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Key Gulf Futures Exchange Eyes China
...mains based in Dubai’s DIFC, the MoU was signed at STG’s headquarters in Riyadh and in the presence of STG CEO Khalid Abdullah al-Hussan. The two exchanges have a long history of partnership, with the GME having been tapped in 2014 by SHFE’s subsidiary, Shanghai International Energy Exchange (INE), to...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Saudi Slashes Jan-Feb Oil Burn; Can It Maintain The Progress?
...LUMES OF DIESEL. SOURCE: JODI, MEES. 2:....BUT THE FIRST TWO MONTHS OF 2025 HAVE SEEN SUBSTANTIAL GAINS WITH FEBRUARY OIL BURN* DOWN OVER 200,000 B/D YEAR-ON-YEAR FOR THE LOWEST MONTHLY FIGURE SINCE 2014 (‘000 B/D)... *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OIL BURNED IN PO...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Libya ‘Open For Business’ As Bid Round Eyes Global Majors
...delsadiq meanwhile hailed the relative stability the country has witnessed recently, with existing partners like Repsol and OMV, as well as Italy’s Eni, recently resuming drilling in Libya for the first time since 2014 (MEES, 1 November 2024). “This is crucial for encouraging investors and allowing fo...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
OPEC Secretary General: ‘Data-Driven Messaging More Important Than Ever’
...wever, the IEA’s subsequent Oil 2024 report (analysis and forecasts to 2030) sees gasoline demand exceed 2019 levels in the years 2023, 2024, 2025 and 2026 (MEES, 14 June 2024). There are also examples for other energies, such as coal, with past IEA talk of global peaks in 2014, and then in 2024 st...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
Iraq Targets 1.54mn B/D Refining Capacity With Relaunch Of 150,000mn b/d Missan Plans
...pacity since 2017, when the country was struggling to cope with the aftermath of the 2014 destruction of its largest refinery, the 290,000 b/d Baiji complex, by Islamic State (MEES, 26 September 2014). Mr Sudani says the new refining additions are part of his government’s efforts to maximize the value de...
Volume: 68Issue: 14Published at Fri, 04 Apr 2025