| | DECEMBER 20234Afew months ago, Vitol Asia president Mike Muller revealed some interesting numbers concerning the oil & gas demand in the world during the Middle East Petroleum & Gas Conference in Dubai. He said, "We are going into the second half of the year where, largely thanks to Asian demand growth, the world is going to need about 2 million barrels per day more than it needs now".Perhaps fossil fuel doesn't have a bright future in the world, but its present is rather healthy. Despite the Russia-Ukraine conflict and subsequent crunch of the fuel supply, the gasoline demand in Europe recorded the strongest this year since 2015 (January-to-June period), according to Bloomberg calculations based on government data. The third-largest consumer of oil in the world as of 2022, India's economic growth is highly influenced by its energy demand. Therefore, the demand for oil and gas is ever-increasing.On the flip side of this coin, the whole Arabian Peninsula is betting big on technology as it slowly transforms from an oil-based economy. In the process, a wealthy market for futuristic technologies is emerging in the Middle East. But the question of rapidly increasing demand persists. How and when the impact of this diversification will hit the world remains to be seen. In this yearly special issue, we explore more about the business realm in the Middle East and Africa, especially from the lenses of Indian leaders.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comMore Demand for Oil vs. Middle East's Economic Diversification EditorialVol 04 · Issue 5 - 1 · DECEMBER, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Senior Designer Girisha M Visualizers Antony Arnold F Madhshmita Sahoo NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersAbhay Katiyar To subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Info Connect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Keerthana Kantharaj Tejaswini P Roopalatha H Hima P. M. Roshan Akthar | |SEPTEMBER 20192Consultants ReviewWe don't create ads,we create brandsA Design and Technology consulting company with proven compentency in Branding, Mobile Application and Web Application Development with creative concept development, Film-making, UX/UI designing, Graphics Designing & Web Designing.TALENTED MINDS, WE ARE HIRING!iOSAndroidWebUX / UIBrandingTALK TO US FOR CUSTOM QUOTE +91 70499 03333 | info@corporatemotionpictures.in
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