Energy
The GCFC is working to create an ecosystem that enables investments into low-carbon, sustainable, and resilient projects
However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
In April alone, consumption rose by 11.8 percent compared with the same period last year to total 35.46 billion cubic meters
EU recorded the largest jump in demand in Finland with a 25.6 percent increase
Domestic travel saw a 28 percent increase compared to 2019, fueling demand for gasoline
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
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
