Banks Expect Oil Prices to Remain High
Banks raised their forecasts for oil prices for the seventh month in a row in April on the back of heightened geopolitical risks and OPEC-led production cuts. The price of Continue Reading
Could Oil Actually Hit $300?
Speculating on the price of oil is a favorite pastime in certain circles, and these include hedge funds. One prominent member of the hedge fund crowd this week said crude Continue Reading
100 Offshore Projects To Be Sanctioned In 2018
The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects Continue Reading
Geopolitical energy risks become more acute
Geopolitical risks to energy supplies have affected oil prices in recent months. With global oil markets now largely rebalanced these risks have become more acute. Flashpoints in the Middle East Continue Reading
It may be five years before Saudi oil production returns to historic levels
It could take five years for Saudi Arabian oil production to return to levels from two years ago and that leaves overall GDP constrained, Moody’s said. Saudi Arabia is the Continue Reading
Iran expects U.S. to walk away from nuclear deal
Saying the United States is likely to walk away from a U.N.-backed nuclear agreement next week, OPEC-member Iran said it was making budget preparations. U.S. President Donald Trump needs to Continue Reading
Renewable energy use accelerating, but progress is lacking
While growth in the pace of renewable energy deployment is impressive, other parts of the sector are not up to par, a consortium of industry organizations said. Delegates from groups Continue Reading
Can The Saudi Stock Exchange Handle An Aramco Listing?
The Saudi stock exchange, Tadawul, will make sure that the weighting of the oil giant Aramco in the bourse’s main index will not be too big , the Saudi stock Continue Reading
Saudi Arabia Needs Much Higher Oil Prices
“The improvement in the overall economic conditions with growth recovering this year – it is expected to be at 1.8 percent – will help them to maintain the pace of Continue Reading
Saudi Arabia needs oil at $85 a barrel to balance budget
Moody’s rates Saudi Arabia as A1 stable, with a strong fiscal position and significant liquidity buffers While a new Moody’s Investors Services says that Saudi Arabia’s credit outlook is stable Continue Reading