UAE: Low oil prices prompt talk of cutbacks

There’s no sense of panic in the UAE about the current oil price, but there is a growing feeling that the emirates need to prepare for a future in which the oil price remains low for a long time. The UAE is thought to need a price of between $73/bbl and $78/bbl to balance its budget this year, but those prices have not been seen since November. In recent weeks, Brent crude has been selling for close to $60/bbl, and few market-watchers expect a sharp rise anytime soon.
Issue 995, 18 June2015. Read more

Further reading:
Dubai: More mega-projects
Dubai’s mega-projects leave little doubt as to the emirate’s ambition – but is it too much too soon?

 



 

Bahrain's Economic Performance

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Gulf boundaries and hydrocarbons infrastructure

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The Gulf region: economy and society

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Iraqi Kurdistan hydrocarbons infrastructure map

Revised in January 2015, this map provides a detailed overview of hydrocarbons infrastructure in the Kurdistan area of Iraq.

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UAE: MBZ’s emerging legacy: a nation-state forged from conflict

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30 September-3 October

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Middle East Process Engineering Conference & Exhibition (MEPEC)

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