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Middle East Oil Demand in April 2013

Source: OPEC 4/23/2013, Location: Middle East

Saudi Arabian oil demand in February witnessed a remarkable rise of 12% y-o-y, as a result of increasing requirements for industrial and transportation fuels, while, as in January, mild weather implied less direct crude burning. Oil consumption in Kuwait grew by 1.2% in February, following 1.6% growth in January.

For 2012, Middle East oil consumption grew by 0.25 mb/d, as a result of the economic turbulence in several of the region’s economies. In 2013, it is projected to increase again, by 0.28 mb/d, to average 7.9 mb/d.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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