Analysis

SAUDI ARAMCO

Saudi Aramco’s Share Price Bounces Back to Pre-Oil Price Fall Levels as Crude Prices Rebound

• SUSTG Team
• |
• 5. 20. 2020

Shares in Saudi Aramco bounced back to pre-oil price war levels after gaining as much as 3.09% on Tuesday, an encouraging sign that oil demand may be gaining again and a global glut of crude is beginning to clear.

• Al-Ula

  

  Saudi, International Team Begin 5-Year Archeological Excavations of Kingdom’s Al-Ula Sites

  SUSTG Team  |  5. 15. 2020

  Saudi Arabia has kicked off an international five-year long archaeological mission to excavate key sites at Al-Ula in the Kingdom, the ancient heritage site of the Dadan and Lihyan kingdoms.

• Agriculture

  

  Saudi Arabia’s progress toward food security, water conservation accelerated by Coronavirus crisis

  SUSTG Team  |  5. 13. 2020

  Saudi Arabia is adjusting to the new realities of the Coronavirus by making strategic investments domestically and internationally into its food supply and agriculture sectors, according to reports.

• Golf Saudi

  

  Women’s Historic Inaugural Golf Event in Saudi Arabia Rescheduled for October

  SUSTG Team  |  4. 14. 2020

  The first women's professional golf event to be staged in Saudi Arabia, the Aramco Saudi Ladies International presented by Public Investment Fund, has been rescheduled for Oct. 8-11, receiving a new date after postponement last month due to the coronavirus pandemic.

• Oil Markets

  

  Russia, Saudi Arabia and OPEC Reach Deal for Historic Production Cuts

  SUSTG Team  |  4. 13. 2020

  Russia, Saudi Arabia and OPEC reached a historic deal on oil production cuts over the weekend, agreeing to cut almost 10 percent of global supply with Russia and Saudi Arabia bearing the brunt of the cuts.

• PIF

  

  Saudi Arabia’s PIF Bulks Up Energy Holdings with $1 Billion in Four Major European Oil Companies

  SUSTG Team  |  4. 9. 2020

  Saudi Arabia’s Public Investment Fund has "amassed stakes worth roughly $1 billion in four major European oil companies," the WSJ reports, as the deep-pocketed sovereign wealth fund goes on a buying spree of assets on the cheap amidst a global economic downturn.

• G20

  

  King Salman bin Abdulaziz Al Saud Chairs ‘Extraordinary’ G20 Virtual Summit to address the COVID19 crisis

  SUSTG Team  |  3. 26. 2020

  Saudi Arabia's King Salman chaired a virtual G20 summit via video teleconference with world leaders to address the COVID19 crisis under the G20 Saudi Arabia Presidency.

• COVID-19

  

  Saudi Arabia reports first death from COVID-19, 205 new cases

  SUSTG Team  |  3. 24. 2020

  Saudi Arabia on Tuesday reported its first death from the coronavirus, and 205 new cases, bringing the total number of confirmed cases to 767, according to reports.

• COVID-19

  

  Saudi Arabia Expands Preventative COVID-19 Travel Restrictions as Some Analysts Praise Kingdom’s Response

  SUSTG Team  |  3. 20. 2020

  Saudi Arabia continued to expand rules and regulations to prevent the spread of COVID-19 in the Kingdom and King Salman gave a rare speech to address the Saudi public on Friday, as the world seeks to stop the spread of the deadly virus and calm global markets.

• Global Oil Markets

  

  Saudi-Russia Still in Communication on Oil Policy; Former Minister Al-Falih Speaks with Russia’s Novak

  SUSTG Team  |  3. 10. 2020

  Saudi Arabia and Russia dug in on the potential for an oil price war on Tuesday, with each indicating they are willing and able to open the spigots after the two sides failed to reach an agreement on supply curbs which sent global markets to major losses, according to reports.