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Saudi Arabia

Article Index

Saudi Arabia's Oil "Proposal" – Here's What's Really Going On

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

saudi aramco ipo

Last week, Russian Energy Minister Alexander Novak claimed that Saudi Arabia had proposed a 5% cut in oil production.

That set the oil price roller coaster off and running, with crude prices shooting up to levels not seen in a month.

There is only one problem. My contacts in OPEC and Saudi Arabia tell me that things look very different behind the scenes.

Here's what's really going on...

Saudi Arabia May Have Just Shot Itself in the Foot

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

saudi arabia

Another Saudi official is trying to downplay the kingdom's expanding deficit - as their problems get worse...

On Saturday, Foreign Minister Adel al-Jubeir maintained that the current situation was manageable. He was speaking at a conference in Manama, the capital of neighboring Bahrain.

The situation, of course, has been sparked by two Saudi-led decisions within OPEC. The first was to defend global market share by keeping production high (a move made last year while Americans were sitting down to their Thanksgiving turkeys). That started a downward slide in global oil prices.

Today, I'll show you why the wealthiest OPEC nation's situation has gotten worse - and look at the two recent developments that could accelerate the problem...

Saudi Dynasty After King Abdullah: A Visual Guide

By , Associate Editor, Money Morning • @TaraKateClarke -

Saudi dynasty succession

Saudi King Abdullah bin Abdulaziz passed on Jan. 22, 2015 at age 90. His death triggered the biggest challenge to the Saudi dynasty in 50 years...

You see, the founder of the Saudi state, King Abdulaziz ibn Saud, decreed only that his first son would inherit the throne. Over the six decades that have followed King Abdulaziz ibn Saud's rule, succession has passed from brother to brother, almost always in order of their age.

But the last of the current line of 35 brothers will soon die out completely.

On April 29, for first time in Saudi history, the throne was set up to pass to the third generation of the family...

Saudi Dynasty After King Abdullah: A Visual Guide

By , Associate Editor, Money Morning • @TaraKateClarke -

Saudi dynasty prince mohammed

Saudi King Abdullah bin Abdulaziz passed away late Thursday at age 90 after a short illness. His death triggered the biggest challenge to the Saudi dynasty in 50 years...

You see, the founder of the Saudi state, King Abdulaziz ibn Saud, decreed only that his first son would inherit the throne. Over the six decades that have followed King Abdulaziz ibn Saud's rule, succession has passed from brother to brother, almost always in order of their age.

But the last of the current line of 35 brothers will soon die out completely.

That means for the first time in Saudi history, the throne will be passed to the third generation of the family...

High Oil Prices: Four Ways to Profit From the Looming Zoom

By , Executive Editor, Money Morning • @privatebrief -

Let's face it: Over the long haul, oil prices are headed higher -probably much higher. For U.S. consumers, high oil prices will represent a major challenge. For investors, however, those same high oil prices could stand as the profit opportunity of a lifetime. Read this report from Money Morning Executive Editor William Patalon III, and find out how high oil prices could shoot your portfolio to new highs.

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Saudi Arabia Shifts its Focus to China as the United States Falls Out of Favor

By , Managing Editor, Money Morning -

Saudi Arabia, the world's largest oil producer, last year shipped more oil to China than it did the United States for the first time ever - a shift that highlights China's ascension to the ranks of the world's economic elite, as well as its position as the new focal point for the world's energy producers.

The flow of oil from Saudi Arabia to China rose to more than 1 million barrels per day (bpd) last year, just as demand in the United States fell below that level for the first time in more than two decades.

China in December alone imported a record-high 1.2 million bpd of Saudi oil, as its economy rode the momentum of Beijing's $585 billion (2 trillion yuan) stimulus package. U.S. imports of Saudi oil, on the other hand, fell to a 22-year low of 998,000 bpd in the first 11 months of 2009, as the world's largest oil consumer clawed its way back from its worst recession in 70 years.

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Will China Supersede Saudi Arabia as the Key to U.S. Oil Prices?

By , Chief Investment Strategist, Money Map Report -

I bought a Toyota Prius last Saturday.

The signs are everywhere that oil is headed for stratospheric highs - $200, $250 or even $300 a barrel. Some of these signs are just plain obvious. But even the subtle indicators are telling us that some very expensive energy costs headed our way.

Let me tell you about one such indicator that I came across over the New Year holiday. A tiny news item said that Saudi Arabian oil concern Aramco is abandoning a lease on Caribbean oil storage, and further reported that PetroChina Co. Ltd. (NYSE ADR: PTR) is moving in to take Aramco's place.

Most investors here in the West - if they even read the item - would've dismissed it as just another minor business transaction, one among the thousands that take place each day. But this particular deal was much more than that. It's another indication of China's continued global emergence. And it also underscores this country's relegation to the growing legion of "former" world powers that have been eviscerated by the financial crisis that they created.

In case you missed the story, let me share the details, and then explain what I believe those details actually mean.

To see why China is the "new" Saudi Arabia, read on...

Saudi Arabia’s Promise to Open the Oil Spigot is Nothing But Spin

By , Chief Investment Strategist, Money Map Report -

By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report First it called for a meeting of oil producers and oil consumers. Now Saudi Arabia has proposed a boost in oil production. At the end of the day, however, neither of these moves will have any real impact on the ongoing escalation in oil prices. Let me […]

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Saudi Arabia Contemplates a $6 Billion Sovereign Wealth Fund; Kuwait's Looking to Scoop European Banks

By , Money Morning -

By Mike Caggeso Associate Editor Saudi Arabia, the world's biggest oil exporter, is considering joining its Middle East peers by setting up a sovereign wealth fund (SWF) with an initial investment of about $6 billion, Mohammad al-Jasser, vice governor of Saudi Arabia's central bank, said.  The vice governor didn't reveal many specifics of the plan, […]

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Saudi Arabia Aiming to be "King of the Cash Barons" by Launching its First Sovereign Wealth Fund

By , Executive Editor, Money Morning • @privatebrief -

By William Patalon III Executive Editor Money Morning/The Money Map Report In yet another example of the growing global importance of state-run investment pools, Saudi Arabia said it's establishing a sovereign-wealth fund that will eclipse Abu Dhabi's $900 billion venture to become the largest in the world. As the new "King of the Cash Barons" […]

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