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Iraq Says OPEC ‘Price War’ Partly To Blame For Revenue Fall, $84Bn Deficit
...54mn b/d the previous month. The drop coincides with falling global oil prices, which have declined by 30% since June. The result was a whopping $675mn drop in revenues from oil sales in October to $6.241mn, the lowest since February 2011. Maliki Blamed For Reserve Fund Collapse All th...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Qatar And China Strengthen Trade And Investment Ties
...heme, known as the Renminbi Qualified Foreign Institutional Investor (RQFII), was created in 2011 to allow financial investors to place some of their yuan holdings in China. The UAE joined the scheme in 2012 by signing a three-year currency swap arrangement with China, similar in size to that with Qa...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Is $90/B The New $100/B For Saudi Arabia?
...finery processing gains, grew by more than 4mn b/d from January 2011 to July 2014, of which 3mn b/d was crude oil production growth, the EIA says. During the same period, unplanned supply disruptions grew by 2.8mn b/d, it adds. Supply disruptions averaged 3.2mn b/d in the first seven months of 2014 and pe...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Egypt Secures Saudi Power Loans
...rning additional diesel and fuel oil in power plants to keep pace with rising peak electricity demand. The loans are the latest GCC move to stabilize in a country severely impacted by the Arab Spring of 2011. Saudi Arabia, Kuwait and the UAE provided $12bn of aid, including oil products, after the ou...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Jordan Looks To Slash Deficit In 2015 Budget
...rms. Jordan is currently hosting over 600,000 Syrian refugees, who fled their country after the 2011 uprising which has now morphed into a bloody war. This has severely burdened the kingdom’s economy, leading it to turn to the international community to cope with the extra cost. Traditionally Jo...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Chinese Crude Imports January-September 2014 (‘000 B/D)
...total vs2013 vs2012 2013 2012 2011 2010 MIDDLE EAST 3,577 3,135 3,...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
US Imports: Gulf Looks To Keep Share Of Shrinking Pie
...g-14 Jul-14 2Q14 1Q14 Jan-Aug ‘14 vs2013 vs2012 2013 2012 2011 2010 20...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Benchmark Crude Prices ($/B)
...13 2012 2011 WTI 77.91 81.26 81.76 84.33 93.13 97.25 103.00 98...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014