Search Results for: Saudi Arabia
Saudi Arabia seeks $8bn loan to plug fiscal deficit caused by low oil prices
March 10th, 2016
Saudi Arabia is looking to raise as much as $8bn (£5.6bn; €7.3bn) from international lenders to help plug a record budget deficit caused by low oil prices. Citing sources, the Wall Street Journal said the kingdom is also considering ...
Saudi Arabia to hold out bond mandate prospect to banks
March 8th, 2016
Banks were briefed that the largest lenders on the loan, which may be as much as $10 billion, will also probably be appointed to arrange the bond Dubai: Saudi Arabia is holding out the prospect of a role in ...
Shale Oil Isn’t Saudi Arabia’s Only Nemesis
March 2nd, 2016
Even when glut stops growing, market might shrug: SocGen History shows oil rebound will hinge on stockpiles: Goldman Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary. ...
Oil Prices Rally On News Of Russia, Saudi Arabia Meeting
February 26th, 2016
Oil prices jumped by more than 2 percent on February 25 after Venezuela said top oil producers Russia and Saudi Arabia will meet again in mid-March to discuss their proposed output freeze. Russia and OPEC members Saudi Arabia, Venezuela, ...
Oil crisis: Prices decline again after Saudi Arabia refuses to cut production
February 19th, 2016
Oil prices declined after Saudi Arabia’s foreign minister Adel al-Jubeir said that his country will not cut production. The statement made on 18 February is contrary to what Saudi Arabia had agreed to at the recent emergency meeting in ...
No Agreement on OPEC Meeting After Venezuela Meets With Saudi Arabia
February 9th, 2016
The prospects for an emergency OPEC meeting to initiate coordinated production cuts took a hit this weekend. Venezuela’s oil minister Eulogio del Pino flew to Riyadh to meet with Saudi officials, which followed a recent trip to Moscow to ...
Russia is now China’s biggest oil partner — and it’s a huge problem for Saudi Arabia
February 4th, 2016
Saudi Arabia has long trumped Russia in the Chinese oil market. The Saudi share of Chinese crude imports at the beginning of the decade was about 20%, while Russia’s was below 7%, according to data cited by RBC Capital ...
Lower oil prices hit UAE and Saudi Arabia economies, latest PMI survey shows
February 4th, 2016
The economies of the UAE and Saudi Arabia slowed further last month, according to monthly trackers of business activity published yesterday, as falling oil prices and a stumbling global economy hit the region. The UAE purchasing managers’ index, which ...
Saudi Arabia struggles to cope with cheap oil
February 1st, 2016
Saudi Arabia has managed to buy itself a couple of months. The global rout of oil prices is taking its toll on the kingdom’s bottom line. The country has been forced to cut government spending in its upcoming budget ...
Saudi Arabia Said to Ban Betting Against Its Currency
January 21st, 2016
Central bank said to give directive at Jan. 18 Riyadh meeting Riyal forwards jump to highest in at least 2 decades in Jan. Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to ...
