New Report Available: United Arab Emirates Oil & Gas Report Q2 2015

Though global oil prices moderately rebounded from the precipitous deflation in 2014 - we expect the OPEC basket price to be at USD52.00 per barrel in 2015 - the long - term trajectory of stagnated pricing will continue to push petro-transitional countries like the UAE towards economic diversification. Under the right conditions, the pressure from decreased revenue can actually be a blessing in disguise. As the future success within the UAE's oil and gas industry will be inextricably linked to these economic diversification efforts, the greater revenue coming from non-hydrocarbon resources will invariably assist in production, transportation, and refining enhancements. The economic success that the country has experienced in the last five years has been skilfully recreating the conditions of a stable investment climate, which the immediate after-effects of the global financial crisis negatively impacted. With global oil prices now lessened as a result of continued hampered recovery in major global markets and the increase in global oil supply, the UAE needs to continue balance investment and growth in the non-hydrocarbon sectors while also maintaining and upgrading its domestic production capacity. Equally important will be the country's reaction towards the changing geopolitics of the region, whether it is the future of Iran-US relations or the containment and eventual demise of the Islamic State of Iraq and Syria (ISIS).

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2014 brought the UAE closer to its target of to 3.6mn barrels per day (b/d) by 2019. However, as a recent economic studies have argued, investments and focus on the non-hydrocarbon sectors, chiefly the non-oil sector, will be critical to the UAE's short-term growth, particularly as global supply, by reason of unconventional production, is slated to moderately increase in the future. BMI expects that with the dramatic price changes from 2014 to 2015 prices, though an increase will be seen, the UAE will moderately...

The United Arab Emirates Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for United Arab Emirates including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's United Arab Emirates Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Emirati oil and gas industry.

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for United Arab Emirates to test consensus views - a key input for successful budgeting and strategic business planning in the Emirati oil and gas market.

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