The low oil prices have started to change the global energy market. Rosneft exists high cost Venezuelan market. The quickly changing dimensions of the energy industry sets the alarms off for bankers and investors to watch out on their credit provided to shale and deepwater producers as the risk jumps to new levels.
Amid the recent decline in global demand on oil due to the corona virus pandemic, oil prices have broke the 30$ mark and are continuing to decrease, OPEC and GCC Countries will have to fight their way through a tough fiscal budget this years with up to 12% of their GDP is deficit in some … Continue reading Corona virus deepens GCC wounds.
The two countries have signed a MOU to restart the joint operations at the neutral zone. The Agreement was signed in Kuwait City by HRH Prince Abdulaziz Bin Salman Al-Saud and Sheikh Ahmed Nasser Al-Mohammed Al-Sabah in December 2019. The official countdown has started for the restart in Khafji Joint Operations.
The gulf stock markets are expected to achieve more gains in the new year, on the back of the commitment of OPEC members and other major producers to the oil output reduction plan, according to financial analysts. The positive sentiment will also supported by the expected positive financial results achieved in 2016, which will soon … Continue reading GCC markets to see positive performances in 2017