Down, But Not Out: How Saudi Arabia Will Avert an Oil Economy Collapse
The September 11 collapse of a crane at the Grand Mosque in Mecca provided a grave metaphor for Saudi Arabia experts. A number of observers, citing supposed infighting among senior Saudi royals, have predicted an unprecedented political upheaval. Other critics however, have focused on the precipitous drop in oil prices since June 2014 to argue that the kingdom is in serious economic...
OPEC+ producers are increasing output in the face of a global economic downtown. This will be a major test for non-OPEC producers, but OPEC+ seems confident that time is on its side.
Global demand forecasts by leading agencies have diverged sharply, reflecting a deepening sense of uncertainty about the future path of the global economy.
Proposed Russian investments may come in handy as Iran attempts to develop its gas infrastructure, but international sanctions and geopolitics pose major problems.
Saudi Arabia has a long and mixed track record of involvement in Yemen’s numerous political conflicts, dating back to the early 1960s. Until last year, the kingdom’s inclination was to either use its extensive contacts with political and tribal elements to forge negotiated settlements or to choose a side in the conflict, assist it financially—occasionally...
Media coverage of Saudi Arabia over the past year has largely focused on its new, more assertive foreign policy, as demonstrated by its military campaign in Yemen. More recently, a blueprint for economic reform known as “Vision 2030” aimed at reducing the country’s dependence on oil has attracted the attention of economists and energy analysts...
Much has been written and said in recent months about what some — myself included — have described as a “strain” in US-Saudi relations. Those who subscribe to this view have focused on what appears to be a philosophical difference between the administration of President Barack Obama and the Saudi leadership. While one of the pillars of the “Obama doctrine”...
The White House recently announced that U.S. President Barack Obama will visit Saudi Arabia in April as part of an overseas trip, with additional stops in Germany and the United Kingdom. The statement came as no surprise; the United States and the countries that constitute the Gulf Cooperation Council—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—had agreed...
Dec 2, 2015
Down, But Not Out: How Saudi Arabia Will Avert an Oil Economy Collapse
The September 11 collapse of a crane at the Grand Mosque in Mecca provided a grave metaphor for Saudi Arabia experts. A number of observers, citing supposed infighting among senior Saudi royals, have predicted an unprecedented political upheaval. Other critics however, have focused on the precipitous drop in oil prices since June 2014 to argue that the kingdom is in serious economic...
1 min read