Saudi Arabia

Oil eases from 2-1/2 year highs, focus on Saudi tensions – Reuters – 06/11/2017

Oil settled lower on Tuesday after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.

Source:  Reuters, 2017/11/06

By |November 9th, 2017|Categories: News|Tags: , , |

How Saudi Arabia Is Building Its $2 Trillion Fund – Bloomberg – 23/10/2017

Saudi Arabia is stepping up plans to turn its sovereign wealth fund into a global giant. This week, it’s holding a coming-out party of sorts for the Public Investment Fund, which is central to the government’s effort to diversify the economy away from oil, under a plan known as Vision 2030. The Saudis are hosting [...]

By |October 27th, 2017|Categories: News|Tags: , , |

Saudi Arabia curbs oil exports to combat glut – Financial Times – 09/10/2017

Saudi Arabia is allocating fewer barrels of crude for export next month and at a level below current demand, emphasising the effort by global producers to reduce surplus inventories.

Source:  Financial Times, 09/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

Saudi Arabia Sells $12.5 Billion of Bonds – The Wall Street Journal – 27/09/2017

DUBAI—Saudi Arabia on Wednesday sold $12.5 billion worth of bonds, the largest sovereign debt issue this year, as the kingdom taps the international markets again to bolster its finances hurt by lower oil prices.

Source:  The Wall Street Journal, 27/09/2017

By |September 28th, 2017|Categories: News|Tags: , , |

Saudis Prepare for Possible Aramco IPO Delay to 2019 – Bloomberg – 13/09/2017

Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.

Source:  Bloomberg, 13/09/2017

By |September 14th, 2017|Categories: News|Tags: , , |

The Trump administration: from climate Scylla to energy Charybdis

It was expected that the Trump administration would not waste time in implementing his campaign promises. In fact, within a few months, a handful of decisions are breaking down regulatory provisions that would have helped the United States meet the energy and climate challenges of the coming decades. Under the guise of restoring optimal conditions [...]

By |June 8th, 2017|Categories: Analyst's Insight|Tags: , , , , , , , |

Saudi Arabia Maintains Renewable Energy Push, Seeks 10% By 2023 – Clean Technica – 18/04/2017

Saudi Arabia’s Energy Minister has announced that his country is aiming to produce 10% of its power from renewable energy sources by 2023, and seeks to complete 30 solar and wind energy projects with a total of 9.5 gigawatts of renewable energy.

Source:  Clean Technica, 2017/04/18

By |April 20th, 2017|Categories: News|Tags: , , |

OPEC Revenue up 17% After Production Cuts: Baird – Oil & Gas 360 – 07/03/2017

OPEC may be better off since its recent cuts, with revenues up since cuts were implemented, according to a release by Baird Equity Research.

Source:  Oil & Gas 360, 2017/03/07

By |March 9th, 2017|Categories: News|Tags: , , , |

Saudi Arabia kicks off a $50bn renewable energy plan to cut oil use – africanews.com – 21/02/2017

Saudi Arabia has announced a kick-off of a $50 billion renewable energy project as the world’s top crude export turns to solar and wind power in meeting growing energy demand.

Source:  africanews.com, 2017/02/21

By |February 23rd, 2017|Categories: News|Tags: , , , |

Saudi public debt climbs back to 14% of GDP – TheNewArab – 01/12/2016

Saudi Arabia's ministry of finance announced a total public debt of 342.4 billion riyals ($91 billion) on Wednesday night, as the country adjusts its economy in line with cheap oil prices.

Source:  TheNewArab, 2016/12/01

By |December 8th, 2016|Categories: News|Tags: , , , |