IEA Cut Oil Demand Expectations for 2025
The International Energy Agency (IEA) announced that the global oil demand growth forecast for 2025 has been revised down to 730,000 bbl/d, decreasing by 300,000 bbl/d from the March report.
OPEC | Egypt Oil & Gas - Part 3
OPEC Lowers Forecast for Oil Demand in 2025
The Organization of the Petroleum Exporting Counties (OPEC) announced that it revised down the oil demand growth expectations for 2025 to 1.3 million barrels per day (mmbbl/d) compared to last year.
OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May
The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (b/d), equivalent to three monthly increments, in May 2025.
Indian State Refiners Eye Middle East Crude to Offset Russian Supply Shortfall
Indian state refiners are considering tapping into the Middle East crude market as spot supply from their top supplier, Russia, have fallen, according to Reuters. The three major state refiners, Indian Oil Corp, B ...
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.
Badawi, OPEC Secretary General Hold Talks on Role of Fossil Fuels in Global Energy Mix
Minister of Petroleum and Mineral Resources Karim Badawi has reviewed the role of fossil fuels in the global energy mix in light of global trends towards the energy transition.
Badawi, Al Ghais Highlight OPEC’s role in Promoting Stability in Global Oil Market
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and OPEC Secretary General Haitham Al Ghais held a bilateral meeting in Abu Dhabi on the sidelines of ADIPEC 2024.
Badawi Wishes OPEC Prosperity, Progress in its 64th Anniversary
On the occasion of the 64th anniversary of the founding of the Petroleum Exporting Countries (OPEC), Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, issued a statement wishing Haitham Al-Ghais, ...
Iran Rises in Oil, Gas Condensates Exports
Iran has become the fourth largest oil exporter, accounting for 9% of OPEC's total crude oil and gas condensate exports, according to IRNA news agency.
El Molla Participates in EGYPES 2024 Energy Transition, Decarbonization Panel Discussion
Minister of Petroleum and Mineral Resources Tarek El Molla has stated that a successful energy transition and the expansion of renewable energies require the provision of adequate funds, real commitment, and new t ...
