Related Articles
Opec Abu Dhabi UAE Saudi Arabia
Robin M Mills
Dubai
11 December 2020
Forward article link
Share PDF with colleagues

Pandemic strains Gulf’s domestic energy balances

International attention may have focused on their Opec+ oil market stabilisation role. But the region’s NOCs have had concerns closer to home

Mid-East Gulf firms have been prominent actors in the global energy market’s response to the disruption caused by the coronavirus pandemic. But they have also had to contend with profound effects on their domestic energy markets. Their responses have been largely successful but highlight the need for greater flexibility and continuing restructuring. As in the rest of the world, the pandemic brought a collapse in mobility. Saudi gasoline consumption plummeted from 583,000bl/d in January to 231,000bl/d in April and had rebounded only partially to 482,000bl/d by September. Airports were virtually shut down in April and May (see Fig.1), and only Dubai and Riyadh have since staged a partial rec

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
What does TotalEnergies see in Iraq?
26 September 2021
The major has bucked the trend of Iraqi exits and reorganisations. Why is it going where others fear to tread?
ExxonMobil LNG announces 2021 Power Play winners
24 September 2021
Four remarkable professionals recognised across different categories that celebrate advances in diversity and equality and accomplishments in the LNG value chain
More thinking, less clicking: AI improves geoscientist efficiency
24 September 2021
Upstream operators increasingly value the transformational potential of AI solutions
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video