A cut in crude volumes supplied by neighboring Saudi Arabia means Bahrain’s liquids exports took a Q1 hit, likely trimming export revenue by $300mn.

Bahrain’s crude and condensate output has bounced back after a December slump that extended into February 2018. The fall was down to a more than 50% fall in output from the Saudi-operated Abu Safah field, from which Bahrain is allocated half the crude produced.

Abu Safah provides Bahrain with around 80% of its...