Gulf Oil and Gas accountACCOUNT

Middle East Oil Demand in March 2012

Source: OPEC 3/28/2012, Location: Middle East

Total Gasoline Diesel oil Fuel oil Saudi Arabia is the largest oil-consuming country in the region and also has the highest annual growth in the Middle East. Given its energy-intensive projects, Saudi oil demand is expected to grow by 0.12 mb/d in 2012, to average 2.7 mb/d. Iran’s oil demand is not expected to grow this year; however, January’s decline in consumption was less than estimated. But it will drop slightly this year, losing 0.01 mb/d. Overall, Middle East oil demand is forecast to grow by 2.4% in 2012. The seasonality that plays a major role in oil consumption in the Middle East is the summer season, pushing third-quarter oil demand higher than any other quarter.

Economics/Financial Analysis News in Saudi Arabia >>

Oman >>  2/18/2019 - Global drilling and engineering contractor KCA Deutag (“KCAD”) announces that its land drilling operation has won new contracts and contract extension...
Qatar >>  2/18/2019 - Baker Hughes, a GE company, the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP)...

Saudi Arabia >>  2/15/2019 - Saudi Aramco and National Oilwell Varco Incorporated (NOV) recently held the first Arabian Rig Manufacturing (ARM) Board of Managers meeting. ARM is a...
United Arab Emirates >>  2/2/2019 - The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding an onshore block – known as Onshore Block 3 – to US based international oil a...

United Arab Emirates >>  1/27/2019 - The Abu Dhabi National Oil Company (ADNOC) signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new tradin...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.