Downstream
2024, May, 15, 06:55:00
GLOBAL OIL DEMAND +2.2 MBD
The global oil demand growth forecast for 2024 remains broadly unchanged from last month’s assessment at 2.2 mb/d.
2024, February, 16, 06:55:00
GLOBAL OIL DEMAND 2024: +2.2 MBD
The global oil demand growth forecast for 2024 remains unchanged from last month’s assessment at 2.2 mb/d.
2024, February, 13, 06:35:00
GERMAN - RUSSIAN NATIONALISATION
In a statement, Rosneft’s law firm Malmendier Legal said such an expropriation would be “unprecedented in Germany’s post-war history” and that the Kremlin-controlled company would take “all necessary measures” to protect the rights of its shareholders.
2024, February, 2, 06:55:00
INDIA NEED OIL REFINING
India’s refining capacity is projected to increase by 56 million tons by 2028, Junior Oil Minister Rameswar Teli said last month, without elaborating. That equates to an overall capacity boost of 22%, or 1.12 million barrels a day.
2024, February, 2, 06:50:00
INDIA NEED MORE COAL
India recorded a peak electricity demand of 243 gigawatts last year, exceeding the power ministry’s projections of 229 gigawatts and prompting the ministry to push for more coal power. Maximum demand is expected to jump to 366 gigawatts by 2032.
2024, January, 22, 06:55:00
GLOBAL OIL DEMAND 2025: +1.8 MBD
The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.
2023, December, 15, 06:50:00
RUSSIAN OIL PROCESSING DOWN
The nation’s plants processed 5.33 million barrels of crude a day in the first six days of the month, down about 81,000 barrels a day from the prior week’s average, according to a person with knowledge of industry data.
2023, November, 22, 06:45:00
GLOBAL OIL DEMAND WILL UP BY 2.5 MBD
The world oil demand growth forecast for 2023 is revised up marginally from the previous month’s assessment to 2.5 mb/d.
2023, September, 12, 08:50:00
EUROPEAN INDUSTRIAL CRISIS
The record-high prices that were triggered by Russia’s squeeze on deliveries last year are now gone, but worsening economic conditions are hitting demand just as hard. Gas usage across Europe’s industrial landscape is projected to remain about 20% below 2021 levels.
2023, April, 14, 07:40:00
GLOBAL OIL DEMAND WILL UP BY 2.3 MBD ANEW
For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.
2023, March, 24, 07:35:00
GLOBAL OIL DEMAND WILL UP BY 2.3 MBD
For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.
2023, January, 20, 11:35:00
RUSSIAN DIESEL FOR EUROPE
As a result, Russian diesel makes up 27% of Europe's total 1.69 million b/d of imports in the period, the data showed.
2023, January, 9, 12:25:00
GERMANY'S GAS CONSUMPTION DOWN
Germany exported around 501 TWh of natural gas in 2022 (749 TWh in 2021). As a result, at 948 TWh, more natural gas was available in Germany in 2022 than in 2021 (902 TWh).
2022, November, 18, 10:50:00
ARAMCO, S.KOREA OIL INVESTMENT $7 BLN
Aramco is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate, in line with the company’s strategy to maximize the crude to chemicals value chain.
2022, October, 27, 15:20:00
GLOBAL GAS CONSUMPTION WILL UP
Further in 2023, consumption is forecasted to increase by up to 1.1% driven by China, South and South East Asia and the Middle East.