Gulf

The Middle East Gulf is home to some of the world’s largest oil producers, including the five largest producers in Opec. It also home to the world’s largest LNG exporter Qatar which is planning a major capacity expansion. Key priorities for these petrostates include seeking to spark economic diversification and reducing their dependence on the Strait of Hormuz chokepoint through which the bulk of their exports flow.

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SELECTED DATA

UAE Oil Exports On Course For 2019 Increase As Key Asian Buyers Hike Q1 Purchases (‘000 B/D)

Iraq Rig Count* At Highest Since Mid-2014

Kuwait's Key Products Output, Crude Runs Hit By Shuaiba Shutdown, Clean Fuels Upgrades ('000 B/D)

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