Writing in MEES, a Middle East oil and gas weekly magazine, Saudi finance expert Dr. John Sfakianakis says that the transfer of power from King Abdullah to King Salman is likely to represent a continuation of Saudi oil policy, particularly with respect to production levels.
Five main storylines have emerged in the international media as well as in conversations across the world about the passing of King Abdullah and the future of the Kingdom of Saudi Arabia. Here's what to read as President Obama prepares to meet with new King Salman bin Abdulaziz.
President Obama issued a statement today on the death of Saudi Arabia's King Abdullah bin Abdulaziz, expressing his condolences and "the sympathies of the American people" to the family of the King and the people of Saudi Arabia.
In dueling speeches as the Davos World Economic Forum in Switzerland, oil company heads and OPEC representatives clashed about the collapse in the price of oil, according to a report in Reuters.
The plant will produce 60,000 m3 of water a day to supply Al Khafji City in North Eastern Saudi Arabia, "ensuring a constant water supply throughout the year."
All in all, we are gearing up for an exciting year, marked by wealth creation, new success stories, and more power given to online consumers and businesses.
Markets around the world are guessing where the bottom might be for the price of oil. In the latest FocusKSA discussion, John Sfakianakis says that Saudi is still a key swing producer and that the current downside to oil's price might be exaggerated.
Last week, SUSTG's President Richard Wilson sat down with John Sfakianakis for a wide-ranging interview as part of SUSTG and SUSRIS' FocusKSA discussion series. Sfakianakis discussed Saudi Arabia's 2015 budget and why the government is spending despite falling oil prices.
