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OPEC+ Agrees on Output Increase by by 500,000 Barrels a Day in January – Reports
- December 4,2020
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- SUSTG Team
OPEC and Russia on Thursday agreed to a slight increase in production quotas in January, reducing their deep oil output cuts from January by 500,000 barrels per day, according to reports. The decision taken by OPEC and Russia signals the world’s biggest producers “are betting the worst of a pandemic-inspired shock to demand is behind them,” according to the […]
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Yemen’s Houthis Increase Attacks on Saudi Arabia’s Oil Facilities, Assets as Kingdom’s Leaders Urge UN Action
- November 25,2020
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- SUSTG Team
Yemen’s Iran-backed Houthi militia claimed responsibility for another brazen missile attack on a Saudi Aramco oil facility on Monday, leaving no one injured but a fire that raged for 40 minutes, according to reports.
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Saudi Arabia Raises Minimum Wage for Citizens by 33% after Labor Reform Announcement
- November 24,2020
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- SUSTG Team
Saudi Arabia will raise the minimum wage for its citizens from 3,000 riyals ($800) to 4,000 riyals ($1,066), a 33 percent increase, the Kingdom’s Ministry of Human Resources and Social Development announced last week. Set to take effect five months from the announcement date of Wednesday, November 18th, the increase is substantial for Saudi workers.
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Saudi Arabia Will Host a Formula One Race Next Year for the First Time
- November 6,2020
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- SUSTG Team
Saudi Arabia will host a Formula One race next year, a move aimed at boosting tourism, sports and entertainment in the Kingdom, according to reports.
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Saudi Aramco, SABIC ‘Reassess’ $20b Crude-Oil-To-Chemicals Project — Reports
- October 19,2020
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- SUSTG Team
Saudi Aramco and Saudi Basic Industries Corporation (SABIC) have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead, in a move to save costs in the face of lower oil prices, according to Reuters.
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Saudi Arabia Bids to Host 2030 Asian Games in Riyadh
- October 7,2020
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- SUSTG Team
Saudi Arabia’s sports minister Prince Abdulaziz bin Turki Al-Faisal on Sunday launched the Kingdom’s official campaign to help secure enough votes from members of the Olympic Council of Asia (OCA) to host the 21st Asian Games in 2030, according to reports.
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Saudi Tourism Development Fund Inks Deal with Riyadh Bank, Banque Saudi Fransi for $43 Billion of Projects
- September 29,2020
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- SUSTG Team
Saudi Arabia’s Tourism Development Fund signed an agreement with Riyadh Bank and Banque Saudi Fransi to finance up to 160 billion riyals ($43 billion) of tourism projects in the kingdom, state news agency SPA reported.
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Saudi Arabia Confirms G20 will be Held Virtually on November 21-22
- September 28,2020
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- SUSTG Team
The G20 leaders summit will be held virtually on Nov. 21-22, Saudi Arabia said on Monday, in a blow to the Kingdom’s hopes of hosting the gathering in-person in Saudi Arabia, according to a statement.
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Road to the G20: 2-Day Science-focused S20 Summit Begins Today
- September 25,2020
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- SUSTG Team
Saudi Arabia today convenes the S20 engagement group of the G20 nations, a science-focused group lead this year by the King Abdullah University of Science and Technology (KAUST) in Thuwal, Jeddah.
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Road to the G20: L20 Summit, Focused on Workers and Labor, Emphasizes Inclusion of Women and Youth
- September 18,2020
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- SUSTG Team
On the 7th and 8th of September, the Labor 20 engagement group launched its Saudi L20 Summit, titled “A New Social Contract for Recovery and Resilience,” which was held in the Saudi capital Riyadh in accordance with COVID-19 safety measures, and was streamed online to allow the participation of international speakers and audience.
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MUST-READS
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War in YemenCommentary: From the War on al Qaeda to a Humanitarian Catastrophe: How the U.S. Got Dragged Into Yemen
“There was a fundamental agreement that we as an international community should continue to support the legitimate government,” said Gerald Feierstein, the former ambassador to Yemen and top State Department official under Obama. “The Saudis wanted to intervene, and we agreed with them. Before that, we had urged the Saudis to be more aggressive in support of Hadi, trying to strengthen Hadi’s hand vis-à-vis the Houthis.”
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Global Oil MarketsOil rises as U.S. refineries restart, Irma wanes
Oil prices rose on Monday as key U.S. refineries began restarts following Hurricane Harvey, which may help revive crude oil processing, while fuel prices fell as Hurricane Irma is likely to clip demand for gasoline and diesel.
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Cyber SecurityNations That Hack the U.S. Could Face ‘Real World’ Consequences, Homeland Security Adviser Warned
White House Homeland Security Adviser Tom Bossert suggested the U.S. government may dole out “real world” punishment to nation-states that hack federal systems or violate agreed upon cybersecurity norms.
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F-15SASaudi Ambassador to the U.S. Tours Boeing Fighter Aircraft in St. Louis
His Royal Highness Prince Khalid bin Salman bin Abdulaziz, Ambassador of the Kingdom of Saudi Arabia to the United States toured Boeing Defense Space & Security's St. Louis F-15 production facility Thursday inspecting the F-15SA fighter that is being delivered to the Kingdom.
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AfghanistanU.S. to send 3,500 additional troops to Afghanistan
The United States will send about 3,500 additional U.S. troops to Afghanistan, U.S. officials said on Wednesday, a figure broadly in line with expectations as the United States boosts support for the Afghan military.
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Anti-ISIS CampaignISIS fighters may have escaped to Iraq, despite U.S. promises to stop them
An Islamic State convoy stranded in the Syrian desert for five days has split up, and some fighters may have found their way into Iraq despite the U.S. military’s determination to stop them from reaching militant-controlled territory, Syrian activists and Iraqi officials said Sunday.
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U.S. CornUS Grains Council : Saudi Arabia Nearly Doubles U.S. Corn Imports In 2016/2017
Saudi Arabia has nearly doubled purchased of U.S. corn this marketing year due to a combination of favorable government policy shifts, competitive prices and market development work by the U.S. Grains Council (USGC).
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U.S.-JordanTrump Dumped U.S. Ambassador to Amman at Request of King
Several former and current diplomats told FP that the Jordanian king had a tense relationship with Wells, mainly because he strongly objected to the Obama administration’s pursuit of a nuclear agreement with Tehran. King Abdullah, like other leaders in the region, had deep misgivings about any diplomatic overtures that could strengthen the hand of Shiite-ruled Iran.
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Anti-ISIS CampaignU.S.-led airstrikes block ISIS fighters escaping under a Hezbollah-negotiated deal
Negotiated withdrawals have been a common tactic in Syria’s six-year-old war and have enabled the Syrian government to reassert its authority over many of the areas that fell to opposition control. But this was the first publicly announced instance of a deal involving the Islamic State on any battle front in Syria or Iraq since the war against the group geared up three years ago.
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EnergySaudi Oil Minister Sees Rising Costs for U.S. Shale
Speaking at the World Economic Forum in Davos, Switzerland on Tuesday, Khalid al-Falih, Saudi Arabia’s oil minister, said U.S. oil shale producers “will find they need higher prices” because the most prolific reservoirs are being exhausted and squeezed contractors are increasing the amount they charge. Photo: Reuters.
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