Please wait...
GulfBase Live Support
- MEED selects KFH as MENA's Most Innovative Private Bank for 2025
- NBK Wealth reaffirms private banking leadership with 2 honors from MEED
- Zain named MENA's top telecom company on Forbes 'World's Best Employers' list
- Hilton to double presence in Oman with trio signing
- OETC launches Oman's first Green Sukuk worth RO288.5mn
- Kuwait crude oil rises to $1.46
- UDC makes QR222mn net profit on QR1.38bn revenues in third quarter
- QSE index closes higher
- Qatar completes integration of its industrial database with Gulf Industrial Platform
- Türkiye Cenbank Slows Easing with 100-point Cut, Flags Inflation Risk
24/10/2025 06:56 AST
Global oil demand is expected to reach around 123 million barrels per day by 2050, with oil maintaining the largest share of the global energy mix at approximately 30 percent, said Haitham Al Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC).
Speaking at a conference in Kuwait, he emphasised that meeting this growing demand will require substantial investments, estimated at about $18.2 trillion by 2050, to ensure adequate production capacity and sustainable energy supply, said a Saudi Press Agency report.
Al Ghais noted that demand for all types of fuel is projected to continue increasing through 2050 and beyond.
He attributed this projected growth to population expansion, economic development, rapid urbanisation, and the rise of new energy-intensive industries.
Trade Arabia
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 60.94 | -0.4 | -0.65 |
| WTI | 57.22 | -0.38 | -0.66 |
| OPEC Basket | 61.74 | -0.05 | -0.08 |
24/10/2025
The Kuwaiti crude oil price rose $1.46 during Wednesday's trading to reach $64.53 per barrel (pb) compared with Tuesday's $63.07 pb, Kuwait Petroleum Corporation (KPC) said on Thursday.
Glob
QNA
23/10/2025
Russia is set to deliver around 750,000 barrels, or 100,000 metric tons, of a mix of Arctic heavy ARCO oil and gas condensate, a type of light oil, to Syria's Banias port, traders said and LSEG data
Asharq Al Awsat
22/10/2025
Oil prices fell for a second day on Tuesday as concerns about excess supply and risks to demand stemming from tensions between the US and China, the world's top two oil consumers, weigh on the market
Asharq Al Awsat
21/10/2025
Oil prices dipped on Monday, pressured by worries over a global glut as US-China trade tensions added to concerns about an economic slowdown and weaker energy demand.
Brent crude futures wer
Asharq Al Awsat
20/10/2025
Oil markets are bracing for a turbulent fourth quarter as Brent crude hovers near $61 a barrel and traders increasingly question whether prices can hold above the critical $55 floor - or collapse tow
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia