Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Quarterly Oil Market Update – Q3 2018: (Supply factors weigh heavily on oil)
Oil market reportBrent oil prices are trading above $80 per barrel (pb), the highest level since early November 2014, on the back of concerns over oil supply. Provisional OPEC secondary sources data for Q3 2018 shows that Iranian oil output declined by nearly 250 thousand barrels per day (tbpd) quarter-on-quarter.
Quarterly Oil Market Update – Q1 2018: (Volatility is back)
Oil market reportRising optimism around global economic growth, continued OPEC compliance to output targets and rising geopolitical tensions all contributed to pushing Brent oil prices to an average of $67 per barrel (pb) in Q1 2018, up 8 percent quarter-on-quarter.
Outlook on Crude Oil Refining in Saudi Arabia
Oil market reportOutlook on Crude Oil Refining in Saudi Arabia
Quarterly Oil Market Update – Q4 2017: (Downward Pressure on Oil Prices)
Oil market reportA brighter outlook for the global economy and tighter oil markets had seen Brent oil prices rise 18 percent quarter-on-quarter in Q4 2017, to $62 per barrel (pb), with prices continue to rally to $70 pb in January 2018, the highest level since November 2014.
