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.
Jadwa Co-Investment Fund (Saudi Lube Oil)
Oil Market ReportThis Fund enables its unit holders to obtain a beneficial ownership interest in equity of Saudi Aramco Lubricating Oil Refining Company (LubeRef.) LubeRef is the dominant base oils manufacturer in the GCC. The company produces more than 1 million metric tons of base lube oils, asphalt, naphtha and other products at its refineries in Jeddah and Yanbu. The fast-growing Saudi market represents 60 percent of its sales. Unit holders of the Fund receive pro-rata dividends distributed by LubeRef and expect to benefit from an eventual exit by way of IPO or sale to a third party. This is a closed-end fund already closed in 2007 and appears here for record only.
