News zum Sektor Energie aus Saudi-Arabien

 

Saudi Arabia's budget deficit deepened in the third quarter, with weaker Brent crude prices and revenues weighing on the oil exporter's finances....

Saudi Arabia's economy expanded at the fastest pace since early 2023 in the third quarter, helped by rising oil production and big state investments in non-sectors sectors....

While oil is the primary driver of Saudi Arabia's economy, the kingdom is now diversifying into areas such as artificial intelligence, tourism and sports....

Riyadh could be pushed into a tricky position if the latest US measures curb Russia's exports....

The kingdom is pouring money into data centers and working with U.S. and Chinese tech giants, landing its A.I. ambitions in the middle of a geopolitical tussle for tech power....

Saudi Arabia's fiscal and current accounts would benefit most from a rebound in oil prices and production, according to the International Monetary Fund, despite the government's progress in diversifying the $1.2 trillion economy....

Saudi Arabia kept the price of its main oil grade to Asia unchanged for November, a sign of caution from the world's biggest crude exporter after OPEC+ decided over the weekend to push ahead with supply increases....

Seit Monaten drehen wichtige Ölstaaten den Förderhahn schrittweise auf. Der Ölpreis ist deshalb zuletzt gefallen. Das Ölkartell Opec+ weitet seine Förderung aus. Im November würden täglich 137.000 Barrel (je 159 Liter) zusätzlich im Markt platziert, wie die acht Staaten unter Führung von Saudi-Arabien und Russland bei einer Online-Sitzung beschlossen. Damit behält der Verbund seinen Kurs der vergangenen Monate bei, frühere Kürzungen der Tagesproduktion schrittweise wieder zurückzunehmen..

Saudi Arabia's Spending Spree Meets Oil Price Reality Submitted by Julianne Geiger of OilPrice.com, Saudi Arabia's grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom's plans for fiscal consolidation. The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of GDP in 2025—nearly double its original 2.3% forecast—before narrowing to 3.3% in 2026. The deterioration comes largely from weaker oil income, Fitch said, with non-oil revenues holding up but not enough to offset the gap. The rating agency pointed to revenue shortfalls and overspending as the main culprits, noting the massive capital outlays required by megaprojects like NEOM. This week's pre-budget statement from Riyadh signaled a shift toward tighter fiscal discipline, but Fitch noted the tension between Saudi's promises of restrai...

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OPEC's crude production climbed last month as Saudi Arabia finished the revival of an initial tranche of halted supplies, according to a Bloomberg survey....

Saudi Arabia's crude exports leaped to the highest for 18 months in September, a sign that the kingdom's share of OPEC+ output hikes is starting to hit global markets....

Beijing has been scooping up cheap crude to sock away into strategic reserves....

Saudi Arabia projected it will run a deeper budget deficit this year than previously expected, as the kingdom spends heavily on its economic transformation while grappling with the effects of weak oil prices. Bloomberg's Abeer Abu Omar spoke to Jennifer Zabasajja on Horizons Middle East and Africa on the outlook for the Kingdom's economy. (Source: Bloomberg)...

Saudi Arabia projected it will run a deeper budget deficit this year than previously expected, as the kingdom spends heavily on its economic transformation while grappling with the effects of weak oil prices....

"This year, participants will discuss key issues in the industry's development, new challenges, obstacles, and successes of joint efforts," Russian Deputy Prime Minister Alexander Novak said...

India, which has been in conflict with neighboring Pakistan for decades, is one of the world's largest crude consumers and a key customer for Saudi Arabia....

Saudi Arabia's oil exports are set to jump this month as the twin impact of higher production and easing local demand from peak summer levels frees up supply, adding to concerns the market is headed for a surplus....

Oil steadied as investors weighed the prospect for softening demand after Saudi Arabia cut pricing for most of its grades....

Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month after OPEC+ said it will continue to ramp up output, defying widespread expectations of a looming oversupply....