Dec 15, 2020·Saudi economicrecovery bodes well for 2021 indicators, says finance minister December 15, 2020 DUBAI, Dec 15 (Reuters) –Saudi Arabia’s finance minister said on Tuesday that mosteconomicsectors in the kingdom have started to recover from the impact of COVID-19 and the recovery in the last two quarters of the year bodes well foreconomic...
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Mar 09, 2020·Saudi Arabiaalso reportedly planned to boost its oil production by well over 10 million barrels per day. West Texas intermediate crude was plunging more than 22 percent, the biggestloss…
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Mar 12, 2020· By Sherry Su and Javier BlasSaudi Arabiais unleashing a wave of crude toward Europe, traditionally the backyard for Russian oil sales, pledging to supply regional refineries with as much as triple their usual intake from the kingdom. TheSaudishipments, coupled with unprecedented discounts, are turning the European oil market into the most bitterly fought corner of an increasingly ...
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The pandemic has put further pressure onSaudi Arabia's strugglingeconomy. Credit: AP Such backfires may not matter much withinSaudi Arabia, where the media is tame and criticism easily cowed.
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Mar 09, 2020· Analysts say Russia andSaudi Arabiaappear to be battling each other but are really at war with the U.S. oil industry, sucker punched by a sudden 30% decline in oil prices.
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Exacerbating that harm is the collapse of OPEC+ talks betweenSaudi Arabiaand Russia, whose collective caps on oil output have put a floor beneath oil prices in recent years. A weakened American ...
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Nov 06, 2019·Saudi Arabia's state oil monopoly makes more money than any other company on Earth. But low oil prices, the climate crisis and geopolitical risk could deter investors from buying into the …
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May 06, 2020· ForSaudi Arabia, there will have to be cuts to public spending, but public sector wages will be at the end of that process. (The government recently announced that private sector wages could be reduced by companies by up to 40%; the government had earlier guaranteed to support citizens' wages in the private sector at up to 60% of their salaries with a $2.4 billion support fund).
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Over the longer term, the conclusion that the government's reform efforts will fall substantially short of itseconomicand fiscal objectives, with the debt burden continuing to rise leavingSaudi Arabiapersistently and significantly exposed to further oil market shocks and rising social pressures, would also put downward pressure on the rating.
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Oct 15, 2020· Back in mid-August 2012, theSaudi ArabiaOil and Gas Company, Aramco was hit by a cyber-attack that resulted in the company’s entire network being …
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