Gulf oil demand sees 3.1% annual growth
Qiyas summary
Gulf Cooperation Council Statistical Center report on growth in oil demand and production
Translated by Qiyas from النهار — Original source
Indicators from the Gulf Cooperation Council (GCC) Statistical Center showed that the average annual growth rate of global demand for crude oil by GCC countries reached 3.1 percent during the period from 2021 to 2025. The Center stated in a report it issued yesterday on the Gulf energy sector for 2025 that crude oil production in GCC countries rose by 5 percent last year compared to 2024, reaching 16.9 million barrels per day, equivalent to 22.5 percent of global production, reflecting “the continued weight of the Gulf in the international energy supply system.”
