1. Slimmed Down Services Firms Eye Bumper 2022 Profits

    ...l three are now comfortably in the black.   *With increased demand for their services they are confident of further growth in margins, and profits, for 2022 and beyond; this is despite predictions that the overall market will remain “structurally smaller” than in their halcyon days to 2014...

    Volume: 65
    Issue: 04
    Published at Fri, 28 Jan 2022
  2. Opec 2021 Revenues Rise At Highest Rate Since 1973-74 Oil Crisis

    ...llowing the 1973 Arab oil embargo. Despite last year’s extraordinary growth, revenues effectively just recovered to pre-Covid levels. And those are barely 50% of pre-2014 revenues of more than $1tn. But with Brent breaking above $90/B during intraday trading for the first time since 2014 on 26 Ja...

    Volume: 65
    Issue: 04
    Published at Fri, 28 Jan 2022
  3. Libya Oil Revenues Skyrocket To $30bn In 2021

    ...l products, MEES estimates that Libya’s total 2021 oil exports were worth $29.8bn, the highest figure since 2014. Of course, most oil exporting countries had a good year in 2021. Opec – of which Libya is a member – has seen its revenues recover to pre-covid levels on the back of a sharp recovery in...

    Volume: 65
    Issue: 04
    Published at Fri, 28 Jan 2022
  4. Libya Central Banks Agree Reunification Plan

    ...anches on 20 January agreed a four-point roadmap for reunification of the bank which has been divided on western and eastern lines since Libya split into two parallel governments in 2014. London-based auditing firm Deloitte has been hired to assist the process. The division of the bank has co...

    Volume: 65
    Issue: 04
    Published at Fri, 28 Jan 2022
  5. Kuwait Set For 2022-23 Budget Surplus?

    ...the highest Kuwait has budgeted for since the 2014-15 budget’s $75/B. It is a huge increase on the $45/B assumption that Kuwait used for its 2021-22 budget. That $45/B assumption has proven to be a hugely conservative one, with Kuwait Export Blend (KEB) averaging $73.65/B over April-December 20...

    Volume: 65
    Issue: 04
    Published at Fri, 28 Jan 2022