demand | Egypt Oil & Gas

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.

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, OPE ...

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 r ...

Cheniere Energy’s Revenues Increase Significantly as LNG Demand Skyrockets

The largest U.S. exporter of liquefied natural gas (LNG) Cheniere Energy announced that its third-quarter LNG income has more than doubled due to increased demand following Russia's invasion of Ukraine, Reuters re ...

OPEC Cuts 2022, 2023 Oil Demand Growth Forecasts Amid Slowing Economy

For the fourth time since April, OPEC reduced its projection for the rise in global oil demand in 2022 and lowered its estimate for the following year, citing weakening economies, the revival of China's COVID-19 c ...

Shell Expects 2024 Global Aviation Fuel Demand to Return to Pre-Pandemic Levels

The head of aviation at Shell (SHEL.L) said on that the demand for aviation fuel will reach its pre-pandemic levels of 300 million tons annually within the next one to two years.

OPEC Sticks to Its Strong Oil Demand Growth Forecasts for 2022, 2023

OPEC maintained its predictions for strong growth in global oil demand in 2022 and 2023, citing indications that major economies were performing better than anticipated despite challenges including rising inflatio ...

Macron Denies Russian Demand to Pay for Russian Gas in Roubles

French President Emmanuel Macron stated there are no reasons to give in to President Vladimir Putin’s demands to pay for Russian gas in roubles.

Equinor to Increase Natural Gas Supply to Europe Throughout the Summer

Equinor and its partners, together announced that they will intensify their production to meet the gas demand in Europe during summer months.

Trading Firm Trafigura Sees $100 a Barrel by 2019

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.

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