Energy
Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week
OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Areas of collaboration included renewable energy, hydrogen, liquefied natural gas
Meanwhile, India and Indonesia continue to experience booming car sales
Al Ghais anticipates a rise in oil demand to 116 million barrels per day by 2045
Earnings to increase in the next two quarters as demand picks up during the summer driving season
TotalEnergies also announces final investment decision for Oman's Marsa LNG project
The exports are primarily driven by sales from bonded storage for vessels operating on international routes
Agreement addresses major obstacle to the project's final investment decision
Japan imports 95 percent of its oil from the Middle East
Libya's crude oil output reached 1.24 million barrels per day (bpd) in March 2024
The agreement is linked to the sale of crude oil from Niger's Agadem oilfield
Escalating geopolitical tensions and ongoing supply restrictions propel oil prices
China and U.S. demand boost prices amid Middle East conflict
OPEC bullish on oil demand in contrast to more bearish IEA forecast
Suggesting potential for even greater growth
Atomic energy breakthrough could revolutionize tech industries
OPEC to cut output by 2.2 mbpd while US production to increase to 13.3 mbpd
Saudi extends voluntary 1 mn bpd production cut through March
Policy-setting gathering moved from November 26 to November 30
Reversing Monday’s increase and outweighing potential additional supply cuts
OPEC+ has been reducing oil production by 5.16 million barrels per day
