Economy

Aramco’s journey reflects not just the shift in Saudi energy policy but a broader reimagining of what national oil companies can achieve on the global stage.

The global oil market will be challenging for OPEC+ members in 2025, although the likelihood of tougher sanctions on Iranian oil exports under the Trump administration may create space for production increases by other OPEC+ members.

Trump’s unrealized quest to craft a major international agreement presents significant potential opportunities for Riyadh.

On Syria, the United States risks becoming increasingly out of step with its key allies, who have moved toward diplomatic engagement.

Aramco is unlikely to be able to sustain its current dividend payout absent a strong rebound in oil revenue. A reduced dividend would have negative implications for the finances of the government and Public Investment Fund.

Whether or not former President Donald J. Trump wins the presidency for a second time, his commercial brand will remain a visible feature of the Gulf region.

The outcome of the U.S. presidential election is unlikely to have a major impact on the Saudi economy in 2025, but policy differences between the two candidates could have longer-term implications for the kingdom.

On October 22, AGSIW hosted a discussion on Oman's economic reforms.