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Saudi September Crude Exports At 20-Month High, But A Fall Is Coming
...d India – account for more than half of the kingdom’s exports. But the 3.54mn b/d they collectively imported in Q3 (see chart) was the lowest since 3Q 2014. Volumes were down on recent levels for three of these, with only India seeing a quarter-on-quarter increase. The starkest fall was in China, wh...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Oman Economy Set For Strong 2018 Finish
...cent years: the figure was $5.15bn in 2014. Higher current expenditure is partly down to larger interest payments on loans as well as gas production expenditure which has risen from $380mn to $850mn year-on-year. But the bigger movements are on the revenue side of the ledger. Oil exports are only up...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
OPEC’S Ever-Receding Global Oil Market Dominance
....6mn b/d including NGLs) in 2017 to 44.8% by 2040. Seemingly good news for Opec. But then the IEA’s 2014 WEO predicted Opec’s market share rising to 49.2% by 2040. The number has been cut every year since. • These cuts come despite additions to Opec membership which helped boost the organization’s ba...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018