Subscribe to RSS
banner

Oil back to homepage

GCC budget breakeven oil price creeps up GCC budget breakeven oil price creeps up(0)

Budget breakeven oil prices in most Gulf Arab producers are creeping upwards, as governments continue to push through investment stimulus programs despite flatter production. CONTINUE READING

MENA oil and gas pay scale not competitive enough MENA oil and gas pay scale not competitive enough(0)

Oil and gas workers in some Middle Eastern countries have some of the lowest wages compared with energy sector salaries around the world. CONTINUE READING

Iraq oil output surges despite turmoil Iraq oil output surges despite turmoil(0)

Iraq ramped up oil production to a 35-year high last month despite a worsening security situation and political standoffs in the country, but experts said more investment was needed if Iraq wants to realize ambitious output targets. CONTINUE READING

Oil reliance and lack of reform leave Gabon vulnerable Oil reliance and lack of reform leave Gabon vulnerable(0)

Gabon’s financial problems have been vastly exaggerated. An erroneous news report late last month suggested Gabon’s government had suspended salaries of government employees as it did not have adequate funds. CONTINUE READING

huguesn / Foter / CC BY-NC-SA
Ukraine crisis lifts Azerbaijan’s oil and gas profile Ukraine crisis lifts Azerbaijan’s oil and gas profile(0)

Azerbaijan would likely emerge as a winner in the Ukraine-Russia crisis, which has left Europeans fearing for the security of their natural gas supplies. CONTINUE READING

Chiara Neve / Foter / CC BY-NC-SA

 

Merger to breathe life into Egypt’s oil sector Merger to breathe life into Egypt’s oil sector(0)

Two North American oil and gas players have merged their operations in a bid to invest heavily in Egypt and other African states. CONTINUE READING

Gulf’s dominance in petrochemicals under threat Gulf’s dominance in petrochemicals under threat(0)

The Gulf’s petrochemicals sector’s revenues came tantalizing close to USD 100 billion, reaching USD 97.3 billion last year, despite strong headwinds, according to IHS CERA, an energy consultancy. The region earned USD 52.7 billion in export revenues last year. CONTINUE READING

Concerns grow over Nigeria’s ‘lost billions’ Concerns grow over Nigeria’s ‘lost billions’(0)

The suspension of Nigeria’s central bank chief has raised uncertainty for the economy as investors worry about its long-term impact. CONTINUE READING

[WW] / Foter / CC BY-SA
Oil majors rethink stake in Iraq oil and gas Oil majors rethink stake in Iraq oil and gas(0)

Iraq is emerging as one of the riskiest oil and gas jurisdictions to invest in, according to research house Sanford C. Bernstein & Co., a Wall Street investment management firm. CONTINUEREADING

L.C.Nøttaasen / Foter / CC BY
Tanzania’s LNG dream faces headwinds Tanzania’s LNG dream faces headwinds(0)

Tanzania’s push to accelerate its natural gas development has hit a speed bump as the process gets mired in legislative processes. CONTINUE READING

w4nd3rl0st (InspiredinDesMoines) / Foter / CC BY-NC-ND
Crimean crisis opens opportunity for Mideast gas Crimean crisis opens opportunity for Mideast gas(0)

An escalation of Russia’s conflict with Ukraine would send crude and natural gas prices soaring, but it would also destabilize the global economy. CONTINUE READING

Foter / CC BY-SA

 

Qatar hard-pressed to repeat LNG feat Qatar hard-pressed to repeat LNG feat(0)

Qatar’s moratorium on natural gas development in its massive North Field is expected to continue for some time, but the country will likely face headwinds when it looks to revive developments in the world’s third natural gas basin. CONTINUE READING

Uganda-Kenya pipeline to unlock oil potential Uganda-Kenya pipeline to unlock oil potential(0)

Uganda pushed its oil file forward after signing a memorandum of understanding with China National Oil Offshore Company (CNOOC), and Ugandan units of French oil giant Total E&P and UK explorer Tullow Corp. earlier this year. CONTINUE READING

Iran, Iraq oil alliance talks may be premature Iran, Iraq oil alliance talks may be premature(0)

Hussain Al-Shahristani, Iraqi deputy prime minister for Energy Affairs’ recent comments on collaboration with Iran has stirred the hornet’s nest and may have made Saudi Arabia a bit uneasy. CONTINUE READING

