OPEC is predicting record oil demand in 2018, reports Egypt Oil & Gas. Demand for crude oil will rise to 97.8 million barrels per day (b/d), an increase of 1.28 million b/d or 1.3% from 2017, according to OPEC’s A...
China’s oil demand growth is expected to drop to 3% in 2016 reflecting on the country’s economic slowdown, despite lowering oil prices, Bloomberg reported. According to Barclays’ analysts, oil demand...
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, The N...
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,...
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, reported Reuters. “The expectation is that the market will re...
Energy expert Daniel Yergin will deliver the keynote address at The Abu Dhabi International Petroleum Exhibition and Conference (Adipec), said Trade Arabia. ADIPEC 2015 is hosting its’ largest-ever conference pr...
The world’s largest exporter has chosen not to cut production, counting instead on lower prices to stimulate consumption, said Mohammad Al Sabban, an adviser to Saudi Arabia’s petroleum minister from 1988 to 2013. The...