Egypt’s Ministry of Petroleum and Mineral Resources has announced 18 new oil and gas discoveries across the New Delta, Eastern Desert, and Western Desert, marking one of the strongest exploration years since the pandemic. ...
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Saudi Arabia's crude oil exports in August rose to their highest level in six months, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. Crude exports increased to 6.407 million barrels per day (bpd) from 5.994 million bpd in July, marking their highest level since February 2025. ...
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Saudi Arabia’s demand for key oil-based power generation fuels fell by an average of 270,000 b/d during June and July. The soft start to the 2025 summer cooling season suggests early progress toward the Kingdom’s long-term goal of curbing oil use in power generation, utilities, and agriculture. ...
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Saudi Arabia’s domestic oil consumption for power generation is showing early signs of structural decline, signaling steady progress toward its Vision 2030 goal of eliminating oil use from its electricity mix. ...
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OPEC+'s continued oil output increases are eroding the group's spare production capacity, a vital cushion that has helped to mitigate volatility in recent years. Energy traders may therefore face rockier days ahead. ...
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Saudi Arabia's oil product output and refinery crude intake were at the highest on record in July. The latter was 2.98mn b/d, according to the Joint Organisations Data Initiative (Jodi), whose data go back to 2002. This was up by around 10pc from June, when there was maintenance work at the 400,000 b/d PetroRabigh refinery, and was 24pc higher than July 2024. ...
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Saudi Arabia's crude oil exports rebounded in July to 5.73 million barrels per day (bpd) from a record low in June, official data showed on Thursday. At 4.98 million bpd, crude exports in June were the weakest on record, according to data from the Joint Organizations Data Initiative (JODI) stretching back to 2002. ...
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Saudi Arabia’s oil export revenues have risen after hitting a low in May as higher oil production due to OPEC+ quota increases and a price recovery led to higher earnings. With gas production rising, the kingdom is on track to satisfy growing demand for gas for electricity generation and curb the costly and environmentally harmful practice of burning oil to generate power, thereby freeing up more crude oil for export. ...
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The Egyptian Natural Gas Holding Company (EGAS) has signed a preliminary agreement with BP to drill five new gas wells in the Mediterranean Sea, Egypt’s Petroleum Ministry said yesterday. The memorandum of understanding signed by state-owned EGAS comes as part of the ministry’s efforts to boost exploration and production. ...
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Global oil demand jumped in June by more than 1 million barrels per day (bpd) from May, while production growth has half that figure, leaving inventories at below the five-year averages, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday. ...
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The world’s natural gas production fell in May compared to April, driven by lower output in Russia, the United States, and Norway, according to the latest data by the Joint Organizations Data Initiative (JODI). ...
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Egypt plans to import liquefied natural gas to cover demand from July 2025 to June 2026, the Egyptian cabinet said in a statement on Wednesday, as it ramps up purchases to meet power demand despite strained government finances. ...
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Saudi Arabia is radically transforming its utilities, targeting a 50% renewables and 50% gas energy mix under Vision 2030. This ambitious pivot could wipe out 1.1 Mbd of its utility-led liquids consumption, unleashing more crude for export and dramatically curbing the typical summer surge in HSFO demand while reshaping the seasonal strength in residual fuel prices. But how soon will this future arrive? ...
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Global oil demand surged by 1.8 million barrels per day in March 2025 compared to the previous year, driven largely by increased consumption in the US, Italy, and Saudi Arabia, according to the latest JODI data released by the International Energy Forum. ...
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Saudi Arabia’s crude oil production rose to 8.96 million barrels per day in March, reflecting a 0.11 percent monthly increase, according to the latest Joint Organizations Data Initiative data. ...
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Kuwait's oil product output and exports reached record highs in 2024, driven by the full ramp-up of the 615,000 b/d al-Zour refinery. ...
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Saudi Arabia’s monthly crude oil exports fell 1% in December, data from the Joint Organizations Data Initiative (JODI) showed on Tuesday.
Crude exports from the world’s largest exporter in December fell 1% to 6.146 million barrels per day (bpd) from 6.206 million bpd in November. ...
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Egypt, a North African country, has secured a whopping $3 billion deal with two oil majors, TotalEnergies and Shell Plc, for liquefied natural gas (LNG) projects aimed at boosting the nation’s gas supply.
Sources familiar with the matter informed Reuters that the deal will help the country secure 60 cargoes of liquefied natural gas (LNG) for 2025. ...
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Saudi Arabia's crude oil exports in November jumped to their highest level in eight months, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. ...
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Oil prices dropped over 5 per cent yesterday after Iran’s Ayatollah Ali Khamenei over the weekend seemed to play down the prospect of re-retaliatory strikes against Israel. With the risk of a full-blown war between the two states having abated for at least a few more minutes, attention among oil investors "is once again shifting back to market fundamentals," JPMorgan analysts write. ...
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Saudi Arabia, the world's largest oil exporter, witnessed a decline of 0.2 percent in crude oil exports, marking the second consecutive month of decline in January, according to data from the Joint Organizations Data Initiative (JODI). ...
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Saudi Arabia's crude production increased by 12,000 barrels per day in January to 8.96 million bpd, representing a monthly rise of 0.22 percent, a study showed ...
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Saudi Arabia's crude oil exports fell in January for a second straight month, data from the Joint Organizations Data Initiative (JODI) showed on Monday. ...
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Japan's gas inventories are well above normal for the time of year, part of a worldwide surplus in response to the period of exceptionally high prices stemming from Russia’s invasion of Ukraine in 2022. ...
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Saudi Arabia’s crude production increased to 8.94 million barrels per day in December 2023, a monthly rise of 1.43 percent, according to a Joint Organizations Data Initiative study. ...
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