Foter / Public domain
Mideast energy giants invest in North American shale Mideast energy giants invest in North American shale(0)

The UAE and Saudi Arabia are set to join their Gulf peer Qatar in participating in the shale oil and gas revolution unfolding in North America. CONTINUE READING

Fresh tensions, oil concerns grip Iraq Fresh tensions, oil concerns grip Iraq(0)

The recent spate of violence and an impending clash between prime minister Nour Al Maliki’s forces and Sunni rebels in Fallujah and wider Anbar provinces have threatened further instability in an-already violence-wracked country. CONTINUE READING

OPEC to defend USD100/barrel crude price OPEC to defend USD100/barrel crude price(0)

Fears of an oil price collapse are overdone as OPEC will use all the levers and controls to ensure it defends the USD 100 per barrel rate, according to a research firm, which spoke to a number of major state-owned oil companies in the oil-exporting group. CONTINUE READING

GCC oil majors seek to reverse the ‘resource curse’ GCC oil majors seek to reverse the ‘resource curse’(0)

Oil and gas exporters such as the UAE, Saudi Arabia, Qatar and Oman are succeeding in reversing the so-called “resource curse”, but they still have a long way to go before realizing their full potential. CONTINUE READING

Foter.com / CC BY-SA
EU cozies up to Azerbaijan as gas political rift widens EU cozies up to Azerbaijan as gas political rift widens(0)

Even as Ukraine looks to move further away from the European Union, its former Soviet Union comrade Azerbaijan took another confident step forward with the final investment decision earlier this year on the USD 28 billion Shah Deniz II gas project. CONTINUE READING

Thomas Hawk / Foter.com / CC BY-NC
Weak emerging markets, oil glut dim Mideast prospects Weak emerging markets, oil glut dim Mideast prospects(0)

Emerging market slowdown and a crude oil glut may be some of the major risks facing the global economy, according to major Wall Street banks. CONTINUE READING

Natural gas to be fastest growing energy source Natural gas to be fastest growing energy source(0)

Fears of the Middle East losing its position as a major natural gas exporter in the next few decades are unfounded, at least according to Exxon Mobil, the world’s largest oil and gas company that’s not affiliated with a government. CONTINUE READING

Kenya looks to infrastructure for economic fix Kenya looks to infrastructure for economic fix(0)

Infrastructure projects focused on Kenya’s transportation and energy sectors are set to reinvigorate the economy, as the country emerges from an election year and the terrorist attack in Nairobi that killed scores of people earlier this year. CONTINUE READING

ME oil investment splurge ME oil investment splurge(0)

For all the hype surrounding U.S. shale plays, it is Middle East which will register the highest growth in exploration and production capital spending next year, according to a new report. CONTINUE READING

UAE gas reserves offer fresh fiscal hopes UAE gas reserves offer fresh fiscal hopes(0)

Natural gas importer UAE is working on a number of projects that could boost the country’s natural gas production… CONTINUE READING

Relaxed oil sanctions to ease Tehran’s economic pains Relaxed oil sanctions to ease Tehran’s economic pains(0)

As much as 500,000 barrels of Iranian oil could return to the market if Western sanctions are eased, according to the Centre for Global Energy Studies. CONTINUE READING

dynamosquito / Foter.com / CC BY-SA
Mideast energy consumption seen insatiable Mideast energy consumption seen insatiable(0)

Middle East’s own domestic energy demand, rather than North American shale surge, will transform the region’s oil and gas sector, says the International Energy Agency. CONTINUE READING

Kenya basks in newfound hydrocarbon riches Kenya basks in newfound hydrocarbon riches(0)

When Tullow Oil stumbled upon oil on the Kenyan-Ethiopian basin, it put an end to 50 years of drilling disappointment in the country and opened up a new era of growth for the country. CONTINUE READING

Jaimito Cartero / Foter.com / CC BY
Global SWFs’ combined portfolio rises to USD6trn Global SWFs’ combined portfolio rises to USD6trn(0)

Global sovereign wealth funds now hold more than USD 6 trillion in investments with Middle East funds contributing 35% of the assets, according to latest data from Sovereign Wealth Fund Institute. CONTINUE READING

