prices fall as strong dollar, worries over China weigh on sentiment
July 19, 2024
Analysts at consultancy firm FGE, though, said broader inventory trends look more bearish than expected this month. They noted U.S. crude stocks have drawn at a slower-than-usual pace for this time of the year and global fuel stocks rose...
- Africa's Largest Oil Refiner Set for Public Listing
July 15, 2024
The Dangote refinery expects to export diesel to customers in Europe, as well as gasoline to Latin American and African markets. However, production of Euro V gasoline, the gasoline complying wth Europe's emissions standards, is not expe...
- Could China Deliver a Bearish Shock to Oil Markets?
July 09, 2024
“Rising crude prices could further dampen China’s crude-buying appetite,” Mia Geng, analyst at energy consultancy FGE, told Bloomberg. “Although we expect China’s crude imports to move sideways in the third quarter at around 11 million b...