Via The Cradle, Saudi Arabia’s Ministry of Investment signed $10 billion worth of investment agreements with Chinese companies on June 11, the first day of the 10th Arab-China Business Conference in Riyadh. The deals include […]
Saudi Arabia and China’s strengthening relationship is increasingly important to both Riyadh and Beijing as the kingdom pushes ahead with Vision 2030 and China with its Belt and Road Initiative (BRI). Saudi Arabia’s geoeconomic pivot […]
Saudi Arabia has signed a $5.6bn deal with a Chinese company to manufacture electric vehicles as the kingdom is looking to lead the Arab world in expanding economic ties with Beijing. The memorandum of understanding […]
Video Duration 26 minutes 00 seconds 26:00 Oil producers are facing falling oil prices – and bets by Wall Street speculators could push prices further down. Saudi Arabia says it wants to target those traders. […]
Video Duration 27 minutes 20 seconds 27:20 Top-level diplomacy often involves tricky footwork, but it rarely comes trickier than during US Secretary of State Antony Blinken’s trip to Saudi Arabia. In the few months since […]
ENB Publishers Note: While watching all of the fallout from this wild merger with LIV and the PGA, it occurred to me that we have to wonder how this came about. In stark contrast to […]
Saudi Arabia’s surprise June 4 announcement of an oil production cut pushed prices up, a bit. But there’s an important counterweight to Saudi Arabia’s heft in the global energy market: US producers. The rumored death […]
Saudi Arabia has said it will reduce how much oil it sends to the global economy by one million barrels per day (bpd), as the OPEC+ alliance of major oil-producing countries faces flagging oil prices […]
OPEC+ members in Vienna have agreed to extend crude production cuts into 2024. In a statement, the cartel said that it was acting ” to achieve and sustain a stable oil market,” and that it […]
Commentary by Ben Cahill Published June 2, 2023 There is growing speculation that the Organization of the Petroleum Exporting Countries and allied producers (OPEC+) will agree on June 4 to cut production. Brent crude prices fell below $73 […]
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