Refracted Moments™ / Foter / CC BY
Asia’s net oil imports to reach over 25m bpd by 2035 Asia’s net oil imports to reach over 25m bpd by 2035(0)

Asia Pacific’s net oil imports by 2035 are equivalent to the combined production of major OPEC producers such as Saudi Arabia, Iran, Iraq, Kuwait and the UAE, according to the Asian Development Bank. CONTINUE READING

tj.blackwell / Foter / CC BY-NC
China slowdown makes global commodities bearish China slowdown makes global commodities bearish(0)

Commodities remain the world’s worst-performing asset class this year, with the benchmark Dow Jones-UBS Commodity Index falling 8.95% year-to-date. CONTINUE READING

10b travelling / Foter / CC BY-NC-ND
Algeria’s presidential polls raise reforms optimism Algeria’s presidential polls raise reforms optimism(0)

The Algerian economy is cruising along in low gear, but investors are hoping that presidential elections in April 2014 will speed up economic and social reforms. CONTINUE READING

azza-bazoo / Foter / CC BY-SA

 

MENA economy to take a hit from US debt default MENA economy to take a hit from US debt default(0)

Qatar and Morocco will be the fastest growing Middle East economies this year, but emerging market economies are facing the dual challenge of slow growth and tightening global liquidity, according to the International Monetary Fund’s latest report. CONTINUE READING

mikebaird / Foter / CC BY
Oil majors wake up to South Africa’s shale potential Oil majors wake up to South Africa’s shale potential(0)

Companies are buying stakes in the country’s natural gas sector after the government relaxed its exploration policy. CONTINUE READING

Iran props up economy amid loses of USD4.2bn/month Iran props up economy amid loses of USD4.2bn/month(0)

Iran’s beleaguered economy may catch a break if the thawing of Tehran’s relationship with Washington results in an easing of sanctions. CONTINUE READING

Kashagan’s complex traits cause logistics headache Kashagan’s complex traits cause logistics headache(0)

The world’s most expensive oil field is set to achieve commercial production in October, but its sponsors may not see a return from their investments any time soon. CONTINUE READING

Benurs – Learning and learning… / Foter / CC BY-SA
Saudi petchem industry to reach USD11bn by 2014 Saudi petchem industry to reach USD11bn by 2014(0)

Saudi Arabia’s petrochemicals companies saw their half-yearly earnings collectively decline 3.5% this year, but analysts are expecting an improvement in profits in the second half. CONTINUE READING

isado / Foter / CC BY-ND
Global appetite for North African gas remains strong Global appetite for North African gas remains strong(0)

Chinese oil and gas giant Sinopec’s recent USD 3.1 billion bet on Egyptian natural gas highlights the country’s huge energy prospects, despite the major political challenges facing the country. CONTINUE READING

David A. Villa / Foter / CC BY
Saudi Arabian rig counts set to reach 200 by end-2014 Saudi Arabian rig counts set to reach 200 by end-2014(0)

As the global oil and gas industry turns on its head, Saudi Aramco – the world’s largest oil-producing company — is not sitting still, but tapping into its formidable unconventional natural gas reserves. CONTINUE READING

Thomas Hawk / Foter / CC BY-NC
Europe fails to tap Caspian Sea’s surging gas supplies Europe fails to tap Caspian Sea’s surging gas supplies(0)

European countries are losing out to China in their quest to source natural gas from the Central Asian states. CONTINUE READING

Mollivan Jon / Foter / CC BY-NC
Oil output slowdown to hit petrodollar-reliant Iraq Oil output slowdown to hit petrodollar-reliant Iraq(0)

The Iraqi oil sector has been one of the great success stories of the past five years, rising by a million barrels from 2008 to 2012 to cross three million barrels per day. CONTINUE READING

TunnelBug / Foter / CC BY-NC
MENA set to lose pole position on gas grid MENA set to lose pole position on gas grid(0)

The Middle East and North Africa (MENA) region is set to lose its dominant position as the world’s largest supplier of liquefied natural gas (LNG), according to the International Gas Union (IGU). CONTINUE READING

Animaux / Foter / CC BY-NC
Speculation is rife for Moroccan oil and gas Speculation is rife for Moroccan oil and gas(0)

It’s early days yet, but several international companies are sniffing around Morocco’s offshore basins in the hunt for oil and gas. CONTINUE READING

