Saudi Arabia

IEA warns of ever-growing reliance on Middle Eastern oil supplies

Agency says rise in demand amid price slump has given region biggest market share since 1970s

Source:  FT, 2016/07/07

By |July 12th, 2016|Categories: News|Tags: , , , , , |

US holds more oil reserves than Saudi Arabia, Venezuela, new study shows

The US holds the world's biggest recoverable reserves of oil putting it ahead of OPEC giants Saudi Arabia and Venezuela as well as Russia, according to an independent study by Norwegian research group Rystad Energy.

Source:  Platts, 2016/07/04

Young Saudis on the spot as prince plans to expand private sector

Millions face rude awakening from cutbacks to civil service

Source:  FT, 2016/07/03

By |July 5th, 2016|Categories: News|Tags: , , |

Saudi Arabia Oil Minister Says Oversupply Has ‘Disappeared,’ Signals Kingdom’s Return To Oil Balancing Role

Saudi Arabia — the world’s largest oil exporter and the de facto leader of OPEC — may return to its traditional role of balancing supply and demand, the kingdom’s energy minister said Wednesday. Khalid al-Falih’s comments, reported by the state-run oil giant Saudi Aramco, suggest that the global oil glut that has led to a [...]

By |June 28th, 2016|Categories: News|Tags: , , , , , |

Saudi Arabia to Cut Public-Sector Wage Bill in Post-Oil Plan

Saudi Arabia plans to reduce the public-sector wage bill as well as subsidies by 2020, scaling back the state largesse that helped ensure political loyalty in the largest Arab economy. The reductions are a pillar of the National Transformation Program the Saudi cabinet approved on Monday. A major component of the Vision 2030 plan unveiled [...]

By |June 7th, 2016|Categories: News|Tags: , , , |

A little bit of the Donald…

We never saw it coming, but in the end, it seems that nothing is impossible in America. Donald Trump is thus going to be the next Republican official candidate for the next presidential election in the United States. So it is now necessary, even though really inconsistent, to have a closer look to Mr. Trump [...]

By |May 26th, 2016|Categories: Analyst's Insight|Tags: , , , , |

Estimated oil outages from OPEC countries

Note the increasing share of Nigeria and the appearance of Saudi Arabia and Kuwait.

Source: The Financial Times. Five things to watch for as oil nears $50 a barrel, May 18th 2016.

By |May 24th, 2016|Categories: Graph Analysis|Tags: , , , , , , |

Saudi raising oil output ahead of Aramco IPO

Production to increase before listing of state oil company at centre of reform programme

Source:  FT, 2016/05/10

By |May 17th, 2016|Categories: News|Tags: , , , |

The Saudi Reshuffle: five key reforms in Riyadh

The pushing aside of Saudi Arabia’s influential longstanding oil minister, Ali Naimi, has grabbed headlines around the world thanks to his position within global energy markets

Source:  FT, 09/05/2016

By |May 10th, 2016|Categories: News|Tags: , , |

Sweeping Saudi plan threatens to shift foundations of kingdom

Ambition to revolutionise economy in just four years will test social fabric of conservative state

Source:  FT, 2016/04/25

By |April 26th, 2016|Categories: News|Tags: , , |