Saudi Market Decisions, and The Global Oil Economy
Throughout my research on the Saudi Arabian Oil Economy I focused on the most up to date and relevant sources of information regarding the current economic circumstances of globalization and the Middle...
View ArticleSet back on oil prices
Saudi Arabia speculates the increase demand in future oil consumption. They focus to capture deals with large Asian consumers by providing them with reliable and cheap oil, while maintaining their...
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Weaponizing Oil
One of the factors which have a direct affect on every economy who greatly depend on oil as income, is the alternation of market prices to oil itself. How do these market prices get altered? Well for...
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Saudi Government’s Interest in Market Share
As mentioned plenty of times throughout this blog, Saudi Arabia continues to refuse to cooperate with OPEC and non-OPEC members in order to bring down oil prices by cutting production. They claim that...
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Saudi’s Intervention in Yemen
Iranian Supreme Leader Ayatollah Ali Khamenei claims Saudi’s action and airstrikes as a “genocide” in Yemen. At least 540 people have been killed, 331 of them being civilians, 74 of which are children,...
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Saudi Projects Future Growth, and Backs it up with Ramped up Production. But...
Saudi oil minister, Ali al-Naimi, claims high future growth in oil consumption. This could only lean to one thing, projected prices of oil to grow in the future due to an increase in demand. Currently,...
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Recap of Current State of Middle Eastern Oil
There is still mild concern about the possibilities of production disruption that Yemen could bring upon Saudi Arabia considering their current conflict, and their geographical circumstances. To...
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Saudi Arabia’s Fight for Global Market Share
Recently, Saudi Arabia’s state-owned oil company, Saudi Aramco, has claimed that it aims to increase supplies to China. Their reasoning being the direct relationship in investment, supply and...
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Oil Production & Recent Conflict in Middle East
Oil prices rose on Thursday (3/26/2015) due to the fighting between the Arabs and Houthi Rebels in Yemen. The interesting thing about this is that oil production did not change at all (supply) however...
View ArticleCause and Effect of recent slump of oil prices
Saudi Arabia has refused to cut back on its oil production as suggested by many countries participating in the oil industry. They blame non-OPEC cooperation and speculators for the all time low prices...
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