Gulf Oil and Gas accountACCOUNT

Middle East Oil Demand in September 2012

Source: OPEC 11/1/2012, Location: Middle East

Oil consumption within the Middle East has been growing by around 0.2 mb/d or 2.8% annually. Most of the growth is attributed to the transport and industrial sectors. Despite a reduction in Iran’s total energy use, the country’s total oil demand for the year is forecast to be flat.

The partial removal of gasoline subsidies in domestic consumption has led to the easing in the country’s use of gasoline. The excessive summer heat led to massive fuel demand by power generation in Saudi Arabia in August. The country’s fuel and diesel oil demand rose by 56% and 16%. Both the power sector and summer transport fuel demand drove up the country’s total oil demand by 14% y-o-y or 0.3 mb/d during the month. The Middle East will consume 7.8 mb/d at the end of 2012, denoting growth of 0.2 mb/d y-o-y.

Financials and Investment News in Saudi Arabia >>

Morocco >>  5/22/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to provide an update on its strategy and operations. ...
Georgia >>  5/17/2019 - AIM-listed Block Energy, the exploration and production company focused on the Republic of Georgia, has completed a placing of 109,090,000 new Ordinar...

Saudi Arabia >>  5/17/2019 - Marubeni Corporation (hereinafter “Marubeni”) is pleased to announce that in April 2019, Shuqaiq Three Company For Water, owned by Marubeni, Acciona ...
South Korea >>  5/17/2019 - EnscoRowan has announced that an arbitration tribunal has awarded the Company $180 million in damages in its proceedings againstSamsung Heavy Industri...

United States >>  5/14/2019 - TGS-NOPEC Geophysical Company has announced that reflective of the Company’s strong financial and liquidity position and improving market outlook, the...
United States >>  5/10/2019 - Atlantica Tender Drilling Limited has received credit approvals from a syndicate of new and existing lenders for a new 4-year USD 100 million first li...

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

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