Gulf Oil and Gas accountACCOUNT

Middle East Oil Demand in April 2014

Source: OPEC 4/16/2014, Location: Middle East

In the Middle East, oil demand is anticipated to continue growing in 2014 at a stable rate, increasing by 0.31 mb/d above the 2013 total consumption levels. Similar to 2013, most of this growth is expected to come from Saudi Arabia, with expected growth of 0.15 mb/d.

In Saudi Arabia, oil consumption in 2014 began with oil growth of around 0.1 mb/d or around 5% y-o-y. Most of this growth is directed towards other products, direct crude burning and jet/kerosene, indicating improvements in the industrial and aviation sectors.

Similarly, oil demand figures for January 2014 in Iraq were encouraging with growth of approximately 80 tb/d, an increase of around 12% y-o-y. The bulk of this growth originated from crude oil burning for power generation with moderate growth also in transportation fuels, namely jet/kerosene and diesel oil.

In 2013, Middle East oil demand grew by 0.28 mb/d, while in 2014, it is projected to increase by 0.31 mb/d.

Oil News in Saudi Arabia >>

Nigeria >>  2/11/2019 - Sirius Petroleum, the Nigeria-focused oil and gas development and production company, is pleased to announce that it has entered into a Crude Handling...
Austria >>  2/6/2019 - During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volati...

Venezuela >>  1/30/2019 - Oil prices rose on Jan. 29 after Washington imposed sanctions on state-owned Venezuelan oil company PDVSA in a move likely to curb the OPEC memberís c...
Iraq >>  1/28/2019 - Iraqi Oil Minister Thamir al-Ghadhban said that Iraq will supply neighboring Jordan with oil in accordance with a memorandum of understanding (MOU) to...

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.