Analysts See Oil Rising To $80 As Saudis Say Supply Glut Over
The great crude debate continues unabated. Earlier this week, Raymond James made the case for $80 crude in 2017. What’s particularly amusing there is that while the firm will look ridiculous if they’re wrong and if we have, as some analysts contend, entered a “new oil order” where prices will remain subdued indefinitely, one of…
Is Saudi Arabia Ripe For A Cultural Revolution?
"No explanation was offered as to how any of these targets could be realistically achieved within their timeframe." Or any explanation at all really. The quote excerpted above from Foreign Policy references Saudi Arabia and the kingdom's "Vision 2030" which, if you’ve closely followed Ryadh's descent into the red ink budget abyss, you know it…
In Epochal Shift, Saudi Arabia Readies International Bond Sale
Something important happened today. The ubiquitous “people familiar with the matter” confirmed that Saudi Arabia is set to tap international capital markets for the first time in a bond sale worth as much as $15 billion. Although the Gulf’s budget crunch began making front page financial news (finally) late last year and has been a…
Taking Stock Of Oil As Saudi Arabia Ushers In A New Era
Taking Stock Of Oil As Saudi Arabia Ushers In A New Era As anyone who follows markets is well aware, oil prices have been a key determinant of broad market sentiment since late 2014 when the Saudis moved to drive the US shale complex out of business and secure geopolitical leverage by dealing a death…