XcBiker / Foter / CC BY-SA
Crunch time for crude oil Crunch time for crude oil(0)

Forecasts for rapid crude oil production from places as diverse as Iraq, Canada, Kazakhstan, the US and Brazil mean we should be swimming in oil at the moment. CONTINUE READING

Pipeline shortage stymies Turkmen gas potential Pipeline shortage stymies Turkmen gas potential(0)

Turkmenistan has emerged as China’s largest supplier of natural gas, which makes the reclusive nation one of the Asian giant’s strategic energy allies. CONTINUE READING

Foiled terror plot highlights Yemen oil’s significance Foiled terror plot highlights Yemen oil’s significance(0)

Recent claims by the Yemeni government that they have thwarted attempts to paralyze its energy installations, has brought this nation back into the global limelight. CONTINUE READING

Nigeria losing USD12bn per year to oil theft, sabotage Nigeria losing USD12bn per year to oil theft, sabotage(0)

Nigeria’s oil thieves are pilfering the profits of some of the world’s largest oil companies. CONTINUE READING

10b travelling / Foter / CC BY-NC-ND
TAP to expand gas delivery network in Europe TAP to expand gas delivery network in Europe(0)

After edging out Nabucco West pipeline to win the right to transport Azerbaijan natural gas to Europe, the Trans-Adriatic Pipeline (TAP) is now considering multiple options to expand its network across Europe. CONTINUE READING

Vermin Inc / Foter / CC BY-NC-SA
Saudi releases over USD87bn to boost petrochem sector Saudi releases over USD87bn to boost petrochem sector(0)

Under pressure from a resurgent American petrochemicals industry and natural gas shortages at home, major Saudi petrochemicals companies are fighting back with massive expansion plans of their own. CONTINUE READING

zpeckler / Foter / CC BY-NC-SA
Kazakh bets new petroleum gains on Kashagan Kazakh bets new petroleum gains on Kashagan(0)

Kazakhstan’s Kashagan giant offshore field may have opened on July 2, but there are still a few doubts about the field’s production timelines. CONTINUE READING

southgeist / Foter / CC BY-SA
OPEC’s oil supply market share to hit 44% in 2040 OPEC’s oil supply market share to hit 44% in 2040(0)

The latest report from the US Energy Department’s statistical arm validates what OPEC members have been saying all along: the North American shale gale will blow away, and OPEC will weather that storm to emerge stronger than ever. CONTINUE READING

isado / Foter / CC BY-ND
China’s slowing growth dampens appetite for Saudi oil China’s slowing growth dampens appetite for Saudi oil(0)

China’s economy is cooling off and that’s bad news for Saudi Arabia. CONTINUE READING

StuffEyeSee / Foter / CC BY-NC-ND
Upbeat Africa raises over USD10bn in oil M&A deals Upbeat Africa raises over USD10bn in oil M&A deals(0)

Africa has emerged as the world’s second hottest region for upstream oil and gas deals, clocking merger and acquisitions deals of more than USD 10 billion in the first half of the year. CONTINUE READING

bulliver / Foter / CC BY-SA
Oil dependency remains Chad’s weakness Oil dependency remains Chad’s weakness(0)

Chad’s economy beat analyst projections to grow 7.2% last year and is set to grow a further 7.4% this year, according to the African Development Bank (AfDB). CONTINUE READING

 

Nabucco licks wound as TAP wins Europe gas deal Nabucco licks wound as TAP wins Europe gas deal(0)

The Trans Adriatic Pipeline (TAP) beat Nabucco West to supply natural gas from Azerbaijan to the central European markets, and what is viewed as a game changer for the Central Asian country’s natural gas fortunes. CONTINUE READING

 

Abu Dhabi gains on lower break-even oil prices Abu Dhabi gains on lower break-even oil prices(0)

Oil breakeven prices in Abu Dhabi are set to fall below USD 100 per barrel, as debt obligations and fiscal pressures on the government start to ease, according to Bank of America Merrill Lynch (BAML). CONTINUE READING

iambents / Foter / CC BY-NC-ND
Weakening oil prices leave Oman in the lurch Weakening oil prices leave Oman in the lurch(0)

Oman’s prospects for additional revenue are “dim”, according to Moody’s Ratings Agency. CONTINUE READING

