Gulf Oil and Gas accountACCOUNT

Middle East Oil Demand in February 2014

Source: OPEC 3/12/2014, Location: Middle East

In Saudi Arabia, December 2013 oil demand was dominated by gains in all product categories, notably gasoline, gas/diesel oil and residual fuel oil. Moreover, direct crude burning for electricity generation increased for the first month since July 2013.

Oil demand grew in Iraq during November 2013, with direct crude burning for electricity generation taking the bulk of these increases. Gains were partly offset by declining demand in other product categories, especially jet fuel/kerosene and gasoline.

The latest December 2013 Qatari and Kuwaiti data shows oil demand increasing y-o-y, with fuel oil in Kuwait and jet fuel in Qatar, being the products accounting for the greater part of these increases. The outlooks for 2014 Middle East oil demand remained unchanged since the previous month’s projections, with risks being equally distributed both to the upside and downside.

For 2013, Middle East oil demand grew by 0.29 mb/d, while in 2014, it is projected to increase by 0.31 mb/d.

Oil News in Saudi Arabia >>

Russia >>  3/14/2019 - LUKOIL has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CP...
Venezuela >>  3/13/2019 - India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, said it had halted supply of diluents to Venezuela’s national oil c...

Russia >>  3/11/2019 - Specialists of Rosneft United Research and Development Centre (part of the corporate R&D complex of Rosneft) together with LLC RN-Lubricants (a subsid...
Tunisia >>  3/11/2019 - Panoro Energy ASA is pleased to provide an update on lifting operations in Tunisia. The first cargo of approximately 151,000 barrels of Rhemoura blend...

Austria >>  3/6/2019 - Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC-led pro...
Austria >>  2/26/2019 - Oil prices rose after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pres...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


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

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.