demand | Egypt Oil & Gas - Part 2
Shell Expects 2024 Global Aviation Fuel Demand to Return to Pre-Pandemic Levels
The head of aviation at Shell 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, Reuters reported. While Europe’s consumpt...
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 inflation, R...
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, Reuters reported. “All the texts that have been signed are clear. This i...
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 the summer months. The company elaborated the adjusted permits from Norway’s Ministry of Pe...
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, according to Reuters. The incre...
Saudi Arabia Cuts Oil Output after OPEC Low Demand Forecast
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, The Telegraph rep...
Electricity Loads to Decrease 0.8% Overnight
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, Amwal Al Ghad reports. The maximum de...
Electricity Loads Remain Stable
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, Amwal Al Ghad reported. The min...
