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HomeSaudi Arabia oil dependency

Saudi Arabia oil dependency

Saudi Arabia increases crude output to cover market demand
Analysis

Analysis: Reasons why Saudi Arabia keeps playing the market’s game

August 11, 2016 Ahmed Rashed

Saudi Arabia just made it much more likely that OPEC and other oil producers will take action if crude prices weaken. The word that the cartel will meet on the sidelines of an energy conference [ More … ]

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports
Saudi Arabia News

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports

August 5, 2016 Ahmed Rashed

Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to September purchases, comes after two [ More … ]

Forbes: Saudi Arabia Is Changing Its Tone In The Oil Market
Analysis

Forbes: Saudi Arabia Is Changing Its Tone In The Oil Market

June 29, 2016 Ahmed Rashed

Saudi Arabia is talking the oil market up lately. That’s a big change from a few months when it was talking the market down.  In fact, Saudi Arabia has been doing much more than talking [ More … ]

Analysis: The Huge Political Risk of Saudi Arabia's Oil Reform
Analysis

Analysis: The Huge Political Risk of Saudi Arabia’s Oil Reform

June 25, 2016 Ahmed Rashed

On June 7, Saudi Arabia laid out its National Transformation Plan to shift away from an oil-based economy. To do so, the plan’s architect, Deputy Crown Prince Mohammed bin Salman, intends to create the world’s [ More … ]

Saudi Arabia: Aramco to Keep Spare Capacity in IPO
Saudi Arabia News

Saudi Arabia: Aramco to Keep Spare Capacity in IPO

June 16, 2016 Ahmed Rashed

The initial public offering of Aramo the world’s largest oil company will not mean an end to a long-time policy of keeping some of its production capacity idle to cushion any disruption in supply, Saudi [ More … ]

Saudi Arabia to tax tobacco and soda to create new income
Saudi Arabia News

Saudi Arabia to tax tobacco and soda to create new income

June 8, 2016 Ahmed Rashed

Saudi Arabia will introduce new taxes on products such as tobacco and sugary drinks in an attempt to increase government revenue and wean its economy off oil. The kingdom unveiled more details about its ambitious [ More … ]

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