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The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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Unlike earlier booms based on exploiting new fields, US producers are raising production by adopting new technologies, process efficiencies, economies of scale and financial…
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DOI: 10.1108/OXAN-DB284649
ISSN: 2633-304X
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Most of Russia’s hydrocarbon export revenues are generated from oil now that gas sales have collapsed. Ambitious state spending plans are based on oil revenues rising this year…
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DOI: 10.1108/OXAN-DB284811
ISSN: 2633-304X
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Earlier, on January 7, NOC was forced to declare force majeure at Sharara oil field, the country’s largest, after protests shut it down. Oil and gas usually account for more than…
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DOI: 10.1108/OXAN-DB284522
ISSN: 2633-304X
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The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…
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DOI: 10.1108/OXAN-DB285381
ISSN: 2633-304X
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The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…
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DOI: 10.1108/OXAN-DB284691
ISSN: 2633-304X
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Geographic
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…