Introduction In a breakthrough deal, brokered by China, Saudi Arabia and Iran have agreed on the resumption of diplomatic relations and the mutual opening of embassies, a move that could change the balance of power in the Middle East and restore stability in the region. Under the agreement reached, the …
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As Saudi Arabia has grappled with its Vision 2030 reform plan and its transition away from fossil fuels, one international partner of choice in the energy sector has emerged: the United States In recent years, many countries in the Middle East region have concluded that their continued economic dependence on …
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The continuation of sanctions and the reduction of Iran’s oil share in the world market have caused many problems for all sectors of Iran’s energy industry and economy, and it will see an increase in problems in most areas due to the Trump administration’s “maximum pressure” policy. Currently, the Iranian …
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Saudi Arabia has an incredible opportunity to move away from its complete dependence on oil, but it will need to make a number of structural changes to ensure its plans are not derailed. The reality is that the Saudi economy, including the private non-oil related sector, is heavily dependent on …
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– Saudi Arabia’s quicker than expected output restoration sparks oil price fall Oil prices declined contrary to expectations due to the quicker than expected restoration of Saudi Arabia’s output, the contained global response to the drone attacks on Saudi Aramco’s facilities, and greater output from other supplier countries like Qatar, …
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