Saudi Arabia’s New Oil Play – Embracing the Glut to Win the Long Game
Monday, 5 May 2025 () Oil markets took another hit this weekend as OPEC+ threw another curveball. In a virtual meeting Saturday, the group’s top producers—Saudi Arabia and Russia—announced a 411,000 barrels per day (bpd) output hike for June, nearly triple what had originally been planned. The move follows a similar surge for May and signals a stark strategic pivot from defending prices to flooding the market. At first glance, this looks like a crackdown on quota violators. Kazakhstan and Iraq have repeatedly overproduced despite OPEC+ curbs. Kazakhstan…
As global stock markets reel from a historic downturn—fueled by U.S. tariffs and heightened recession fears—Saudi Arabia stands out as an unexpected outlier. On Monday, the Tadawul All Share Index..
Russia US talks will resume in Saudi Arabia this weekend as top officials discuss a Ukraine ceasefire. Trump envoy Steve Witkoff confirmed that National Security Adviser Mike Waltz and Secretary of..
Ukrainian President Volodymyr Zelensky arrives in Jeddah for high-stakes talks with Saudi Crown Prince Mohammed bin Salman amid growing tensions with the U.S. and Russia. As Trump recalibrates..
Monday, 5 May 2025 ()
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