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  • OPEC Gets Jump on Planned Production Cuts, Slashes Output in December
     

    The nations forming the OPEC+ alliance slashed oil production in December, one month before the producer group officially began a fresh round of output cuts agreed to late last year in response to a global supply glut and fears of a worldwide recession, according to CNBC. OPEC’s oil output fell by 751,000 barrels per day, to 31.6 million […]

     
  • Reports: Potential Deal for New Saudi Investment in U.S. Energy Sector
     

    Saudi Arabia is reportedly eyeing an investment in U.S. liquefied natural gas (LNG) in what would mark a “sea change in the energy flows between the U.S. and Saudi Arabia,” the Wall Street Journal reported Tuesday citing unnamed sources. The WSJ reports the “landmark decision” would mark a shift for Saudi Arabia, which in the past has been an energy […]

     
  • Photos of Crown Prince Mohammed bin Salman, Top Saudi Leaders Visiting Remote Northwest Saudi Arabia Go Viral
     

    Photographs of Crown Prince Mohammed bin Salman and some of Saudi Arabia’s top officials visiting some of Saudi Arabia’s most famous mountains in the Northwest region of the country have gone viral on social media. The photos showing casually-dressed Saudi ministers and officials were taken last Summer by royal photographer Bandar Al-Jaloud at Jabal Al-Lawz (Almond Mountain) […]

     
  • Saudi Arabia’s Collections from VAT Double Expectations in 2018; Foreign Investment Rebounds
     

    Foreign investment into the Kingdom and VAT collections both more than doubled in 2018 over the previous year, government officials revealed this week as information regarding the Kingdom’s 2019 budget are published. Reuters reports that the Kingdom saw a rebound in foreign investment into Saudi Arabia in 2018 to 13 billion riyals ($3.5 billion), more than […]

     
  • Looking toward Africa, Saudi Seeks Red Sea Political, Economic Bloc
     

    Saudi Arabia is seeking a political and economic alliance with six countries bordering the Red Sea and the Gulf of Aden in a move aimed at strengthening its interests in the crucial waterway and in Africa, according to reports. Representatives from Egypt, Djibouti, Somalia, Sudan, Yemen and Jordan gathered in Riyadh on Wednesday to discuss the initiative, […]

     
  • Saudi Arabia Braces for More Dangerous Wet Weather
     

    Authorities in Saudi Arabia’s are cautioning that more thunderstorms and wet weather is on its way to several areas across the Kingdom, as locals brace for the potential for additional flooding and other hazards. The country’s General Authority of Meteorology and Environmental Protection warned that heavy winds along with thunder and rain would hit Jazan, […]

     
  • Saudi Arabia’s Public Prosecutor Seeks Death Penalty for 5 Khashoggi Murder Suspects
     

    Saudi Arabia’s public prosecutor is seeking the death penalty for five out of 11 suspects charged in the murder of journalist Jamal Khashoggi, Arab News and other local media report. The public prosecutor, Saud al-Mojeb, has concluded that an intelligence officer ordered Jamal Khashoggi’s murder, and not Crown Prince Mohammed bin Salman. Top aide to the Crown […]

     
  • Oil Prices Rise as Saudi Signals 1m Barrel/Day Cuts to Curb Supply Glut
     

    Oil prices rose on Monday after weeks of losses on oversupply and weak demand forecasts after Saudi Arabia signaled that it would cut supply in order to stabilize the markets. OPEC and its allies signaled a willingness to cut production next year by 1m barrels per day (bpd) on October 2018 levels, according to reports. That would […]

     
  • Crown Prince Mohammed bin Salman Launches Project for First Nuclear Plant in Saudi Arabia
     

    Saudi’s crown prince on Monday launched a project to build the first nuclear research reactor in the kingdom, Reuters reports, citing the Saudi Press Agency. The project is one of seven “cutting edge ventures” in the fields of renewable energy, atomic energy, water desalination, genetic medicine and aircraft design that were inaugurated by the crown […]

     
  • Saudi Arabia Adjusts National Transformation Plan (NTP)
     

    Saudi Arabia has adjusted some targets within its five-year National Transformation Plan (NTP), making changes to metrics on the official document that can be found on the Kingdom’s Vision 2030 website. Bloomberg first reported the changes on November 1, noting that the new document “doesn’t affect major fiscal or energy-related reforms” but nevertheless represents a scaling back of […]

     

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