Tag Archives: Saudi Arabia

Saudi Arabia is undoubtedly concerned by Biden’s emphasis on addressing climate change since this would mean a drop in the demand for crude oil, the backbone of Saudi Arabia’s economy. The stability of global energy markets has long been a major factor in U.S. relations with Saudi Arabia. Riyadh’s potential to increase …

Any new agreement between Iran and the United States could bring Iran’s rivals in the region closer together. It is obvious that Turkey and Saudi Arabia must solve the existing problems within the framework of their national interests to play a more active role in the region in the post-COVID …

2020 has been a difficult year for the Gulf. All members of the Gulf Cooperation Council, heavily reliant on oil, have been severely impacted by the economic turmoil of the ongoing COVID-19 pandemic. For no country is this more important than Saudi Arabia, the world’s largest oil producer, which depends …

Relations between Iran and Saudi Arabia have been strained in recent years. Both countries pursue conflicting interests in particular issues in the region with a specific ideology in foreign policy. The two countries are rivals not only in the Islamic world and the region, but also in OPEC and the energy market …

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 …

The global gas and liquefied natural gas (LNG) market is currently witnessing an increase in the number of new manufacturers and an increase in the geopolitical importance of this product. Given that the share of natural gas in a country’s energy portfolio will increase by 2040, countries with natural gas …

Supply and demand are the two central elements of price stability in the global energy market. Moreover, the rate of economic growth of major energy-consuming countries such as China and India also plays an important role in market stability. In addition to these two main components, geopolitical events in major …

In recent years, Saudi Arabia has had a comprehensive plan to reduce the share of oil in its economy, and it is seeking to increase the share of renewable energy in electricity generation.  Saudi Arabia currently consumes about a quarter of its oil production, which is expected to remain almost …

The main goal of OPEC is to coordinate and unify the oil policies of its members, and to identify the best ways to protect their interests individually and collectively. OPEC is also looking for ways to guarantee world market prices by eliminating unnecessary volatility. OPEC’s continuing viability and its impact …

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 …