Moody’s Investors Service changed its outlook for Saudi Arabia’s banks to negative from stable on the expectation that bad loans will rise over the next 12 to 18 months because Continue Reading
Saudi Arabia’s government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on contracts by at least 5 percent, Continue Reading
Saudi Arabia kept its crude oil production steady in February, pumping 10.22 million barrels per day (bpd), an industry source told Reuters on Monday, after the top oil exporter struck Continue Reading
“What if Riyadh’s oil wealth days are numbered?” American political analyst Phil Butler asks, shedding light on what “peak oil” means for the Western economy. Saudi aggression against Yemen and Continue Reading
They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew Continue Reading
Saudi Arabian Oil Co., known as Saudi Aramco, plans to nearly double its gas production to 23 billion standard cubic feet a day in 10 years, Chief Executive Amin Nasser Continue Reading
Saudi Arabia’s plans for economic reform foresee winding down ‘jobs for life’ in an inefficient state bureaucracy and replacing them with new careers in a dynamic private sector. That’s the Continue Reading
Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel Continue Reading
Even as Iran and Saudi Arabia supported opposite sides in a bitter and bloody proxy war in Syria, the two adversaries managed to preserve a tense calm just over the Continue Reading
Saudi Arabia’s decision to raise oil prices to its main customers in Asia may just be another sign that crude markets are indeed on the road to recovery. The world’s Continue Reading
