Quarterly GDP update: Oil sector dragged down overall growth in Q2
Oil Market ReportLatest economic growth data released by CDSI show a real economic growth of 3.8 percent year-on-year, 1.3 percentage point lower than in the first quarter of this year. Contribution to growth has changed compared to the previous quarter and has become more dependent on the non-oil sector. We assume that year-on-year economic growth will be lower in the second half of the year, owing to a decline in oil sector output, while the non-oil private sector will remain robust.
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
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.