UIC Digital Collections / Foter / CC BY-NC-SA
World oil sector gets USD678bn shot in the arm World oil sector gets USD678bn shot in the arm(0)

A new report on global oil investments puts a cork in the debate about North American shale production putting OPEC out of business. CONTINUE READING

David A. Villa / Foter / CC BY
OPEC allays fears over group’s dwindling influence OPEC allays fears over group’s dwindling influence(0)

Last month, the International Energy Agency’s (IEA) executive director Maria van der Hoeven, had some unsolicited advice for OPEC: When they meet next, think long-term strategy. CONTINUE READING

castgen / Foter / CC BY-NC-ND
Central Asian rail link viable oil trade route option Central Asian rail link viable oil trade route option(0)

A new tri-nation railway project aims to spark regional trade and cooperation in Central Asia. CONTINUE READING

Ella’s Dad / Foter / CC BY
Oil-rich Turkmenistan faces global backlash Oil-rich Turkmenistan faces global backlash(0)

When North Korea, Iran and Kazakhstan start praising your human rights records, it may be time to change tactics. CONTINUE READING

StuffEyeSee / Foter / CC BY-NC-ND
Oil majors explore Mozambique’s LNG potential Oil majors explore Mozambique’s LNG potential(0)

International companies have been drawn to Mozambique lately due to the country’s recently discovered natural gas reserves. CONTINUE READING

rcbodden / Foter / CC BY
Dark days ahead for OPEC as oil forecast slips Dark days ahead for OPEC as oil forecast slips(0)

In a major move, the International Energy Agency (IEA) has slashed OPEC production growth forecast, citing a number of factors ranging from instability in the region and regulatory constraints. CONTINUE READING

Thomas Hawk / Foter / CC BY-NC
Saudi non-oil sector growth outweighs hydrocarbon Saudi non-oil sector growth outweighs hydrocarbon(0)

With the Saudi oil sector expected to generate less revenues this year, the non-oil sector will need to step up and carry the burden of generating growth for the economy. CONTINUE READING

swisscan / Foter / CC BY-NC-SA
Weakening demand keeps oil below USD100 Weakening demand keeps oil below USD100(0)

An oil price collapse to USD 90 per barrel could see a 0.4% drop in Saudi GDP, according to estimates by HSBC. CONTINUE READING

Global events put focus on Kazakh potential Global events put focus on Kazakh potential(0)

Expo 2017′s theme is ‘Energy for the Future’ which is apt given Kazakhstan’s hydrocarbon riches. CONTINUE READING

Utenriksdept / Foter / CC BY-ND
New oil finds to prop up Mauritanian economy New oil finds to prop up Mauritanian economy(0)

Mauritania, lodged between Morocco and Guinea on the African bulge in the West, is just the latest African country being eyed by energy companies. CONTINUE READING

Jaimito Cartero / Foter / CC BY
Marine industry shifts focus to Mideast, Asia Marine industry shifts focus to Mideast, Asia(0)

The greatest growth in container trade will take place between the Far East and the Middle East for the next two decades. CONTINUE READING

joeldinda / Foter / CC BY-NC-SA
When Baghdad, Erbil fail to see eye to eye When Baghdad, Erbil fail to see eye to eye(0)

Iraq continues to trundle along on the back of solid macroeconomics, but great political uncertainty remains. CONTINUE READING

D-Stanley / Foter / CC BY
Saudi economy rallies despite oil output drop Saudi economy rallies despite oil output drop(0)

Despite cuts in its oil output, and the generally nervous economic sentiment globally, the Saudi economy continues to race ahead.CONTINUE READING

XcBiker / Foter / CC BY-SA
OPEC: Cuts coming? OPEC: Cuts coming?(0)

Crashworks / Foter.com / CC BY-NC

While OPEC may not take action at its meeting on December 12, most analysts expect the group to cut production in the new year or face depressed crude prices.

