Expectations | Egypt Oil & Gas
OPEC: Global Oil Demand Growth to Accelerate to 2.2 mmbbl/d in 2027
Global oil demand is forecast to increase by 0.6 million barrels per day (mmbbl/d) in 2026, year on year (YoY), according to the Organization of the Petroleum Exporting Countries (OPEC), following a slight downward re...
EIA: 600,000 bbl/d of Middle East Oil Output May Remain Offline Through 2027
Some oil producers in the Middle East may face difficulties restoring production to pre-conflict levels by the end of 2027, even if regional trade and shipping activity gradually return to normal early next year, acco...
OPEC+ Set to Approve Further Output Hike for July Despite Ongoing Supply Disruptions
OPEC+ oil-producing countries are expected to approve an additional increase in their production target for July during their upcoming meeting on Sunday, three sources told Reuters, even as geopolitical tensions and s...
Saudi Crude Exports to China Expected to Hit Record Low in June
Saudi Arabia’s crude oil exports to China are set to decline further in June, as Chinese refiners reduce demand in response to higher prices linked to US –Iran tensions, industry sources said to Reuters. Saudi Aramco ...
SLB and Baker Hughes Anticipate Production Capacity Expansion to Mitigate Energy Crisis
Leading oilfield services providers SLB and Baker Hughes expect a rise in global spending on oil exploration and production, as supply disruptions linked to the Middle East conflict underscore the need for greater inv...
Russia’s February Oil and Gas Revenues Seen Nearly Halving on Stronger Rouble
Russia’s state income from oil and gas is projected to fall sharply in February to around 410 billion roubles, nearly half the level recorded in the same month of 2025, according to Reuters estimates. The decline is a...
OPEC+ Set to Hike Output by 137,000 B/D in November
OPEC+ is expected to approve a production increase of at least 137,000 barrels per day (b/d) for November at its upcoming virtual meeting on October 5, according to three sources familiar with the discussions, Reuters...
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 ...
