GCC
Oil industry in the Gulf more resilient than in other regions: Report

Low oil prices negatively impacted the United States’ energy industry, as the current environment reflected negatively on the ability of the industry to generate revenue, according to Asia Investment’s report.
The report showed that the oil industry in the Gulf Cooperation Council’s states is flexible and dynamic unlike in the US, because while private companies own the American production, Gulf governments dominate their oil industries.
Although important expenses such as capital expenditures and dividends have been reduced, cash flows of the US energy industry, which include 46 important oil companies, contracted by roughly 33 per cent per year due to the drop in income.
The report also noted that reducing production costs, as in Saudi Arabia and Kuwait, in which production cost is less than $10 per barrel compared with $40 in America, explains the flexibility in Gulf oil industry. The report states that despite this, other regional countries are suffering from the effects of the decline in energy prices.
-
Banking & Finance2 weeks ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Renewables2 months ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Bahrain2 weeks ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Leaders Speak2 months ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Banking & Finance1 month ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance2 months ago
Alizz Islamic Bank Partners with Al Tawasul Institute for Specialised Training Programme to Empower Job Seekers with Hearing Impairments
You must be logged in to post a comment Login