The Organization of Petroleum Exporting Countries may choose to hold fire at their latest meeting in Vienna on December 12, but it may be forced to cut production in the New Year, analysts say. CONTINUE READING

Hidden riches: ME’s undiscovered oil & gas resources Hidden riches: ME’s undiscovered oil & gas resources(0)

 

Nwardez / People Photos / CC BY-NC-SA

The Middle East is awash with billions of dollars worth of undiscovered oil and gas buried deep in the region, according to the United States Geological Survey. But the largest deposits are not in Saudi Arabia. CONTINUE READING

US shale: A threat to Saudi dominance? US shale: A threat to Saudi dominance?(0)
dsearls / Foter / CC BY-SA

OPEC finally acknowledged the very clear and present danger of North American shale oil and gas production. CONTINUE READING

Saudi Arabia: Refinery Hub Saudi Arabia: Refinery Hub(0)
OneEighteen / Foter / CC BY-NC

Saudi Aramco ‘s decision to proceed with the 400,000 barrels per day Jazan Refinery is part of a trend of turning the Middle East into a beehive of global refining activity. CONTINUE READING

Iraq: Making up for lost decade? Iraq: Making up for lost decade?(0)

Although many new pockets of oil and gas reserves are bubbling all over the world, international oil companies consider Iraqi natural resources as one of the most prized assets. CONTINUE READING

Kurdistan Photo كوردستان / Foter / CC BY-SA
Gulf States’ Budget Breakeven Oil Price Declines Gulf States’ Budget Breakeven Oil Price Declines(0)

Breakeven oil prices for Saudi Arabia and the UAE decline for the first time in years, according to Deutsche Bank, which is great news for the

 

 

 

 

 

 

GCC, especially at a time of falling crude prices and global and regional economic uncertainty.  CONTINUE READING

17 Amazing Oil Facts From BP 17 Amazing Oil Facts From BP(0)

While the Middle East continues to rule the fossil fuel markets, there are some great emerging trends which highlight the rapid changes in the global energy industry…. CONTINUE READING

OPEC Set To Rake In $1 Trillion In Revenues OPEC Set To Rake In $1 Trillion In Revenues(0)
JaulaDeArdilla / Foter

Members of the Organization of the Petroleum Exporting Countries (OPEC) could earn an estimated USD1,171 billion of net oil export revenues in 2012 and USD1,133-billion in 2013, according to the U.S. Department of Energy data unit, the EIA.  READ MORE HERE

Oil Contrarians Strike Back Oil Contrarians Strike Back(0)
L.C.Nøttaasen / Foter

While the overwhelming general consensus is that oil prices could head north of USD140 per barrel before the end of the summer, a small group of analysts are suggesting that the market may pause for breadth and climb down. READ MORE HERE

 

U.S. To Overtake Saudi Arabia & Russia In Oil Production By 2020: Citigroup U.S. To Overtake Saudi Arabia & Russia In Oil Production By 2020: Citigroup(0)

The United States’ hydrocarbon’s production will eclipse Saudi Arabia and Russia as early as 2017, says Citibank. In fact the energy surplus points to North America effectively becoming the new Middle East by the next decade. READ MORE HERE

 

 

Exxon’s Kurdistan Exxon’s Kurdistan(0)

Why did Exxon strike a deal with Kurdistan at the cost of upsetting Baghdad? Because Kurdistan offered up one of the greatest oil basins in the world, roughly half the size of Abu Dhabi. READ MORE HERE

 

OPEC Shia-Sunni Split? OPEC Shia-Sunni Split?(0)

Chatham House says OPEC may be heading for a Shia-Sunni split, but it appears to have discounted the group’s enduring powers and its resilience despite wars and severe disputes between member states. READ MORE HERE

Recession Fears Return Thanks To High Oil Prices Recession Fears Return Thanks To High Oil Prices(0)

 

indigoprime /Free Photos

As the world faces its biggest oil crisis since the 1970s, politicians are blaming every one – President Obama, Iran, QE and Saudi King – for high oil prices. How about putting some blame on Israel for pushing the world into another unwanted war. READ MORE HERE

S&P: Which Middle East Companies & Countries Will Suffer If Strait of Hormuz Is Blocked? S&P: Which Middle East Companies & Countries Will Suffer If Strait of Hormuz Is Blocked?(0)

It’s a crisis that won’t go away. While the region is no stranger to Israelis and Iranians trading insults and threats, Tel Aviv’s latest hue and cry over Iran’s nuclear ambition refuses to die down.

Recent bombing attacks on Israeli embassies in New Dehli, Tbilisi (Georgia) and Bangkok was blamed on Iran – claims denied by Tehran – have frayed nerves and the Iranian President Mahmoud Ahmadinejad did nothing to soothe them by attending an event that highlighted Iran’s “nuclear achievements” on Wednesday.

