Are The Saudis Facing A Full-Blown Liquidity Crisis?
Riyadh Saudi Arabia Previously we documented that as a result of the still low oil prices, largely a result of Saudi Arabian strategy to put high cost producers out of Continue Reading
Saudi Arabia’s credit rating lowered
While strong when compared with other sovereign credit ratings, Saudi Arabia’s fiscal health remains under threat from low oil prices, Moody’s said. Moody’s Investors Service said the drop in crude Continue Reading
After 41 Years, Saudi Arabia’s Treasuries Holdings Are Unveiled
After 41 Years One of the great mysteries of the $13.4 trillion Treasuries market has been solved after more than 41 years. The Treasury Department on Monday released a breakdown Continue Reading
Saudi Arabia Loses No. 1 Spot to Iraq in Crude Exports to India
Tanker India Iraq has now overtaken Saudi Arabia in crude oil exports to India, shipping some 960,700 barrels per day (bpd) to India in April, against Saudi Arabia’s 787,700 bpd Continue Reading
Saudi Arabia and Bahrain See Low Oil Price Prompt Ratings Cut
Middle Eastern oil producers including Saudi Arabia and Oman had their ratings downgraded by Moody’s Investors Service because of a collapse in oil prices, according to a statement from the Continue Reading
Saudi Arabia is a kingdom on the cusp of transformation
Saudi Arabia is going through one of the most difficult periods in its modern history. Oil prices have dropped from a July 2014 high of $115 per barrel to less Continue Reading
Saudi Arabia’s Desperation Hits a Peak
“Off with his head!” Okay, so maybe the order to fire Ali al-Naimi, Saudi Arabia’s oil minister, didn’t sound that drastic when it was issued. However, that doesn’t diminish how Continue Reading
Saudi Aramco Likely to Step Up Production
Saudi Arabia’s state-owned oil company is likely to increase its production to meet rising demand this year, its chief executive said Tuesday, potentially adding a new flood of crude to Continue Reading
Iranian oil minister accuses Saudi Arabia of undercutting prices
Iran’s Oil Minister Bijan Namdar Zanganeh has reportedly accused Saudi Arabia of discouraging customers from buying Iranian crude by offering lower prices. In comments made at a meeting of incoming Continue Reading
Can Saudi Arabia Really Break Its Dependence On Oil?
Saudi Refinery Saudi Arabia appears committed to its recently-announced long-term economic plan, dubbed Vision 2030, which aims to remove the country’s economic dependence on oil exports within the next several Continue Reading