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Recent stories from sustg
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OPEC Continues to Forecast Robust Global Oil Demand Growth in 2022 and 2023
- September 13,2022
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- SUSTG Team
In its latest monthly report, OPEC stuck to its forecasts for robust global oil demand growth in 2022 and 2023, citing signs that major economies were faring better than expected despite global headwinds such as surging inflation, Reuters reports.
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Saudi GDP Up 12.2% in Second Quarter, Exceeding Initial Estimate, as ‘Boom Spreads Beyond Oil’
- September 7,2022
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- SUSTG Team
Saudi Arabia’s real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, new data revealed on Wednesday, as the Kingdom continues to see growth from high oil prices that is now spreading to the private sector.
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Report: Israeli Energy Companies Create JV for Saudi, Gulf Push
- August 16,2022
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- SUSTG Team
Israeli companies Enlight Renewable Energy Ltd. and natural gas producer NewMed Energy LP plan to jointly develop renewable energy projects in North Africa and the Middle East, including in Saudi Arabia and Oman, Bloomberg reports.
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Saudi Arabia Expected to Join $1 Trillion+ Economies in 2022
- August 9,2022
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- SUSTG Team
Saudi Arabia’s economy is expected to cross the $1 trillion mark, joining the largest economies in the world as the Kingdom’s GDP is expected to soar in 2022 on the back of high oil prices.
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Saudi Arabia Eyes Hosting of 2026 Women’s Asian Cup
- August 1,2022
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- SUSTG Team
Saudi Arabia has joined Australia, Jordan and Uzbekistan as nations who have expressed interest in hosting the 2026 Women’s Asian Cup, the Asian Football Confederation (AFC) said on Monday as reported in Reuters.
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Crown Prince Mohammed bin Salman, Russian President Putin Speak by Phone
- July 22,2022
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- SUSTG Team
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, Reuters reports, citing a release from the Kremlin.
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The 966 Episode 51 with economist and longtime observer of Saudi Arabia, Dr. John Sfakianakis
- July 8,2022
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- SUSTG Team
In episode 51, The 966 chats with our long-time friend and longtime economist and observer of the Kingdom, Dr. John Sfakianakis. John is the chief economist and head of research of the Gulf Research Center in Riyadh, Saudi Arabia, and is a professorial fellow at Cambridge. He’s also an associate fellow with the Middle East […]
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Saudi Arabia Welcomes Largest Pilgrimage Since Pandemic’s Start
- July 5,2022
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- SUSTG Team
Up to one million people, including 850,000 from abroad, are visiting Saudi Arabia for the Hajj Pilgrimage, in what is the largest gathering of pilgrims since the start of the pandemic curbed the ability for Saudi Arabia to host.
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U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation
- June 16,2022
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- SUSTG Team
The U.S. and Saudi Arabia announced a new plan for cooperation between the two nations aimed at deepening the bilateral commercial relationship, per a press release.
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It’s Official: President Biden to Visit Saudi Arabia July 15-16 2022; will Meet with King Salman, Crown Prince Mohammed bin Salman
- June 14,2022
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- SUSTG Team
President Biden will be conducting an official visit to the Kingdom of Saudi Arabia on July 15-16, a statement from the White House and separately from Saudi Arabia’s royal court confirmed, capping weeks of behind-the-scenes work to arrange for the visit.
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MUST-READS
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U.S.-China TradeChina Files WTO Complaint Over U.S. Tariffs On $200 Billion Of Imports
China has filed a case with the World Trade Organization against the U.S. to protest the Trump administration's plan to put new tariffs on $200 billion worth of Chinese imports. China says the tariffs are illegal attempts at protectionism.
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Saudi-ChinaChina wants Saudi as key Belt and Road partner
China's government wants closer ties with Saudi Arabia on the trillion-dollar Belt and Road initiative, and the kingdom's Vision 2030 strategy.
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Saudi-ChinaYanbu’s joint venture refinery shines as example for beneficial China-Saudi energy cooperation
Situated on Saudi Arabia's western coast of the Red Sea, Yanbu is famous for its advanced petrochemical industry, featuring three major refineries lining up along the beautiful beach. Among them includes the Yanbu Aramco Sinopec Refining Company (YASREF), jointly established by China Petrochemical Corporation (Sinopec) and Saudi Aramco, which is the most advanced, safe and efficient refinery.
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Global TradeAs Trump’s trade war starts, China vows retaliation
The United States imposed the first duties on $34 billion in Chinese goods early Friday, officially launching a trade war between the world’s two largest economies. Moments later, the Chinese side fired back, accusing the United States of violating WTO rules setting off “the largest trade war in economic history to date.”
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China in the RegionChina increases defense ties with Africa
For decades, China's presence in Africa has largely focused on economic, commercial and peacekeeping activities. Now, Beijing is building on that by establishing greater military links to protect its national assets on the continent and gain greater geopolitical influence.
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IranCommentary: Trump′s Iran policy pushes Tehran into the arms of China
This weekend, Iranian President Hassan Rouhani heads to China to participate in a Shanghai Cooperation Organization summit. Will China and Iran bolster their ties in light of Trump pulling the US out of the nuclear deal?
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Natural GasChina‘s ports are preparing to import more liquid natural gas (LNG) from the US
It looks like China will make another bet on US natural gas, building new gas terminals at ports in four provinces. The facilities will accommodate the country’s increasing reliance on foreign gas.
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Iran Nuclear AgreementIranian Foreign Minister visits Russia and China to try to save nuclear deal
Iranian Foreign Minister Mohammad Javad Zarif touched down in Moscow on Monday morning as part of a series of international diplomatic meetings aimed at saving the Iran nuclear deal following the United States' withdrawal.
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China in the RegionIran’s Door to the West Is Slamming Shut, and That Leaves China
To develop its $430 billion economy, Iran is being forced to rely on political allies in the east. Trade with China has more than doubled since 2006, to $28 billion. The biggest chunk of Iran’s oil exports go to China, about $11 billion a year at current prices.
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Saudi Oil PolicyChina’s Sinopec plans to cut Saudi crude oil volumes for second month in June
Sinopec, Asia’s largest refiner, plans to cut the volume of Saudi crude oil it loads in June by 40 percent for a second month, after the price of the kingdom’s key grade rose to a near 4-year high, said an official from trading arm Unipec.
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