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Showing 41 - 50 of 110 results for "Saudi Arabia"

Chief economist update: Bull markets don't die of old age

BENJAMIN ONG  |  THURSDAY, 18 OCT 2018
Sticks and stones may break my bones, but Trump's continued criticisms wouldn't hurt me! US President Donald Trump has blamed the Fed for sparking the recent sell-off on Wall Street as well as threatening to undo the "good" for the economy that ...

OPEC is not to blame

BENJAMIN ONG  |  TUESDAY, 25 SEP 2018
Saudi Arabia and Russia weren't pleased with US President Trump when they announced no immediate increase in oil production following the OPEC and non-OPEC nations meeting in Algiers on September 23. The decision sent oil prices soaring - Brent ...

Chief economist update: Crude oil slips

BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
If one were to time the genesis of the recent surge in oil prices, it would have to be Saudi Crown Prince Mohammed bin Salman's interview with Time magazine around mid-April this year when he hinted at wanting the price of crude to reach around ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... summit, the rise in oil prices (because Trump pulled out of the Iran nuclear deal), the fall in oil prices (because Saudi Arabia and Russia plan to increase output), and lately, a developing crisis in Italy (which has led to speculations of an Italian ...

Chief economist update: When good oil goes bad

BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
... from January 2016's low of US$26.01/barrel. With the limits on production by OPEC and non-OPEC countries - led by Saudi Arabia - still in place and the US Energy Information Administration (EIA) recently reporting that crude inventories by a greater ...

Norway dominates sovereign wealth funds

KARREN VERGARA  |  THURSDAY, 26 APR 2018
... cover budget shortfalls. The remaining capital was redistributed to the country's National Wealth Fund. Assets of Saudi Arabia's Public Investment Fund (PIF) and Turkey Wealth Fund continued to gain momentum, growing US$183 billion and US$40 billion ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
... [for the issuance of Aramco's IPO]". But I digress. There's another war happening in another kingdom. The Kingdom of Saudi Arabia's ongoing battle to keep the price of oil heading north or to around US$80 per barrel received some press after in an interview ...

Oil's gift to central bankers

BENJAMIN ONG  |  TUESDAY, 7 NOV 2017
Only one word comes to mind when the Kingdom of Saudi Arabia is mentioned, and that is oil - for it has plenty of it. According to Investopedia, "The Kingdom of Saudi Arabia is often cited as the world's largest oil producer. The country produces 13.24% ...

Economic Wrap

ALEX DUNNIN  |  FRIDAY, 22 JUL 2016
... again the world's biggest oil producer with a daily output of 11.8 million barrels per day. The US oil boom pushes Saudi Arabia back into second place with 11.7 million barrels per day. Russia is third on 10.5 million barrels per day. The increase in ...

Saudi sovereign wealth fund flags US$3.5bn Uber investment

MARK SMITH  |  THURSDAY, 2 JUN 2016
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has invested US$3.5 billion ($4.8 billion) in ride sharing app Uber. The company will use some of the money, likely in the region of US$250 million, to help it expand in the Middle East. ...