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Saudi Arabia

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OPEC Says Weak Oil Prices to Curb Output

19/01/2016(0)
Cartel forecasts non-OPEC output to decline this year Oil prices remained below $30 a barrel Monday but the Organization of the Petroleum Exporting Countries flagged the potential for a recovery, saying ... Read More
oil

Falling oil prices: How are countries being affected?

19/01/2016(1)
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, ... Read More
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War Between Saudi Arabia And Iran Could Send Oil Prices To $250

14/01/2016(0)
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into ... Read More
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When OPEC cuts output, oil prices will begin to climb

13/01/2016(0)
While the consensus view is the the oil price will go even lower yet, once production is reduced it will start rising again. There’s a very good reason why the ... Read More
saudi-arabia

Oil prices volatile after Saudi Arabia cuts ties with Iran

05/01/2016(0)
Oil prices went on a roller-coaster ride Monday after Saudi Arabia and some of its allies severed diplomatic ties with Iran. The rising tension in the Middle East sent ... Read More
oil

Oil surges on Saudi Arabia, Iran tensions

04/01/2016(0)
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian ... Read More
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Saudi Arabia reveals cuts plan to shrink $98bn budget deficit

29/12/2015(0)
Sparked by plunging oil prices, the 2016 budget marks biggest shakeup in years and includes politically sensitive reforms Saudi Arabia has announced plans to cut government spending and reform its ... Read More
arab markets

Saudi Arabia Set to Announce 2016 Budget Amid Oil Plunge

28/12/2015(0)
Budget is 1st under King Salman, may see capital spending cut Kingdom may post a budget deficit of 20% of GDP this year Saudi Arabia, seeking to cope with ... Read More
saudi-arabia

Saudi Arabia Spends Billions to Get Asia Hooked on Its Crude Oil

17/12/2015(0)
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds ... Read More
Dollar-and-oil-Dec-15

Falling Oil + Rising Dollar = Crisis For A Whole Lot Of People

10/12/2015(0)
Oil is plunging again, this time in the wake of OPEC’s inability to limit its members’ production. The US dollar, meanwhile, is up on the divergence between Fed tightening ... Read More
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