Saudi Arabia Economics - November 2013

Oil production eases on seasonal factor



Saudi Arabia’s crude production eased in October as domestic summer peak demand abated. However, it is less likely that there will be any sharp drop in production this time around like last year due to the continuing Libyan crude production disruptions. Iranian production is also lower by almost 1 mbpd in 2013 as compared to the average production of 2011. Additionally, domestic demand dynamics is also supporting higher production levels. Kingdom’s non-oil exports grew at a lower rate, whereas imports declined in September. Monetary indicators have largely moderated in September. Money supply has stabilized, whereas credit and deposits growth have moderated. The pace of foreign reserve accumulation has also slowed.


Click here to download the complete report
logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap