Analysis

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.

• COVID-19

  

  Saudi Arabia takes cautious approach on Coronavirus as Kingdom suspends entry for Umrah pilgrimage, tourism

  SUSTG Team  |  2. 27. 2020

  Saudi Arabia has temporarily suspended arrivals by foreigners for the Umrah pilgrimage and tourists from two dozen countries where the new coronavirus has spread, according to a report in Reuters, in hopes that the Kingdom might stay head of the looming threat of a pandemic.

• Leadership

  

  New Saudi Ministers of Investment, Sports and Tourism Sworn In by King Salman

  SUSTG Team  |  2. 26. 2020

  The new Saudi ministers of sports, tourism and investment were sworn in on Wednesday before Custodian of the Two Holy Mosques King Salman bin Abdulaziz.

• 

  Saudi Aramco Plans to Invest $110 Billion to Develop Unconventional Gas Reserves in Saudi Arabia’s Jafurah field

  SUSTG Team  |  2. 24. 2020

• U.S.-Saudi Relations

  

  On Third Day of Saudi Trip, Pompeo Tours Saudi Airbase, Meets with Crown Prince Mohammed bin Salman

  SUSTG Team  |  2. 21. 2020

  Secretary of State Michael Pompeo met with Crown Prince Mohammed bin Salman and separately with Prince Khalid Bin Salman in Saudi Arabia on his third and final day of a visit to the Kingdom, according to reports, before taking a tour of a key Saudi Arabian air base.