The beginning of a new era is approaching Saudi Arabia as it officially presents its “Vision 2030”, a plan for a post-oil economy. It will dedicate a whopping US$2 trillion toward a Public Investment Fund, which will be the largest sovereign wealth fund in the world and will help the country […]Continue Reading →
After months of dropping oil prices with no end in sight, it seems that the commodity has finally come to its senses, with Brent, the international reference, rising up from approximately US$30 to around US$40 in less than one month. The itching question on everyone’s mind is “will it last?”.
Let us recall in brief […]Continue Reading →
Although the rumor has been spreading for a while now, earlier this month Mohammed bin Salman al-Saud, Deputy Crown Prince of Saudi Arabia, announced that the state-owned national oil company Saudi Aramco was eyeing the possibility of an IPO. This consideration is said to come mostly in the wake of low oil prices, which […]Continue Reading →
Never say never, but unfortunately, things are not looking bright for the oil prices this year. Understanding the drop is essential to predicting future developments, and the nature of it pretty much boils down to the simple laws of supply and demand, athough the impact of a strenghtening US dollar and a reduction in investment […]Continue Reading →
Recent events around the globe have led to record-low oil prices, reminding us just how closely the price of oil is linked to geopolitics. Brent crude has fallen 50% since last June, dropping below the US$50 per barrel benchmark today, reaching its lowest since January 2013. Analysts have identified the main causes of this drop […]Continue Reading →