demand

  • Trading Firm Trafigura Sees $100 a Barrel by 2019

    Trading Firm Trafigura Sees $100 a Barrel by 2019

    Monday, 8th October 2018

    Oil prices could reach $90 a barrel by Christmas and rise further to $100 a barrel before the new year, Trafigura’s Co-Head of Oil Trading Ben Luckock told a conference on September 24.

  • Saudi Arabia Cuts Oil Output after OPEC Low Demand Forecast

    Saudi Arabia Cuts Oil Output after OPEC Low Demand Forecast

    Tuesday, 14th August 2018

    Saudi Arabia was forced to cut oil production by more than 200,000 barrels per day (b/d) last month after OPEC’s forecasted demand figures were lower than expected, raising concerns about oversupply.

  • Electricity Loads to Decrease 0.8% Overnight

    Electricity Loads to Decrease 0.8% Overnight

    Thursday, 5th April 2018

    The Egyptian Ministry of Electricity and Renewable Energy has said that the improvement of temperature has helped to stabilize the electrical loads on the country’s national grid.

  • Electricity Loads Remain Stable

    Electricity Loads Remain Stable

    Tuesday, 20th March 2018

    The Egyptian Ministry of Electricity and Renewable Energy has said that the improvement of temperature has helped to stabilize the electrical loads on the country's national grid.

  • Egypt Aims to Cut LNG Imports

    Egypt Aims to Cut LNG Imports

    Sunday, 14th May 2017
    Egypt to defer contracted shipments this year and aims to cut back on purchases in 2018.
  • Algeria to Meet Oil Domestic Demand by 2024

    Algeria to Meet Oil Domestic Demand by 2024

    Sunday, 8th May 2016
    Algerian production of oil by-products will reach 45m tons in 2024, with the new refineries of Hassi Messaoud, Tiaret and Biskra going into operation, according to Algeria’s Minister of Energy, Salah Khebri.
  • UAE Struggles Over Predicting Ideal Oil Price for its Budget

    UAE Struggles Over Predicting Ideal Oil Price for its Budget

    Tuesday, 27th October 2015
    Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development
  • Qatar Energy Minister Predicts OPEC Oil Price Rebound

    Qatar Energy Minister Predicts OPEC Oil Price Rebound

    Tuesday, 13th October 2015
    US News & World Report cited Qatar's Energy and Industry, Minister Mohammed bin Saleh al-Sada as saying that oil prices have bottomed out ahead of an expected meeting of OPEC members and other oil producers later this month in Vienna.
  • Fright Rates Increase for East of Suez Dirty Tankers

    Fright Rates Increase for East of Suez Dirty Tankers

    Monday, 18th May 2015
    Freight rates for dirty tankers in the East of Suez market have gone up sharply to hit their highest level so far in 2015 last week, amid strong demand to move crude and fuel oil and spike in interest for floating storage, said sources Monday.
  • Oil Better-Supplied for First Time Since 2009, IEA Says

    Oil Better-Supplied for First Time Since 2009, IEA Says

    Thursday, 12th April 2012
    Oil markets are better-supplied for the first time since 2009 as ''sluggish'' demand and OPEC output at more than a three-year peak eased inventory depletion, according to the International Energy Agency.