An increase in production from the U.S. and OPEC has offset any remaining upside potential for oil prices, according to one analyst, with crude futures on track to register a weekly loss. U.S. oil production surged by almost 600,000 barrels per day (bpd) in August, government data published Thursday showed, hitting a record of 12.4 […] Read more
A high-level committee of Saudi Basic Industry Corporation (Sabic) executives are working on a post-Aramco IPO (initial public offering) strategy, including possible acquisitions, as the kingdom puts the final touches on the critical stock market offering. “I am very optimistic,” Sabic Vice Chairman and CEO, Yousef Al Benyan, told a small roundtable of reporters at […] Read more
In this article, the author will reflect on how he visualizes the presidency of the subject summit, reaching out to what he sees as the most suitable agenda. The author referred in a previous article, to the press release that confirmed Saudi Arabia’s hosting the 2020 Summit, as such, he draws the reader’s attention to […] Read more
The World Trade Organization (WTO) has backed a U.S. request to impose tariffs on $7.5 billion of European goods, potentially sparking a new trade war across the Atlantic. Arbitrators from the WTO have granted President Donald Trump’s administration the right to levy billions against imports of European goods for what they say are illegal subsidies […] Read more
Oil will hit levels ‘we haven’t see in our lifetimes’ if Iran isn’t stopped, Saudi Crown Prince says
Saudi Arabia’s Crown Prince Mohammed bin Salman has warned of astronomical oil prices in the event that tensions escalate in the Persian Gulf, two weeks after his country was hit by a drone and cruise missile attack that Riyadh and Washington have blamed on Iran. “If the world does not take a strong and firm […] Read more
LUXEMBOURG — British Prime Minister Boris Johnson met with the European Union’s top executive on Monday for a set of lunchtime talks that both critics and allies have described as political theater, because his government continues to insist the U.K. will exit the EU at the end of October, with or without a negotiated agreement. […] Read more
In article one, we touched base on the G20, its creation and described some of its successes since its first meet in 2008. Here, we speak of the Saudi Vision 2030 and how it, generally, relates to the G20. The Kingdom recognizes the fact, that in a world that rapidly changes, it is the collaborative […] Read more
Saudi Arabia’s first participation in the G20 meetings, according to Wikipedia, was during the 2008 Washington summit. Saudi Arabia, was the tenth largest sovereign wealth fund in the world then, as well as, the second largest oil reserves. Initially, the Saudi entrance to the G20 was due to its economic importance as an “effective pricing […] Read more
President Donald Trump insisted Wednesday that the economy is healthy and said the only thing holding U.S. growth back is the Federal Reserve. In his latest slap at the central bank, the president called Fed Chairman Jerome Powell to a “golfer who can’t putt.” In tweets, he also claimed the country is “doing great with […] Read more
The British Chancellor of the Exchequer, Philip Hammond, announced on Sunday that he would resign if Conservative leader candidate Boris Johnson is elected as next British prime minister on Wednesday. “I intend to resign after prime minister’s questions on Wednesday”, Hammond told the BBC’s Andrew Marr Show. Hammond’s announcement came just before foreign office minister […] Read more
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