Analysis

Report: For Now, OPEC+ Resists Calls by U.S. for Increased Oil Production

• SUSTG Team
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• 8. 17. 2021

The so-called OPEC+ group of oil producing nations, including Russia, "believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise," a report in Reuters said.

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  ‘All Around the Region, Iran Continues to be Emboldened,’ Saudi Arabia’s Foreign Minister Says at Virtual Forum

  SUSTG Team  |  8. 4. 2021

  Saudi Arabia's foreign minister Prince Faisal bin Farhan al Saud said on Tuesday he sees an emboldened Iran acting with increased malign intent in the region in an appearance at a virtual gathering of the Aspen Security Forum.

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  Finance, Insurance Sectors in Saudi Arabia Latest to Move Toward 100% Saudization

  SUSTG Team  |  7. 28. 2021

  The finance and insurance sectors in Saudi Arabia will move toward implementing total Saudization with the hiring of Saudi nationals in as many as 91,000 jobs that are currently occupied by non-Saudis, according to a report from the local Okaz/Saudi Gazette.

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  Saudi Arabia’s Stock Market Has Best First Half in 16 Years – Report

  SUSTG Team  |  7. 1. 2021

  Saudi stocks wrapped up the best first half in 16 years, after rallying 26% in 2021 so far, Bloomberg reports.

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  Kingdom’s Net Foreign Assets Fall Again, but Higher Oil Prices Should Lift Reserves in Coming Months

  SUSTG Team  |  6. 29. 2021

  Saudi Arabia's net foreign assets fell again in May by 0.8% after reaching a 10-year low last month, according to reports, but higher oil prices should boost government figures in the coming months as the Kingdom ramps up production to meet demand.

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  Saudi Arabia Plans to Auction Two Major Mining Licenses in 2022 as Kingdom Seeks to Boost Foreign Investments

  SUSTG Team  |  6. 18. 2021

  Saudi Arabia will begin auctioning off two licenses to mine in then mineral-rich Kingdom starting next year, the vice-minister for mining affairs, Khalid al-Mudaifer, told S&P Global Platts on June 16 in an exclusive interview.

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  Saudi Arabia Updates Travel Ban List, Removes 11 Countries

  SUSTG Team  |  6. 9. 2021

  Saudi Arabia has reduced the number of countries where its nationals and citizens are banned from traveling from 20 to just 9 as it continues to open up its airways following the global pandemic.

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  U.S. Defense Secretary Austin, Crown Prince Mohammed bin Salman Speak by Phone; U.S. ’emphasized U.S. Commitment to Helping Saudi Arabia Defend its Territory’

  SUSTG Team  |  6. 3. 2021

  U.S. Defense Secretary Lloyd J. Austin III spoke with Saudi Crown Prince Mohammed bin Salman on Wednesday and emphasized that the U.S. was committed to helping Saudi Arabia defend its territory and people, the Pentagon said in a statement.

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  OPEC+ Believes Glut Created with Pandemic ‘Nearly Gone’, Sees Stockpiles Diminishing Rapidly in 2021 – Report

  SUSTG Team  |  6. 1. 2021

  The so-called OPEC+ coalition of oil-producing nations lead by Saudi Arabia and Russia is "expecting world oil markets to get acutely tight" in 2021, a year after taking the unprecedented steps of slashing production in the face of weak demand created by the Coronavirus pandemic, Bloomberg reports.

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  Entertainment Activities to Resume in Saudi Arabia after Coronavirus Shutdowns, Authorities Announce

  SUSTG Team  |  5. 28. 2021

  Saudi Arabia has announced that entertainment activities and events across the Kingdom may resume after months of shutdowns and cancellations in order to curb the spread of the Coronavirus pandemic, according to Gulf News.