Al-Jubeir said that under those conditions, Saudi Arabia would support the deal. Why is Riyadh choosing the hard way?
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USA shale producers such as Continental Resources (NYSE:CLR) and EOG Resources (NYSE:EOG) would benefit by being able to sell their oil overseas at higher prices.
However, people should not fall into the trap of comparison and contrast between the status of women in the West and in Saudi Arabia because when this happens, it is usually associated with generalizations and stereotypes which undermine the pleasure that we take in this victory and it is unfair to all involved.
The reforms should include comprehensive energy efficiency and price alterations, expanding non-oil revenues, reviewing capital and current expenditures and reducing the government wage bill, it added.
Saudi leaders have chosen to invest heavily in the country’s refining segment in a push to reduce the amount of refined products the country imports. That attempt to recreate a cartel kind of situation that we saw many decades ago – there is no hope for that in the modern world. Brent crude was trading around $49 a barrel on Monday.
In the company’s publication The Arabian Sun, Saudi Aramco said it has signed a deal with Azmeel Contracting to deliver a large part of the project’s first phase, including the initial construction of 955 housing units in a fully serviced community for Saudi Aramco employees. How far will Riyadh have to go with the cuts?
The Baladi Initiative General Coordinator Hatoun Al-Fasi has argued that the low turnout in these two cities is not necessarily because Saudi women do not want to participate in the elections, but rather might be due to a lack of awareness of the significance of the elections as well as of the steps that must be taken in order to participate in them. The aristocracy is going to completely and fundamentally change in light of this.
Saudi-based industry sources say production in the world’s largest oil exporter is likely to remain at around 10.2 million to 10.3 million bpd on anticipated strong demand in the winter. The International Monetary Fund and other institutions though believe the actual deficit will be significantly higher. As much as they fear a nuclear-armed Iran in the long run, they are just as concerned about what Tehran will do in the short run with the billions of dollars that will be unfrozen by the lifting of sanctions and become available for financing terrorist allies like Hezbollah and Hamas, as well as Houthi rebels in Yemen.
JAT: This is an unusual deficit for Saudi Arabia; it’s not unusual for European or American standards.
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“The question is whether the recent collision of concerns acts as a stimulus to accelerate these reforms or drives a reactionary turn, falling back on the old, but increasingly unsustainable, response to uncertainty: Fiscal stimulus”, he said. Even when differences emerged (and serious ones did emerge on numerous occasions), the Americans have found their Saudi allies reasonable, calm and open to practical solution.
