Trump’s Middle East investment blitz faces harsh economic reality
Gulf states pledged US$2 trillion. Experts doubt it will ever happen
Category: Saudi Arabia
Saudi Arabia
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Is OPEC+ demise imminent?
OPEC+ faces an uncertain future amid slackening global oil demand and waning co-operation
Crude oil prices fluctuate after Saudi Arabia’s surprise production cut
But cut overshadowed by worsening global consumption outlook, geopolitics
Riyadh continues to push for higher crude oil market prices
Saudi Arabia requires US$80.90 per barrel oil if it is to meet its budgetary needs
Riyadh’s campaign for lower OPEC+ output clashes with Russia’s needs
Analysts doubt Russia’s appetite for additional production cuts
The future price of crude oil still uncertain
International Energy Agency (IEA) is warning of higher oil prices in the second half of the year, but …
OPEC+ decision to cut output sends a political message to Washington
Riyadh is no longer willing to toe Washington’s line and its interests now reign supreme