READ MORE HERE

Oil Forecasters Offer Mixed Prognosis Oil Forecasters Offer Mixed Prognosis(0)

It’s only the second week of the year and oil analysts are already in a frenzy, making bold predictions for crude prices – from alpha bearish to mega bullish.

The latest bold prediction came from Capital Economics who have thrown a challenge to other analysts by predicting that Brent crude will average around USD85 this year. READ MORE HERE

OPEC Outlook: Oil’s Not Well OPEC Outlook: Oil’s Not Well(0)

Opec countries will rake in $900-billion this year. But these outstanding figures mask great turmoil facing group members in the next few
years.

With Brent crude comfortably over $100 a barrel, oil  exports of OPEC countries this year will amount to nearly $900 billion, a 38%
increase over 2010, according to the Centre for Global Energy Studies. READ MORE HERE

MENA 2012 Outlook: Oil Exporting Countries MENA 2012 Outlook: Oil Exporting Countries(0)

In the first part of the 2012 regional economic prospects, a look at oil-rich countries’ efforts to manage their citizens’ expectations, economic slowdown and regional and domestic political upheavals in the New Year.

The year 2011 was probably the most unexpected for the Middle East in decades with  not just the magnitude of changes unravelling in the region, but also the sheer number of those cataclysmic changes. READ MORE HERE

Oil Will Remain Dominant Till 2040: ExxonMobil 2040 Outlook Oil Will Remain Dominant Till 2040: ExxonMobil 2040 Outlook(0)

Mideast oil and gas developers can rest easy. ExxonMobil’s energy outlook through to 2040, predicts there is a huge role for oil and gas energy sources in the future, with alternative energies remaining on sidelines. READ MORE HERE

Is The World Heading Towards Another Oil Spike?: McKinsey Is The World Heading Towards Another Oil Spike?: McKinsey(0)

Oil prices will rise higher as global economy prospects improve over time. However, dramatic shifts and spikes could upset the fragile recovery and have unintended consequences which could lead to greater demand destruction for fossil fuels altogether, much to the dismay of oil exporters who are investing heavily in fossil fuels.
The world could experience a period of significant volatility, with oil prices leaping upward and oscillating between $125 and $175 a barrel for some time.

But don’t get the  Saudi champagne out just yet as it may not translate into petrodollars flowing into the Gulf coffers. READ MORE HERE

Israel Attack On Iran Could Push Oil To $275 Per Barrel: Oil Trader Survey Israel Attack On Iran Could Push Oil To $275 Per Barrel: Oil Trader Survey(0)
nagillum /Foter

An Israeli attack on Iran’s nuclear facilities could choke off the Strait of Hormuz, sending oil prices spiralling out of control in a worst-case scenario, according to a new survey. READ MORE HERE

Ten OPEC Forecasts Ten OPEC Forecasts(0)
rickz /Foter

Read the ten major forecasts from Opec’s latest World Oil Outlook, ranging from the challenges and prospects for oil developers to the intense competition they will face over the next 25 years.  READ MORE HERE

Read More

$525-Billion Energy Capital Investments In MENA By 2016: Apicorp $525-Billion Energy Capital Investments In MENA By 2016: Apicorp(0)

The Arab Petroleum Investment Corporation (Apicorp) expects MENA energy capital investment to reach $525-billion over the next five years.

But the Dammam-based lender estimates that the figure is at least $90-billion short of the ‘investment potential’. The company examined nearly 200 energy projects planned and announced in the public and private sectors. READ MORE HERE

Commodity Outlook & Fed’s Operation Twist Commodity Outlook & Fed’s Operation Twist(0)

Oil and gold are poised to benefit from the dithering policies of Western leaders and the possible launch of the Fed’s Operation Twist. Other commodities are set see a run-up thanks to tight supplies.

The world’s major commodities had a phenomenal run in the past two years, but cooled down in the first six months of 2011.

