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 >>

Egypt >>  2/23/2017 - The Iraqi Oil Marketing Company SOMO has signed a contract for oil exports with the Egyptian government. The company forwarded the contract to the Pet...
Iraq >>  2/21/2017 - Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading....

Iraq >>  2/21/2017 - Mr. Jabbar A. Allibi the minister of oil signed a memorandum of understanding with his Iranian counterpart Mr. Beigin Zangana to establish joint commi...
Libya >>  2/21/2017 - Rosneft PJSC signed investment and crude-purchasing agreements with Libya’s National Oil Corp. as more international companies return to the North Afr...

Iran >>  2/19/2017 - Belaruss BelOil Polska had purchased 600,000 barrels of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in Febr...
Iran >>  2/18/2017 - Polands second-biggest refiner Lotos is eying for sealing a long-term oil supply deal with Iran. Lotos Chief Executive Officer Marcin Jastrzebski sta...

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.