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FINANCIAL NEWS
Oil demand in MENA to grow by 63tb/d
13 Oct 2016
(MENAFN) The Middle East”s oil demand is predicted to grow by 63 thousand barrels per day for this year and will grow by 0.18mb/d in the coming year.
Meanwhile, oil demand growth in KSA recorded positive increase in August after four consecutive months of drops and only for the third time in 2016.
In addition, all products had positive increase, with the exception of direct crude burning and diesel oil, which shrank by almost 12.8 percent and 1.9pct.
However, the OPEC Reference Basket slipped in Sep to USD42.89/b, while ICE Brent ended up USD47.24/b.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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