Within the first six months of the year, only two commodities – silver and coal – saw a double-digit rise and only six of the 14 main commodities were in positive territory. READ MORE HERE

Why Oil Prices Will Continue To Remain High Why Oil Prices Will Continue To Remain High(0)

Even as hopes arise of a quick resumption of Libyan oil, a whole host of new supply-side worries will ensure that crude production remains tight. The resumption of Libyan oil will not dent oil prices as supply constraints continue to add up. READ MORE HERE

EU Sanctions Needed To Weaken Cruel Syrian Regime EU Sanctions Needed To Weaken Cruel Syrian Regime(0)

While the U.S. oil sanctions on Syria are welcome, the world can inflict a much bigger blow to Bashar Al-Assad’s regime if its biggest customer — the European Union — shunned its crude exports too.

It has become a grim but almost familiar sight on TV: unarmed Syrian protesting against the government on the streets, only to flee at the sound of gunfire from Syrian forces – a few minutes later lay bodies on the streets. READ MORE HERE

Iran’s Oil Exports Set To Hit $100Bn in 2011, Despite Crippling Sanctions Iran’s Oil Exports Set To Hit $100Bn in 2011, Despite Crippling Sanctions(0)

With a string of impressive economic policies, Iran has ensured that it remains a major energy supplier, despite various restrictions imposed by the western international community.

But while Iran has benefited from high oil prices, lack of major investments in the country’s energy sector could hamper growth and continue to handicap the country’s economic prosperity. Add to this dynamic, is Tehran’s controversial nuclear programme and its divisive role in regional politics, which makes it a target for many countries around the region that are eager to hurt Iran’s economy. READ MORE HERE
Read More

Middle East’s Q3 Economic Prospects Look Dim On Global Slowdown Middle East’s Q3 Economic Prospects Look Dim On Global Slowdown(0)

As the global economy lurches from one crisis to the next, we look at the prospects for the regional economies in troubling global conditions which could slash domestic growth.

Another quarter, another headache. Gulf governments have suffered a tumultuous first two quarters of the year and were hoping for some semblance of sanity in the third quarter. At the very least, regional governments were hoping that tragic developments within the Middle East had remained isolated – Syria, Yemen and Libya  – leaving other countries in relative safety and peace.
Read More

Global Petroleum Survey: Oil Companies See Iraq Fraught With Regulatory Hurdles; Qatar Tops Survey Global Petroleum Survey: Oil Companies See Iraq Fraught With Regulatory Hurdles; Qatar Tops Survey(0)

The Fraser Institute’s Global Petroleum Survey is the latest where super-rich Qatar beats its regional competitors’ as it pips them to the post as the Middle East’s most investment-friendly destination for petroleum exploration and development. READ MORE HERE

 

Opec 2011 Bulletin’s 18 Most Important Pages (In Charts) Opec 2011 Bulletin’s 18 Most Important Pages (In Charts)(0)

Opec’s annual bulletin reveals the changing dynamics of the energy industry and the key challenges facing both the producers and the consumers.

Click through the charts to find out more:

Read More

Saudi breakeven oil price to hit $321, if spending pattern continues: analyst Saudi breakeven oil price to hit $321, if spending pattern continues: analyst(0)

Forget Arab Spring. If Saudi Arabia’s spending patterns and economic policies don’t change, it could be staring at a breakeven oil price of an astonishing $320 a barrel by 2030, says Jadwa.

With $562-billion in net foreign asset, the second largest oil reserves in the world after Venezuela (according to the latest Opec bulletin), and the second largest oil output in the world after Russia – Saudi Arabia’s future looks rosy and solid. READ MORE HERE

SPECIAL COMMENT: Islamic Finance 2.0 – From Oil, Revolutions to Fundamentals SPECIAL COMMENT: Islamic Finance 2.0 – From Oil, Revolutions to Fundamentals(0)

The price of oil is not the only ‘greaser’ for expansion of Islamic finance. Lately, a number of countries seem to be pre-empting social-movement-cum-change of regime as today’s ‘oil price’ facilitator for welcoming Islamic finance.

But what happens to Islamic finance when alternative energy, solar, bio-mass, wind, ocean, etc., becomes a viable replacement for oil or oil has simply ‘run dry,’ or ‘Arab street democracy’ arrives in the Muslim OPEC countries, or even the anti-Shariah movements in selected western countries finds another ‘boogeyman?”
Read More

Popular Posts

Sorry. No data so far.

Contacts and information

AlifArabia aims to provide analysis on Middle East and Africa business and political issues. It wants to see a thriving and dynamic Middle East that encourages corporate and government transparency, investments and policies that allow the economies to grow.

Social networks

Most popular categories