Outlook on Crude Oil Refining in Saudi Arabia
Oil Market ReportOutlook on Crude Oil Refining in Saudi Arabia
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.
Quarterly Oil Market Update – Q2 2018: (Trade tensions pose downside risk for oil)
Oil Market ReportBrent oil prices averaged $75 per barrel (pb) in Q2 2018, up a sizable 12 percent quarter-on-quarter. Concerns over OPEC output, in light of declines from certain countries, and anticipation over Iranian sanctions lifted Brent oil prices to $81 pb at one point in the second quarter.
