Economic Consequences of High Oil Revenues in Oil Producing States
Oil Market ReportPresentation to International Energy Agency This presentation examines the benefits and costs of the huge oil revenues the GCC states are earning and examines the key challenges for the region in an environment of elevated oil prices.
Quarterly GDP update: Oil sector pulls overall growth down in Q1-13
Oil Market ReportLatest economic growth data released this week show a real economic growth of 2.1 percent down from 4.4 percent in the fourth quarter last year. The slowdown was fairly broad based, with only government services growing at a faster pace than in the fourth quarter. Nonetheless, most sector of the economy grew with the exception of oil sector. We assume that year-on-year economic growth will ease further in the second quarter owing to lower growth in oil production. Other sectors of the economy will benefit from solid local fundamentals.
The Outlook for Unconventional Oil Gas Production English
Oil Market ReportThe Outlook for Unconventional Oil Gas Production English
Jadwa Co-Investment Fund (Saudi Lube Oil)
Oil Market ReportThis Fund enables its unit holders to obtain a beneficial ownership interest in equity of Saudi Aramco Lubricating Oil Refining Company (LubeRef.) LubeRef is the dominant base oils manufacturer in the GCC. The company produces more than 1 million metric tons of base lube oils, asphalt, naphtha and other products at its refineries in Jeddah and Yanbu. The fast-growing Saudi market represents 60 percent of its sales. Unit holders of the Fund receive pro-rata dividends distributed by LubeRef and expect to benefit from an eventual exit by way of IPO or sale to a third party. This is a closed-end fund already closed in 2007 and appears here for record only.
Feature: Oil in retreat
Oil Market ReportOil prices slumped over the past month, as the cumulative effect of slowing demand growth and greater supply made the continued run up in oil prices unsustainable. Despite this fall, oil prices of over $100 per barrel are exceptionally positive for the economic outlook for Saudi Arabia.
