Saudi Arabia Oil & Gas Report Q2 2018

Saudi Arabia Oil & Gas Report Q2 2018

BMI View:

Our outlook for the Saudi Arabia upstream is bullish over the 10-year forecast period. The OPEC, non-OPEC productioncut agreement is set to end in December 2018 and the kingdom has been investing heavily to maintain its substantial sparecapacity. As the global lack of upstream investment pulls the market into deficit post-2020, we expect the kingdom to bring thiscapacity into play. We are also strongly bullish on gas production, with the continued rise in capital committed to expand domesticcapacity. The downstream sector is also performing strongly and will benefit from added capacity at Jazan from 2019. The oilconsumption outlook has somewhat weakened, dragged down by difficult economic conditions and the impact of subsidy reforms.Gas consumption looks relatively strong, but remains capped by limited availability of domestic supplies.

BMI Industry View
Industry Forecast
Upstream Exploration
Upstream Projects
Upstream Production - Oil
Upstream Production
Refined Fuels Consumption
Gas Consumption
Trade - Oil
Trade - Gas (Pipeline And LNG)
Industry Risk/Reward Index
Upstream Oil & Gas: MENA Disappoints Below-Ground Potential
Downstream Oil & Gas: GCC Outperforms, N. Africa Lags
Upstream Risk/Reward Index
Downstream Risk/Reward Index
Market Overview
Energy Market Overview
Oil & Gas Infrastructure
Company Profile
Saudi Aramco
Regional Overview
Oil Production Steady, Gas To Accelerate
Oil & Gas Glossary

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