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Energy
Morgan Stanley cuts ’24 oil demand growth forecast to 1.1m bpd
Morgan Stanley has reduced its global oil demand growth forecast for 2024 from 1.2 million barrels per day (mbpd)…
UK energy bills to rise 10% this winter – Ofgem
British households will face higher gas and electricity bills this winter after Ofgem, the energy regulator,…
India overtakes China as top importer of Russian oil in July
India replaced China as the world’s largest importer of Russian oil in July, with Russian crude accounting for a…
Middle East refining expansion poised to transform global petroleum trade – EIA
The Middle East is set to significantly alter global petroleum trade dynamics with an expected increase in refining…
Egypt PM emphasises state commitment to petroleum, energy sector
Egyptian Prime minister Moustafa Madbouly on Thursday reaffirmed the government's dedication to the petroleum and…
India’s liquid fuel consumption sees 26% climb by ’28 – EIA
India's liquid fuel consumption is projected to increase by 26 per cent, reaching 6.6 million barrels per day (bpd)…
EIA predicts continued OPEC+ oil production cuts through ’28
The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…
China’s refining capacity sees expansion by 0.8 to 1.1m bpd by ’28 – EIA
China is set to increase its refining capacity by 0.8 to 1.1 million barrels per day (b/d) by 2028, according to…
Egypt plans to add 28 GW renewable energy in 5-7 years: PM
Egypt is rapidly expanding its renewable energy capacity, aiming to add over 4 gigawatts of new and renewable…
Egypt, Huawei pact on smart power grid initiative
Egypt's Minister of Electricity, Mahmoud Essmat, met with Jim Liu, the CEO of Huawei Egypt, on Thursday to explore…
