Sunday 22 September 2024

US rate cuts and Middle East Volatility struggle to excite oil markets

US rate cuts and Middle East Volatility struggle to excite oil markets
The price of crude oil experienced a slight uptick before the weekend, potentially influenced by the unexpected U. S. interest rate cut and escalating tensions in the Middle East.

Monday 9 September 2024

Vision 2030 of Saudi Arabia: will falling oil prices derail big plans?

Vision 2030 of Saudi Arabia: will falling oil prices derail big plans?
Saudi Arabia, whose economy relies heavily on exporting hydrocarbons, is currently facing double-headed challenge: on one hand, it has to boost revenue from selling crude oil that accounts for 70% of the former, despite the sale of the latter being on decline; on the other hand, it still has to fun…