Gulf Oil and Gas accountACCOUNT

Middle East Oil Demand in February 2014

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

Share |
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 >>

Austria >>  1/18/2017 - Monetary policies continue to have an important influence on the global economy and recent efforts by OPEC and some non-OPEC producers to rebalance th...
Austria >>  1/18/2017 - World oil demand was revised marginally up by 10 tb/d, to average 1.25 mb/d in 2016; as a result, total oil demand stood at 94.44 mb/d. This upward re...

Austria >>  1/18/2017 - Preliminary data indicates that the world’s oil supply decreased in December by 0.30 mb/d m-o-m to average 96.92 mb/d, but higher by 0.71 mb/d, y-o-y....
Austria >>  1/18/2017 - In December, preliminary data shows that US crude oil imports declined to average 7.8 mb/d, down by 42 tb/d from the previous month and down by 73 tb...

Iran >>  1/16/2017 - Official figures manifest that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago _ suggesting that...
China >>  1/12/2017 - China's crude oil demand will grow by 3.4 percent this year to a record of almost 12 million barrels per day (bpd), the country's top state-owned oil ...

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 |

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

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