Feature: Oil in retreat
Oil Market ReportOil prices slumped over the past month, as the cumulative effect of slowing demand growth and greater supply made the continued run up in oil prices unsustainable. Despite this fall, oil prices of over $100 per barrel are exceptionally positive for the economic outlook for Saudi Arabia.
Feature: Oil's surge: what's behind it and what it means for Saudi Arabia
Oil Market ReportOil prices have hit a series of all-time highs and have the momentum to go up further, even though we think they are now well beyond the level justified by the fundamentals. Saudi Arabia's economic performance will continue to benefit from high oil prices.
Feature: Oil Market Developments Boost Economic Outlook
Oil Market ReportRecent oil market developments have improved the economic outlook for Saudi Arabia. Oil prices hit all-time highs in late September despite Opec agreeing to increase production quotas. High prices and rising production will lift economic growth and the budget and external surpluses, and will provide a very healthy backdrop for the non-oil sector.
