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Saudi forex under pressure as oil policy bitesDomestic macro costs of Saudi Arabia’s unchanged oil policy are likely to become more acute and apparent, a report said, highlighting that safeguarding forex reserves will require deep budgetary cuts at current oil prices, rather tha More… |
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Oil dips as glut outweighs Saudi reshuffleOil prices dipped on Wednesday as oversupply outweighed political uncertainty in Saudi Arabia where King Salman relieved the crown prince as well as several senior ministers and the chief executive of national oil company Saudi Aramco. More… |
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Saudi oil policy 'needs better communications'By John Kemp There are strong parallels between the price crisis in 1986 and the 30 per cent decline in oil prices over the last five months. Then, as now, a prolonged period of high prices had damped oil deman More… |
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Saudi Arabia 'continuing with its balanced oil policy'Saudi Arabia is continuing with its balanced oil policy to support the market's stability, Crown Prince Salman bin Abdulaziz Al Saud said at the G20 summit in Brisbane, Australia. "The Kingdom is continuing with its balanced po More… |
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Saudi oil policy needs better communications: Kemp"As a result of the fall in demand and the rise in non-Opec supplies, we recognised too late that oil was overpriced, that it had reached an unwarrantably high level, destroying the state of virtual equilibrium between supply and demand,&qu More… |
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Opec to discuss oil policy Feb 22 in RiyadhOpec ministers will discuss oil output policy on the sidelines of an international energy conference in Saudi Arabia on February 22, an Opec delegate said. The Organization of the Petroleum Exporting Countries is under pressure to raise ou More… |
