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Saudi Crude Exports At 7-Year Low, Outweighing Products Gains
...aq is boosting southern exports by 200,000 b/d to mitigate (MEES, 3 November). SAUDI CRUDE SHIPMENTS SINK Saudi crude exports of 6.55mn b/d in September were the lowest since March 2011, marking a continuation of a trend which has seen volumes slip for three continuous quarters – the first su...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Ubari Power Plant Faces Delays After Abductions
...ditional power as it suffers both scheduled and unscheduled blackouts (MEES, 22 September). The Ubari project was abandoned in 2011 after the ouster of former dictator Mu’ammar al-Qadhafi. The abduction will likely have a knock-on impact on other foreign companies mulling a return to Libya. This could fu...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
GCC Debt Smashes All Records
...pects growth will then improve in the next two years, with regional growth expected to average 1.9% in 2018, followed by 2.7% in 2019, this still falls substantially short of levels seen prior to the oil price drop in 2014 and the 4.5% average seen before 2011. The IMF in its latest Middle East re...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017