Reuters (September 8)
“Britain’s shaky ambitions to be the ‘Saudi Arabia of wind’ now stand at a blustery crossroads. Developers had been warning for months that the UK’s latest offshore wind auction, divulged on Friday, would receive no takers. Now that it’s happened, it may spur much-need action…. The very real prospect of zero wind schemes ought to be the kick up the backside UK politicians need to make the terms more appealing.”
Tags: Ambitions, Auction, Blustery, Crossroads, Developers, Offshore, Saudi Arabia, Shaky, UK, Warning, Wind, Zero wind schemes
Investing.com (July 2)
“Oil prices settled down 1% on Monday as worries about a slowing global economy and possible U.S. interest-rate hikes outweighed supply cuts announced for August by top exporters Saudi Arabia and Russia.”
Tags: August, Down, Exporters, Global economy, Interest rate hikes, Oil prices, Russia, Saudi Arabia, Supply cuts, U.S., Worries. Slowing
OilPrice.com (March 7)
There is scant “spare oil production capacity globally.” This mostly lies with Saudi Arabia and the United Arab Emirates. U.S. shale firms “are expected to raise oil production this year compared to 2022,” but might surprise on “the downside due to supply chain and labor bottlenecks, cost inflation, and the industry’s strategy to reward shareholders and pay down debts instead of taking on more debts to boost output.”
Tags: 2022, Cost inflation, Debts, Downside, Labor, Oil, Production capacity, Saudi Arabia, Shale, Shareholders, Supply chain, U.S., UAE
The Week (March 4)
“An advertisement seeking 30 women to drive bullet trains drew more than 28,000 female applicants in Saudi Arabia last week, revealing massive demand for jobs as the kingdom loosens restrictions on women’s employment.”
Tags: Advertisement, Bullet trains, Demand, Employment, Female applicants, Jobs, Kingdom, Loosens, Restrictions, Saudi Arabia, Women
Bloomberg (April 13)
“OPEC+ group of countries, led by Saudi Arabia and Russia, finally agreed to a record cut in their oil production in response to the coronavirus-triggered collapse in demand. But the deal will come under pressure when the world becomes a more normal place again.” When demand returns, “the great battle for market share between the Americans, the Saudis and the Russians will probably restart.”
Tags: Battle, Collapse, Coronavirus, Demand, Market share, Oil production, OPEC, Pressure, Record, Russia, Saudi Arabia
Reuters (March 9)
Two black swans have collided. “Financial markets have been thrown into turmoil following Saudi Arabia’s response to the collapse of OPEC+ talks and concerns about the global spread of the coronavirus.”
Tags: Black swans, Collapse, Collided, Financial markets, OPEC, Saudi Arabia, Turmoil
Reuters (September 16)
“The last thing the slowing world economy needs is a big and unexpected disruption in oil output.” The drone attacks “took out roughly half of Saudi Arabia’s crude output appear to fit that bill. But even fragile global growth can probably withstand this first cut.” However, if “sustained disruptions to Middle Eastern oil supply–or anything that heightens the risk of them–will buoy crude. That will deliver the deepest cut to growth.”
Tags: Crude, Crude output, Disruption, Drone attacks, Economy, Fragile, Growth, Middle East, Oil, Output, Risk, Saudi Arabia, Supply, Unexpected
New York Times (November 21)
Donald Trump stood up “for Saudi Arabian values. He disregarded the C.I.A.’s conclusions and American values in swallowing the Saudi version of the murder of journalist Jamal Khashoggi.” The President did absolutely nothing to support “the safety of journalists or Americans abroad.” He “could not summon even a modicum of lip service to condemn the abomination of dispatching a hit team equipped with a bone saw to throttle and dismember Mr. Khashoggi for daring to criticize the crown prince.”
Tags: Abomination, Bone saw, C.I.A., Crown Prince, Dismember, Journalist, Khashoggi, Murder, Saudi Arabia, Trump, U.S., Values
Time (November 12)
“President Donald Trump took aim at Saudi Arabia’s plan to cut oil production on Monday, injecting new tension into an already fraught alliance that has been clouded by U.S. concerns over the killing of journalist Jamal Khashoggi and the ongoing conflict in Yemen.”
Tags: Alliance, Conflict, Journalist, Khashoggi, Killing, Oil production, President, Saudi Arabia, Tension, Trump, U.S., Yemen
Washington Post (October 14)
Trump’s reckless Middle East “ambitions have been revealed as the misguided fantasies they always were. The disappearance and alleged murder of Saudi journalist Jamal Khashoggi inside the Saudi Consulate in Istanbul has exposed the real return on Trump’s gambits: a string of reckless acts by the Saudis and Israelis that have made the region more rather than less unstable.” Both Israel and Saudi Arabia “have exploited Trump’s indulgence to the hilt, taking actions they never would have dared under Obama or any other previous president.”
Tags: Ambitions, Consulate, Indulgence, Israelis, Istanbul, Journalist, Khashoggi, Middle East, Obama, Reckless, Saudi Arabia, Trump