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Fitch Solutions has held its Brent forecast at an annual average of $66 per barrel for 2021, although the balance of risk is now skewed to the upside. ....
Spending boost seen in Qatar on hydrocarbon revenue gains: Fitch Solutions gulf-times.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulf-times.com Daily Mail and Mail on Sunday newspapers.
Fitch Solutions has revised Malaysia’s 2021 gross domestic product (GDP) growth to 0% from its earlier estimate of 4.9%. This comes as the second quarter 2021 (2Q21) GDP growth numbers were below its expectation, at 16.1% year-on-year but a contraction of 2% quarter-on-quarter. ....
Lifting of Iran sanctions to spark fight for oil market share in Asia The expected return of Iranian oil to the market as US sanctions are likely to be lifted over the next year will offer new opportunities for former buyers in Asia to reshuffle their oil import mixes. Significantly, the return of Iranian barrels will trigger a fierce battle among global suppliers for market share raising the risk of price drops, reported Fitch Solutions. Updated: 05/07/2021, 5:17 am A worker passes stores of oil drums and gas flares while working aboard an offshore oil platform in the Persian Gulf s Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran, on Friday, Jan. 6. 2017. Photographer: Ali Mohammadi/Bloomberg ....