Global oil demand will continue rising in the next 25 years to reach 120 million barrels per day, which is 24 per cent higher than its current level, according to Haitham El-Ghais, the secretary-general of the Org ...
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.
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.
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 ...
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.
Oil demand will remain strong without being affected by US-China trade tensions, said Khalid Al-Falih, Saudi Arabia’s Oil Minister.
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.
