- Sort by:
- Score
- Published ▼
-
Omani Economy Looking Up Despite S&P Downgrade
...Higher oil prices and a boost to gas output will see Oman finish 2017 strongly despite a ratings downgrade. As BP plots further gas expansion and heavyweights Eni and Oxy grab the latest exploration blocks, there is cause for quiet optimism. As with the other GCC oil exporters, low cr...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Qatar Maxes Condensate Splitters, Hits Fresh Products Records
...ich 349,000b/d refined, 401,000b/d exported) SOURCE: QATAR PETROLEUM, ASIA PACIFIC ENERGY CONSULTING, MEES. JAPANESE IMPORTS OF QATARI CONDENSATE SLUMP FURTHER IN 2017 ('000 B/D) SOURCE: METI, MEES. NAPHTHA, JET-KERO, DIESEL FROM RAS LAFFAN 2 DRIVE QA...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Algeria Eyes 2.4gw Power Capacity Boost By Mid-2018, But Money Is Tight
...appearance; the company’s third Algerian CCGT project, Bellara, is also apparently on hold. Korea’s Samsung C&T is developing two of the big CGGT plants. By the end of the second quarter 2017 the company estimated that it had reached 50% completion of the Naama project, for which the co...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Saudi Crude Exports At 7-Year Low, Outweighing Products Gains
...Saudi Arabia is leading by example within Opec when it comes to withholding crude oil from global markets in order to erode the stock overhang. The kingdom’s crude exports are set to fall to a seven-year low in 2017. And while this has been partially achieved by ramping up refining rates and th...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Global Output To 2040: Will Opec Be Squeezed Amid Offshore Growth?
...A PROJECTIONS*): OPEC SHARE TO EDGE UP FROM 43% IN 2016 TO 46% IN 2040 *2017 WEO, NEW POLICIES SCENARIO. 2: WORLD’S TOP 8 OIL PRODUCERS IN 2040 (MN B/D, IEA PROJECTIONS*) *2017 WEO, NEW POLICIES SCENARIO. ^2016 OUTPUT REBASED TO ZERO. 3: BRAZIL IS FORECAST* TO BE...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Lebanon Resignation Fiasco Highlights Limitations Of Saudi Iran Strategy
...isis” emerged in June 2017 when Saudi Arabia and its coalition issued a 13-point ultimatum and called on Qatar to cease its support of terrorist groups. The subsequent embargo is now in its sixth month, but Qatari exports have edged up (MEES, November 24). Seemingly cognizant that its strategy of re...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
GCC Debt Smashes All Records
...2017 has been a record year for GCC sovereign and corporate debt. Sustained low oil prices and budget deficits since 2015 have led to an ever-growing appetite for issuance. NOCs are now getting in on the act too. GCC sovereigns have raised a record $50.5bn in international bond issuance to...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Saudi Deficit Set To Fall 50% In 2017
...Higher oil prices mean Saudi Arabia is on track to halve its deficit to $42.5bn for 2017, the lowest figure since 2014. Latest figures for the first nine months of 2017 show revenue rising by 23% year-on-year thanks to a 32% increase in oil prices (from $38.6/B to $50.9/B). For 2017 as a wh...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Crude Burn: Saudi Gains Reverse In September As Iraq Halts Burning
...ack to fall in 2017 for the second consecutive year. MEES estimates that the average figure for 2017 will come in at 470,000 b/d versus 497,000 b/d for 2016 (see data, MEES, 24 November). > By contrast, Iraq, long the region’s #2 crude burner, reported that it eliminated crude burn in Se...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017