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China Seeks Bigger Role In Oil Pricing
...formation Agency (EIA) said in a March 2014 report that China overtook the US to become the largest net importer of crude oil and other liquids in the world in September 2013. It also pointed out the 31% rise in US indigenous oil production, mainly from tight oil plays, between 2011 and 2014, compared with ex...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Financing Constraints Hamper Leviathan Development
...a the EMG pipeline are exposed to the risk of insurgent attack. The subsea pipeline runs from Ashkelon in Israel to Arish in Egypt, which is connected by an onshore pipeline to the west of the country. The infrastructure was used to pipe Egyptian gas to Israel. In the aftermath of the 2011 re...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Bahrain Refinery Revamp To Boost Heavy Oil Upgrading
...mpletion in 2019 (MEES, 19 September). More Modest The current plan is more modest than an earlier incarnation, which envisaged Sitra capacity being expanded to 450,000 b/d. CLG completed a FEED study for this scenario in 2011. Around 45,000 b/d of the crude currently processed at Sitra comes fr...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Neutral Zone: Saudi Arabia Steamrolls Kuwait, Cuts Oil Output
...udi Arabian oil exports have already fallen to their lowest in three years, while August exports of 6.683mn b/d were at their lowest since March 2011, according to the latest data published by the Joint Oil Data Initiative (JODI). Crucial Test Riyadh’s action may yet prove to be a crucial test fo...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Tunisia: Election Time In The Arab Spring’s Sole Survivor
...TUNISIA Tunisia: Election Time In The Arab Spring’s Sole Survivor Regime change in Tunisia set off a series of revolutions across the Middle East in 2011. The achievements of these protest movements have largely been reversed elsewhere, but parliamentary elections held in Tunisia over th...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Egypt Announces Ambitious Macroeconomic Policy Targets
...om political turmoil following the overthrow of the Husni Mubarak regime in early 2011 and is only now beginning to show signs of recovery. There is however a growing recognition in the west of Egypt’s pivotal role in the Middle East as a relative island of stability in what is currently a sea of un...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Lebanese Economy Resilient Despite External Shocks
...LEBANON Lebanese Economy Resilient Despite External Shocks Despite domestic and external political shocks, and depressed economic conditions resulting from the ongoing civil war in neighboring Syria since 2011, Lebanon’s economy is proving resilient, ratings agency Standard and Po...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, August 2014 (‘000 B/D)
...D14 vsYTD13 vsYTD12 2013 2012 2011 2010 2009 Crude Production 9,597 -408 -59...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 82.09 82.96 87.62 93.13 95.95 97.25 103.00 98...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014