demand | Egypt Oil & Gas
Badawi Reviews Gas Supply Plans for the second half of Summer
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, reviewed the operating position of the national natural gas network and the plans to secure supplies during the second half of summer. Badawi inspecte...
OPEC Cuts 2026 Oil Demand Forecast Amid Strait of Hormuz Closure
The Organisation of Petroleum Exporting Countries (OPEC) reduced its forecast for global oil demand growth in 2026, citing the impact of the ongoing war in Iran, which has effectively closed the Strait of Hormuz, a c...
Europe Rooftop Solar Demand Surges Amid Energy Market Turmoil
Demand for rooftop solar systems across Europe has risen sharply following the outbreak of the war in Iran, as households increasingly seek protection from escalating power costs driven by severe global energy market ...
World Oil Production Expected to Increase to 105.8 mmbl/d in 2025: IEA
The International Energy Agency (IEA) forecasted a rise in global oil production by 2.7 million barrels per day (mmbl/d), to record 105.8 mmbl/d in 2025, as a reflection of the OPEC+ decision to ease back its earlier ...
Oil Supply Growth to Outpace Demand Amid Iran-Israel Tensions: IEA
The International Energy Agency (IEA) released a report on the oil market medium-term outlook, where it expected structural changes in the oil market amidst the outbreak of the Israel-Iran conflict. It forecasted that...
OPEC SG Urges Increase in Oil Production Due to Optimistic Demand Outlook
OPEC Secretary General Haitham Al Ghais stated that OPEC is optimistic about demand and asserts the necessity to increase production, Reuters reported. Al Ghais elaborated that OPEC predicts that year-on-year demand w... OPEC Secretary General: Global Energy Demand to Rise 23% by 2045
OPEC, Organization of the Petroleum Exporting Countries, anticipates that global energy will increase by 23% by 2045 and overall demand will surge to 110 million barrels per day, according to Haitham Al Ghais, OPEC...
OPEC Expects Chinese Oil Demand to Rebound
OPEC forecasted that China’s COVID-19 restrictions would be relaxed this year, which will boost global growth. The organization also sounded optimistic about the prospects for the global economy in 2023, Reuters...
