Middle East

The Middle East Gulf is home to some of the world’s largest oil producers, including the five largest producers in Opec. It also home to the world’s largest LNG exporter Qatar which is planning a major capacity expansion. Key priorities for these petrostates include seeking to spark economic diversification and reducing their dependence on the Strait of Hormuz chokepoint through which the bulk of their exports flow.

18 Jun, 2021

Featured

Saudi Hits Record Oil Volumes

As temperatures rise, Gulf countries are setting seasonal power consumption records. Saudi oil burn hit a seasonal record 1.04mn b/d for April.

Saudi Arabia Direct Crude Burn ('000 b/d)

Geopolitical Risk

2 Jul, 2021

Top Story

Iraq Power Crisis As Iran Slashes Cross-Border Supplies

The US has long urged Iraq to reduce its dependence on Iran for power. To little avail. The events of the last week gave Iraq a bigger incentive – Iranian supplies just aren’t reliable. The sudden drop in energy flows put Iraq’s grid into meltdown and cost the energy minister his job