Gulf Oil and Gas accountACCOUNT

Middle East Oil Demand in November 2013

Source: OPEC 11/23/2013, Location: Middle East

In Saudi Arabia, the first three quarters of 2013 indicate 2.1% y-o-y growth in oil demand. Strong growth in the road transportation sector, supported by solid gains in auto sales, led to higher demand for diesel and gasoline, while fuel oil has been replacing crude oil in direct burning for electricity generation. Oil demand also grew solidly in Iraq during August 2013, as a result of increasing direct crude burning for electricity generation and rising LPG and jet fuel requirements, which more than offset declining gasoline and fuel oil demand. Latest September Qatari data show oil demand increasing by almost 5% y-o-y, with diesel and LPG accounting for the bulk of the increase. The outlook for 2013 and 2014 Middle East oil demand remained unchanged from the previous month’s projections.

Middle East oil demand is expected to grow by 0.29 mb/d in 2013 and 0.31 mb/d in 2014, in line with higher economic expectations.

Oil News in Saudi Arabia >>

India >>  5/11/2019 - Indian refiners are about to get two very large crude carriers carrying 4 million barrels of Iranian oil this month - one each at Paradip in the east ...
Iran >>  5/11/2019 - China’s oil imports from Iran climbed to the highest in eight months in April which saw countries stock on Iranian crude before exemptions from US san...

Iran >>  4/23/2019 - China has slammed US plans to tell it and other countries to stop buying Iranian oil or face sanctions, saying Beijing's cooperation with Tehran is in...
United Arab Emirates >>  4/23/2019 - The Abu Dhabi National Oil Company (ADNOC) has signed another significant long-term sales agreement with an important end-user consumer - the Indian O...

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.