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The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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The oil cuts reflect the country’s newly assertive oil market policy that is largely driven by the need to fund the government’s economic programme. It also underlines Riyadh’s…
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DOI: 10.1108/OXAN-DB280504
ISSN: 2633-304X
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Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…
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DOI: 10.1108/OXAN-DB285954
ISSN: 2633-304X
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Indonesia hosted the 43rd ASEAN summit and related events, including the 18th East Asia Summit (EAS). India held its first-ever G20 summit. ASEAN’s chairmanship now passes to…
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DOI: 10.1108/OXAN-DB281866
ISSN: 2633-304X
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A move away from the US dollar is gaining momentum, driven by the West’s use of economic sanctions, high levels of sovereign debt and a desire to de-link monetary policy from the…
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DOI: 10.1108/OXAN-DB280571
ISSN: 2633-304X
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Washington is trying to allay Saudi (and broader Gulf) concerns about its commitment to regional security, manage policy differences -- especially over oil prices -- better and…
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DOI: 10.1108/OXAN-DB279923
ISSN: 2633-304X
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In exchange, US President Joe Biden wants a major diplomatic win ahead of the 2024 presidential elections by ‘normalising’ Saudi-Israeli diplomatic ties. On July 19, President…