1. China Takes Record Saudi Crude, Iran At Record Low

    ...spite diversification efforts that had seen the region’s Middle Kingdom market share fall from a 2014 peak of 52% (MEES, 27 September).   *In a 26 November research note, Michal Meidan of the Oxford Institute for Energy Studies reckons that this year’s setback to China’s diversification efforts ha...

    Volume: 62
    Issue: 48
    Published at Fri, 29 Nov 2019
  2. Baghdad And KRG Sign Preliminary Oil Sharing, Budget Deal

    ...ude-for-revenues agreement in 2014, which fell apart as Baghdad never made full payment (MEES, 5 December 2014). A year ago, Mr Abd al-Mahdi and his deputy PM (and Oil Minister) Thamir al-Ghadhban reached an agreement with the KRG to export 100,000 b/d via Iraqi Kurdistan’s export pipeline to Ceyhan, an...

    Volume: 62
    Issue: 48
    Published at Fri, 29 Nov 2019
  3. Oman Set For Lowest Deficit Since 2014, But Investment Lacking

    ...what would be the lowest figure since 2014 offers a rare piece of good news as assessments of Oman’s long-term economic health continue to sour. Of course, the second half of 2014 saw oil prices collapse from the $100/B-plus average of the preceding four years. Oman is not the only oil pr...

    Volume: 62
    Issue: 48
    Published at Fri, 29 Nov 2019