FGE Middle East

تتابع الأسواق العالمية بترقب حذر ردود الفعل الإسرائيلية على الضربة الإيرانية الأخيرة، ما أدى إلى تسجيل أسعار النفط مكاسب أسبوعية ملحوظة. حيث يتداول خام برنت قرب 79 دولارا للبرميل، ويشير د. إيمان ناصري، المدير التنفيذي لـ FGE Energy، إلى أن التوترات الجيوسياسية المستمرة في المنطقة تعزز من تذبذب أسعار النفط وعدم استقرار الأسواق Global markets are cautiously watching Israel’s response to the latest Iranian strike, sending oil prices into a notable weekly gain. Brent crude is trading near $79 a barrel, and Dr. Iman Nasseri, Managing Director, Middle East, FGE points out that ongoing geopolitical tensions in the region are adding to oil price volatility and market instability You can watch the full interview here https://asharq.co/pjqez Asharq الشرق #oil #Iran #OilPrice #CrudeOil#

Catch Managing Director of FGE Middle East Dr Iman Nasseri speaking at The Arab Gulf States Institute in Washington as he gives his insight alongside fellow guest speakers on 'Oil Prices Between Regional Conflict and the U.S. Presidential Election' 'The geopolitical maelstrom that has been swirling in the Middle East since October 7, 2023 has had little impact on oil prices because there has been no significant disruption to supplies and demand has been tepid. However, the price of oil shot up after Iran launched a barrage of missiles against Israel October 1 and moved even higher in the days that followed in anticipation of Israel’s response. If Israel targets Iran’s energy infrastructure, it could remove a sizeable supply of oil from the market. What are the energy security implications of such a scenario, and what further measures should oil consuming countries take to ensure that the crisis caused by the war in Ukraine in 2022 is not repeated? Will it prompt import-dependent countries to beef up inventories, pushing prices even higher? Will it accelerate the energy transition away from fossil fuels? What impact would an oil supply and price shock have on the global economy? Can the market cope with the loss of an estimated 1.6 million barrels per day of Iranian crude oil? What are the long-term implications of the escalation in the Middle East on the oil and gas markets? With the U.S. presidential election just weeks away, would higher gasoline prices become a liability for the Democratic Party?' Register your place here: https://fgner.gy/3Y0cj2h #US #Geopolitics #OilMarket #PresidentialElection

“The global oil market is in transition; when you get to the peak demand and a declining, shrinking market, you have to think more commercially to be more competitive,” said Iman Nasseri, managing director of Middle East at FGE. - in a recent AGBI - Arabian Gulf Business Insight article Read the full article here: https://fgner.gy/3YhATNI #Oil #OilMarket #MiddleEast #Energy

Iran's crude exports have rebounded sharply from less than 500,000 barrels per day in 2019 after the reimposition of US sanctions. They hit some 1.6 million b/d in August and September, according to Iman Nasseri, Managing Director, Middle East at consultancy FGE. Nasseri believes some 1.4 million b/d of Iranian crude went to China in September and that those volumes could rise unless Israel launches retaliatory strikes that hit Iran's export infrastructure and disrupt flows. "What I see happening as we speak is that a new market in China is emerging, which is the mega-independents that previously didn't touch Iranian crude as well as some of the NOCs that have started buying it," he told Energy Intelligence. Please click here to read the full article https://fgner.gy/4ewfzd1 #oil #OOTT #Iran #Israel

Clients and friends in the #UAE/#MiddleEast, let's meet up on the sideline of the #ICE event, where #FGE president and other great panelists come together to share market outlook and insights with us.

In light of numerous client inquiries and the prevalence of misinformation circulating in the media—often utilizing inaccurate or outdated data—we have compiled this concise overview of key aspects of Iran's energy sector. This is intended to assist clients in their analysis of the potential impact of an Israeli attack on Iran's energy infrastructure. To learn more request a trial here: https://lnkd.in/dGfc2nYg

#Iran’s #refining sector is one of the largest in the Middle East, with a combined operational capacity of more than 2.5 mmb/d. This has risen by about 400 kb/d over the past four years, partly to help meet domestic requirements for transportation fuels such as gasoline and diesel, but also in response to US sanctions. "That has all happened to convert as much crude and condensate into product as possible because they can sell every barrel of surplus product easily in the market," says Iman Nasseri, Middle East managing director of consultancy FGE. ... Iranian officials have said the Persian Gulf Star (PGS) refinery meets around 40% of the country’s gasoline needs, producing an average of 40 million liters per day of the fuel. A new 120 kb/d train is planned at the plant, which Nasseri says could be added next year. ... Iran is now importing #gasoline to the tune of 30,000-50,000 b/d, and that could rise, according to FGE's Nasseri, who notes that the oil product is cheaper than bottled water in Iran.

Iran’s refining sector is one of the largest in the Middle East, with a combined operational capacity of more than 2.5 million barrels per day. This has risen by about 400,000 b/d over the past four years, partly to help meet domestic requirements for transportation fuels such as gasoline and diesel, but also in response to US sanctions. "That has all happened to convert as much crude and condensate into product as possible because they can sell every barrel of surplus product easily in the market," says Dr Iman Nasseri, Managing Director, Middle East, FGE. The full article can be accessed here...https://fgner.gy/3TUyp4Y #Iran #MiddleEast #refining #OOTT #oil

Please let us know if you are coming to Fujairah over the next 2 days to fix a meeting with the FGE team who are attending the Forum. #EMFWEEK24 #EnergyMarkets #Fujairah Gulf Intelligence

A big thank you to everyone who attended our 40th Anniversary celebration in Singapore last week during #APPEC week. We were touched to see so many esteemed clients at our briefing and reception. Singapore was where FGE's international operations began all those years ago, and it will always hold a very special place in our hearts. We would like to extend a warm thank you to Mike Muller, Brant Fish, Jane Liao, Mark Abbotsford and Steve Hill for their participation and contribution to our fireside chats on the oil and LNG markets. #FGEat40 #event #singapore #Oil #LNG