1. Saudi Arabia’s Latest U-Turn Hits Opec Periphery Hardest

    ...reover, Ms Young says that some of the Abu Dhabi measures “actually backtrack on some subsidy reform.” Such measures also typically prove hard to reverse. OPEC’S 2019 OIL EXPORT REVENUES AT RISK OF FALLING BELOW 2017 LEVELS ($BN) *MEES CALCULATION BASED ON 2019 EXPORTS & PRICES. ** MEES PR...

    Volume: 63
    Issue: 12
    Published at Fri, 20 Mar 2020
  2. Opec Slams US Sanctions For Heightened Instability

    ...Opec+ with the capacity to open the taps to do so. SAUDI AND RUSSIA ON THE SAME PAGE?   Russia certainly appears to be more hesitant over the benefits of continuing the Opec+ agreement, but then that is largely in line with the past two and a bit years (MEES, 1 December 2017). Russia’s sl...

    Volume: 62
    Issue: 12
    Published at Fri, 22 Mar 2019
  3. Saudi Products Exports Smash Previous Records But Set For Dip

    ...ports as products are generally less scrutinized than crude.  Saudi Arabia exported a record 1.91mn b/d of products in January smashing October 2017’s previous record of 1.59mn b/d. The products share of the kingdom’s total oil exports, at 21.1%, was also a record, whilst volumes of diesel (80...

    Volume: 61
    Issue: 12
    Published at Fri, 23 Mar 2018
  4. Saudi Gets Creative To Maintain Crude Exports Despite Output Fall

    ...bruary 2016 – almost twice the January 2017 figure – and averaged 328,000 b/d for the rest of the year. The changing fortunes of diesel in Europe may lead Aramco to seek sales elsewhere, although many of world’s fastest developing countries already have major pollution problems to address. SAUDI CR...

    Volume: 60
    Issue: 12
    Published at Fri, 24 Mar 2017