Tag Archives: Persian Gulf Countries

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.

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.

Rising U.S. production helped fuel a slump in prices.

The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.

Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.

Russia is the producer everyone is watching ahead of the OPEC meeting.

Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.

Saudis want production cuts extended through 2018. while Moscow wants flexibility.