Economy

OIL PRICE

OPEC, Russia Will Cut 1.2 million Barrels of Oil Production a Day; Price Jumps

H.E. Khalid Al-Falih.
OPEC and Russia have agreed to collectively throttle back oil production by 1.2 million barrels per day to dry up a global supply glut, according to energy reporters from the Wall Street Journal.

ECONOMY

Saudi Private Sector Growth hits 11 Month High as Economy Adjusts to Reforms

audi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, Reuters reports, citing a monthly survey of companies.

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