oil demand | Egypt Oil & Gas

Sources in OPEC Expect Possible Slowdown in Global Oil Demand Next Year

According to OPEC delegates and industry insiders, global oil demand growth will decelerate in 2023, as rising crude and fuel prices help push up inflation and act as a drag on the global economy.

Number of US Oil, Gas Rigs Rises for Third Consecutive Week

US energy firms have added oil and gas rigs for a third week in a row following oil price increases, something that has not been seen since October 2018.

Saudi Aramco’s Profit Declines 73% in Q2

The major Saudi oil company, Aramco reported that its profit declined by 73% to 24.6 billion riyals in the second quarter of 2020 compared to 92.6 billion during the same period of the previous year  , because of ...

Saudi Arabia to Increase China’s Oil Exports

The Kingdom's crude exports to China is expected to increase, reaching 1.5 million b/d during Q1 2019, up from one million b/d at the same period a year before.

Global Economy, Oil Demand are Strong: Saudi Oil Minister

Oil demand will remain strong without being affected by US-China trade tensions, said Khalid Al-Falih, Saudi Arabia’s Oil Minister.

IEA Raises Projections for Oil Demand

The International Energy Agency (IEA) increased its growth estimate for global oil demand in 2017 to 1.6 million barrels per day (b/d) from 1.5 million b/d.

OPEC Expects Higher Oil Demand in 2018

OPEC is predicting record oil demand in 2018.

China’s Oil Demand Growth Expected to Slow in 2016

China's oil demand growth is expected to drop to 3% in 2016 reflecting on the country's economic slowdown, despite lowering oil prices. Oil demand rise is estimated at merely 300,000b/d this year, compared to 510,000 ...

East Africa to Boost Home-Based Energy Production

East Africa's demand for oil, gas, and petrol is expected to increase by 8%, while liquefied petroleum gas (LPG) reaches double digits growth, amid regional attempts to expand home-based energy production.

South Korea Foresees Rise in Oil Demand

South Korea foresees an increase in oil products demand by 2 % in 2016, after a rise by 2.5 % on year in 2015, the country's state-run think tank, the Korea Energy Economics Institute (KEEI) announced this week.

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