Oil
OPEC maintains 2.25 mn bpd demand growth forecast
Red Sea tensions add to shipping costs but energy flows unaffected
Growth on the horizon for the MENA region, despite tensions
Imports of crude oil increased last year by 11 percent
Brent and WTI increased 0.32 and 0.40 percent, respectively
Coming from an over 3 percent dip from previous session
Deal includes developing yacht and cruise ship tourism in Egypt
Production set initially at 3,000 barrels of crude oil per day
Budget gap prompts focus on economic diversification
Commits to supply up to 18 million barrels annually
China oil export shares have risen to approximately 45 to 50 percent
