Geopolitical Risk

Saudi oil minister Khalid al-Falih expects global oil markets to rebalance sooner rather than later. But the IEA sees rebalancing as “more... a marathon than a sprint.”

Iraqi Kurdistan’s oil sector overcame immense challenges in 2018. The region’s key IOCs eye further gains for 2019 with end-year output over 460,000 b/d a real prospect.

Iran’s draft budget for 2019-20 points to an 8% real-terms fall in spending as US sanctions tighten. Revenue expectations look highly optimistic.

Tunisia’s powerful UGTT union staged a nationwide strike on 17 January hitting the country’s transport, hospitals, schools and state...

Khalifa Haftar, commander of the eastern-based Libyan National Army (LNA) on 15 January announced an operation to “secure” water,...

New Pakistan PM Imran Khan’s courting of Saudi and UAE is paying off with both agreeing financial assistance. The two Gulf monarchies are also poised to sign up for major Pakistan refinery projects, generating additional demand for their crude.

Iran’s Oil Minister Bijan Zanganeh And His Iraqi Counterpart Thamir Ghadhban Held Talks On 10 January In Baghdad On...

Damascus has ambitious plans to hike gas output to 1bn cfd by 2023 to meet growing post-war power demand. Stretched gas processing capacity may prove the limiting factor. Assad’s erstwhile GCC foes are grudgingly mending fences with the Syrian regime.

Damascus has ambitious plans to hike gas output to 1bn cfd by 2023 to meet growing post-war power demand. Stretched gas processing capacity may prove the limiting factor. Assad’s erstwhile GCC foes are grudgingly mending fences with the Syrian regime.

Saudi Arabia’s King Salman announced a major cabinet reshuffle on 27 December in which a number of critical appointments...

NOC says damage from latest attacks have degraded output capacity. Though Libya’s 2018 oil revenue hit a 5-year high, prospects for 2019 are rapidly dimming.

Political turbulence threatens to derail Kuwait’s ambitious upstream and downstream ambitions. With the oil minister pushed out this week elections may be on the way.