Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 98 results for "Saudi Arabia"

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... US states have either deferred re-opening or reimposed lockdown restrictions. China, Germany, South Korea, Iran, Saudi Arabia and more recently, Spain (among others), have re-imposed shutdown measures in certain coronavirus hotspots. The first wave has ...

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
... of 88 mb/d, as the OPEC+ agreement takes effect and production declines elsewhere. For some OPEC countries, e.g. Saudi Arabia, Kuwait and the UAE, lower May production is from record highs in April. Led by the United States and Canada, April supplies ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
... gradually relaxing restrictions. Among them: Australia, New Zealand, India, Italy, Spain, Germany, Greece, Iran and Saudi Arabia. China, of course, ended its lockdown weeks earlier (7 April). While unlocking lockdowns prematurely could prompt a resurgence ...

Chief economist update: Oil gush

BENJAMIN ONG  |  FRIDAY, 3 APR 2020
... agreeing to cut oil production at their March 6 meeting, "OPEC+" talks collapsed due to Russia's dissent and Saudi Arabia announcing an increase in production in production and offering discounts to its oil customers instead. The drop in oil prices ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
Global markets, already feeling the burn from the spreading COVID-19 virus, have tumbled further, after Saudi Arabia sparked an oil price war which saw oil futures plunge more than 30%. Nearly $140 billion was wiped from the S&P/ASX 200 yesterday, as ...

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... agreeing to cut oil production at their March 6 meeting, OPEC+ talks collapsed (due to Russia's dissent) and Saudi Arabia announcing an increase in production and offering discounts to its oil customers instead. The drop in oil prices should be a ...

EM debt relatively unscathed by virus: Research

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2020
... be hit as commodity prices fall due to reduced demand from China. Likely examples include exporters such as Chile, Saudi Arabia and Brazil." On the other hand, Eaton Vance said countries like the Dominican Republic and Mexico that have fewer direct economic ...

Chief economist update: Who's afraid of COVID-19?

BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
... the first half of 2020. Finance ministers and central bank governors from G20 nations - recently meeting in Riyadh, Saudi Arabia - also acknowledged the serious risk to global growth posed by COVID-19 and pledged "stand ready to take further action to ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
Crude oil prices rose in the early months of the New Year on the escalation of tensions between the US and Iran after an American drone strike in Iraq on January 3 that killed Qassem Soleimani -- the head of Iran's elite Quds military force. The ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
... Report, the International Energy Agency (IEA) notes that: "If all the countries comply with their new allocations and Saudi Arabia delivers the rest of its voluntary cut of 0.4 mb/d, the fall in production volume versus today will be about 0.5 mb/d." ...