Tag Archives: Persian Gulf Countries

The region is seconds away from a full-blown catastrophe.

The UAE. which is a net importer of gas. has been looking to diversify its supplies to meet growing demand.

Saudi Arabia and Iraq are respectively the biggest and second biggest producers of OPEC.

This is the highest premium for the flagship Saudi grade since September 2014.

OPEC is expected to stick to its current policy of output cuts in the second half of 2018.

US crude production set to touch 9.9m bpd this month. well above EIA forecasts.

U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.

At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.

Iran has for long been discussing with Oman to produce LNG in its Qalhat liquefaction plant.

Projections of LNG demand reveal growth of over 3%-5% per year until 2030.