Oil & Gas China Trade War Threat To US Exports 10 August, 2018 China has been by far the largest single buyer of US crude so far this year, whilst for LNG...
Economics & Finance US Slaps Back Iran Sanctions, With More To Come 10 August, 2018 The US on 7 August reimposed a slew of sanctions on third-party dealings with Iran. The measures will hit Iran hard. But worse is to come with the US aiming to halt Iran’s oil exports from November. MEES asks what the moves mean.
Economics & Finance Iran Central Bank Announces Currency Rescue Plan 10 August, 2018 In a seeming bid to maintain customers amid looming US sanctions, Iran has slashed the Asian OSP for Iran Heavy to a record 85¢/bl discount to Saudi Arab Medium.
News in Brief Kufpec Raises $1.1bn Loan 10 August, 2018 Kufpec, an overseas upstream arm of KPC, has signed a $1.1bn loan with a consortium of banks to expand...
Economics & Finance Qatar Export Revenues Hit Three-Year High Despite Continued Embargo 03 August, 2018 Rising oil prices lifted Qatar's export revenues to a three-year high in Q2. Central Bank data shows Doha recorded a budget surplus for the first time since 2015 in Q1.
Economics & Finance Kuwait Fiscal Deficit Falls By 19% To $16bn For 2017-18 03 August, 2018 Kuwait's budget deficit fell to $16bn in the 2017/2018 financial year. But dysfunctional politics is set to hold up economic reform.
News in Brief Aramco Eyes Mega Bond 03 August, 2018 With Saudi state oil giant Aramco in discussions with the PIF sovereign wealth fund over buying a stake in...
News in Brief Saudi Oil Exports Hit $20bn 03 August, 2018 Saudi Arabian oil exports amounted to a massive $20bn in May according to the kingdom’s latest trade statistics. This...
Oil & Gas Oman Deficit Halved As Export Revenues Soar 27 July, 2018 The debt-ridden sultanate’s economic fortunes are on the up thanks to higher oil prices and increased products exports. Its budget deficit for Jan-May is down 46%.
Corporate Upstream Capex Edges Up But Recovery Remains US-Focused 27 July, 2018 Latest results from services firms and a flagship IEA report both highlight an uptick in upstream spending, but one that remains overwhelmingly focused on US shale.
Power & Water Egypt Completes 14.4GW Gas-Fired Megaproject In Record Time 27 July, 2018 Siemens this week completed three 4.8GW gas-fired plants. With gas output rising to near-record levels, power cuts should now be a thing of the past.