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Energy Secretary Rick Perry Meets with Top Saudi Leaders; Photos from Visit Go Viral
U.S. Secretary of Energy Rick Perry visited Saudi Arabia over the weekend as part of a tour of three Gulf states, his first trip to the region since becoming the top U.S. energy official. Secretary Perry’s tour of Saudi Arabia was packed with events and visits with key Saudi officials as well as energy institutions in the […]
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KAPSARC’s New Headquarters Near Riyadh, Designed by Zaha Hadid Architects, Receives LEED Platinum Status
The futuristic-looking new headquarters of the King Abdullah Petroleum Studies and Research Centre (KAPSARC) on the outskirts of Riyadh has received LEED Platinum certification—the first of Zaha Hadid Architects’ projects to receive the title. KAPSARC is a non-profit dedicated to studying energy and their environmental impacts. The new 230,000 square-foot campus comprises five buildings and cuts a striking figure against […]
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Slideshow: Coming to Riyadh’s KAFD: A Female-Designed Metro Station
A leading female architect has been chosen to be the lead architect of the forthcoming metro station in the brand-new King Abdullah Financial District, Arabian Business reports.
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‘A Disciplined Approach To Forward-Looking Policymaking’
A recently released report by the Center for Strategic and International Studies on Saudi Arabia’s energy policy finds that the Kingdom is pursuing a “disciplined approach to forward-looking policymaking.” The report was published by Hisham Akhonbay, who is a visiting fellow with the Energy and National Security Program at CSIS from the King Abdullah Petroleum […]
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MUST-READS
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KAPSARC Oil Market Outlook
Total global oil demand is expected to increase year-on-year (YoY) by 4.2 million barrels per day (MMb/d) in 2021 and further grow by 3.5 MMb/d in 2022, returning to 2019 levels by the third quarter (Q3) 2022. The International Monetary Fund (IMF) predicts economic growth of around 5.4% in 2021, compared with a decline in real gross domestic product (GDP) in 2020 of -4.4%. However, KOMO estimates a forecast more in line with the OECD’s outlook for growth (4.2%), which presumes that GDP levels will only reach 2019 levels by the end of 2021.
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KAPSARC Oil Market Outlook
Total global oil demand is expected to increase year-on-year (YoY) by 4.2 million barrels per day (MMb/d) in 2021 and further grow by 3.5 MMb/d in 2022, returning to 2019 levels by the third quarter (Q3) 2022. The International Monetary Fund (IMF) predicts economic growth of around 5.4% in 2021, compared with a decline in real gross domestic product (GDP) in 2020 of -4.4%. However, KOMO estimates a forecast more in line with the OECD’s outlook for growth (4.2%), which presumes that GDP levels will only reach 2019 levels by the end of 2021. RELATED PROJECTS See all projects
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Video: Oil Unlikely to Rise to $60-$65 Range Until 2022: KAPSARC
Adam Sieminski, president of the King Abdullah Petroleum Studies and Research Center, an independent, non-profit, research think tank located in Riyadh, Saudi Arabia, discusses the outlook for oil, carbon management and fossil fuels.
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KAPSARC develops 3 models for Saudi Arabia’s economy, energy system
The King Abdullah Petroleum Studies and Research Center (KAPSARC) developed three models and tools for the economy and energy system in Saudi Arabia, in its effort to enhance the energy sector locally and globally, while also enhancing Saudi Arabia’s efforts to diversify energy sources and economic prosperity and achieving Vision 2030 goals. The center’s researchers have designed the Vision 2030 Dynamic Input-Output Tool, the KAPSARC Energy Model, and the Energy Policy Simulator Tool, in order to enhance the understanding of energy economics and environmental policies.
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KAPSARC Oil Market Outlook
The global oil market is likely to move into deficit as early as this quarter. The most significant driver of this shift has been strong compliance with the production cuts agreed by OPEC and its partners (OPEC+) at the group’s historic April meeting.
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KAPSARC analyzes impact of COVID-19 on the Saudi market in 24 job sectors
KAPSARC’s initial assessment, which used the approach prepared by the Federal Reserve Bank in St. Louis, revealed that 39% of Saudi employees in the sectors mentioned in the paper are at risk of losing their jobs, as the bank classified the sectors into high-risk and low-risk sectors
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KAPSARC launches “Kingdom of Energy” podcast
The King Abdullah Petroleum Studies and Research Center (KAPSARC) has inaugurated a podcast program, titled “Kingdom of Energy”, through which specialized researchers can talk about energy economics, policies, techniques and related environmental issues.
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Inside Zaha Hadid Architects’ KAPSARC in Saudi Arabia
After completing construction late last year, Zaha Hadid Architects‘ unveils a breathtaking video with an in-depth look at the firm’s King Abdullah Petroleum Studies & Research Centre (KAPSARC) in Riyadh, Saudi Arabia.
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