oil supply | Egypt Oil & Gas
Saudi East-West Pipeline Closure Puts 4% of Global Oil at Risk
Saudi Arabia could run out of oil stocks available for export within days if it fails to restart its East-West pipeline to the Red Sea, potentially removing up to 4% of global oil supply, according to Saudi oil buyers...
Aramco Reroutes Asian Crude Shipments via Fujairah Amid Hormuz Disruptions
Saudi Aramco is holding private talks with several Asian refiners to supply crude oil through ship-to-ship (STS) transfers off Fujairah in the UAE, as producers seek alternative routes amid continued disruptions to sh...
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...
IEA Raises Concerns Over EU Methane Rules’ Impact on Oil Imports
The International Energy Agency (IEA) has cautioned that the European Union’s (EU) upcoming methane emissions requirements could significantly reduce the range of crude oil available to European refiners, raising conc...
IEA Warns of Oil Supply Deficit in 2026
Global oil supply is expected to fall short of demand this year, as the war in Iran severely disrupts Middle East production, Reuters reported citing the International Energy Agency’s (IEA) monthly oil market report. ...
South Korea Nears Oil Supply Deal with Kazakhstan Amid Middle East Disruptions
South Korea is close to securing crude oil supplies from Kazakhstan, as Seoul steps up efforts to diversify energy sources amid ongoing conflict in the Middle East, the country’s industry minister announced, according...
Oil Supply Growth to Outpace Demand Amid Iran-Israel Tensions: IEA
The International Energy Agency (IEA) released a report on the oil market medium-term outlook, where it expected structural changes in the oil market amidst the outbreak of the Israel-Iran conflict. It forecasted that...
Iraq’s Fuel Oil Exports to Hit Record Year Following Surge in October Volumes
Iraq’s fuel oil exports are poised to achieve all time highs this year, driven by the country’s ramp up shipments in October. This surge comes as domestic demand eased and production rose, according to Reuters. ...
