Expectations | Egypt Oil & Gas

OPEC+ Set to Hike Output by 137,000 B/D in November

OPEC+ is expected to approve another production hike of at least 137,000 barrels per day (b/d), at its upcoming meeting on Sunday, three sources familiar with the discussions told Reuters. The move comes as higher ...

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 earl ...

bp Projects Higher Upstream production in Q2 2025

bp, the British oil giant, posted higher expectations for upstream production during Q2 2025 compared to Q1 2025. The company projects higher oil production and operations primarily in bpx Energy, while slightly h ...

OPEC Lowers Forecast for Oil Demand in 2025

The Organization of the Petroleum Exporting Counties (OPEC) announced that it revised down the oil demand growth expectations for 2025 to 1.3 million barrels per day (mmbbl/d) compared to last year.

WB: Egyptian Oil, Gas Exports to Increase 30.6% by 2022/23

The World Bank (WB) has expected that Egyptian Oil & Gas exports will increase by 30.6% to $23.5 billion during the fiscal year (FY) 2022/23.

Russia’s Economy Ministry Expects $337.5B in Energy Export Revenue

According to a document from the Russian economy ministry, higher gas export volumes coupled with increasing gas prices will increase Russia's energy export revenue to $337.5 billion this year, up 38% from 2021.

Petronas Expects Doubling of LNG Tankers by 2030

A Senior Executive at Malaysia’s Petroliam Nasional Bhd (Petronas) expects increasing the number of liquefied natural gas (LNG) to more than double by 2030 driven by the shipping industry’s desire to cut emissions ...

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