oil demand

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

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

    Sunday, 4th October 2020

    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

    Saudi Aramco’s Profit Declines 73% in Q2

    Sunday, 9th August 2020

    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 drop of energy demand and prices given from coronavirus outbreak.

  • Saudi Arabia to Increase China’s Oil Exports

    Saudi Arabia to Increase China’s Oil Exports

    Monday, 4th March 2019

    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

    Global Economy, Oil Demand are Strong: Saudi Oil Minister

    Tuesday, 15th January 2019

    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

    IEA Raises Projections for Oil Demand

    Wednesday, 13th September 2017

    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 Expects Higher Oil Demand in 2018

    Sunday, 13th August 2017
    OPEC is predicting record oil demand in 2018.
  • China’s Oil Demand Growth Expected to Slow in 2016

    China’s Oil Demand Growth Expected to Slow in 2016

    Tuesday, 12th January 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 510,000b/d in 2015.
  • East Africa to Boost Home-Based Energy Production

    East Africa to Boost Home-Based Energy Production

    Monday, 7th December 2015
    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 Rise in Oil Demand

    Tuesday, 1st December 2015
    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.
  • OPEC and Experts Say Oil Prices to Recover in 2016

    OPEC and Experts Say Oil Prices to Recover in 2016

    Tuesday, 10th November 2015
    The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri announced on Monday.