Global oil prices were marginally improved in September but the combination of oversupply and sluggish demand continued to bear on WTI and Brent prices, Jadwa Investment said in its latest edition of the monthly Chartbook. However, from a regional perspective, Saudi crude oil production increased by 7% on comparable 2014 levels. It is envisaged that Saudi crude oil production will remain around current levels for the foreseeable future. Non-oil exports in July remained 20.6 percent lower than the same period last year. Petrochemicals and plastics, the two largest non-oil exports, continued to be the hardest hit so far in 2015, falling more so compared to other non-oil exports. Imports also fell by 12.2 percent, year-on-year. Meanwhile, bank holdings of government bonds rose sharply in August reflecting the new approach in government financing strategy. More funds were spent on capital projects and it is envisaged that more government bond issuance […]