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
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
“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
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
An international independent audit of the oil reserves of Saudi Aramco has more than confirmed the official figures released by Riyadh for three decades , putting the number at 270 Continue Reading
Saudi Arabia’s success in leading both OPEC and non-OPEC production partners in reigning in record high OECD oil inventories amid the group’s ongoing oil output cut is starting to pay Continue Reading
Having slashed Saudi crude imports for May by 40 percent, China’s Sinopec—the largest oil refiner in Asia—will continue to cut imports of the flagship Saudi crude grade in June and Continue Reading
After the roil in global oil markets between 2015 and 2017 sent oil prices tumbling from more than $100 per barrel in mid-2014 to below the $30 per barrel mark Continue Reading
The global market has the capacity to absorb higher oil prices, Minister of Energy, Industry and Mineral Resources Khaled Al-Faleh has said. Faleh’s statement at a meeting of oil producers Continue Reading
Saudi Arabia is rumored to want oil prices at $100 per barrel , but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials Continue Reading
