Middle East Economic Survey (MEES)

Weekly Data-Driven Middle East, North Africa Oil & Gas Analysis

The ‘oil age’ isn’t quite over yet. As the home of the world’s largest repository of low-cost barrels, the looming energy transition has strengthened the Gulf’s comparative advantage as an investment destination. This publication’s focus on the Middle East makes it one of the only resources to give a complete state-of-play and forward outlook for a region vital to energy security.

If you’re interested in oil, by default, the Middle East is of importance. Our institutional memory gives our team the ability to highlight future expectations. We deliver detailed insight into the many moving parts of a region vital to energy supply security and demand, and weekly consultancy-grade analysis and outlook.

MEES is a weekly forward-outlook energy publication that has a focus on the Middle East & North Africa, where most OPEC members are. This area is vital to energy security as they have the lion's share of proven world reserves and remain the most cost-efficient producers.

Focus on regions such as:

• Middle East Gulf: home to some of the world’s largest oil producers, including the five largest producers in Opec. It is 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.
• Africa: More than eight years on from the Arab Spring, instability remains the rule rather than the exception across North Africa. Egypt's economy is strengthening on the back of major offshore gas finds but political freedoms have been snuffed out. In Tunisia, freedom is greater but investment has nosedived amid instability. Libya remains an unstable mess with little sign of a resolution, whilst Algeria is at a crossroads.
• East Mediterranean: The Eastern Mediterranean is a global gas exploration hot-spot. The key discoveries, 2015's Zohr off Egypt and Israel's 2010 Leviathan, are both a whopping 22tcf. Cyprus and Lebanon are also hopeful of gas riches. But the region's complex geopolitics means that development, and thus revenues, have severely lagged discoveries.