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Recent stories from sustg
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Saudi Arabia’s Unknown Shale Potential is Yet Another Variable in Shifting Global Energy Landscape
- November 12,2015
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- SUSTG Team
The impact of the rise of shale production, particularly in the United States, has radically changed the trajectory of the global energy landscape. Only in the last year, when Saudi Arabia and OPEC decided to boost production rates to mute the impact of shale and regain market share, has conventional energy regained top-dog status in […]
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IEA 2015 Report: Oil Likely to Rise to $80 by 2020, but Risks for ‘Dependency’ on Low-Costs Producers Heightened
- November 11,2015
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- SUSTG Team
Consumers stand to benefit from an extended period of lower oil prices, but a prolonged period would “trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short,” the International Energy Agency (IEA) said in its 2015 World Energy Outlook publication (WEO-2015). […]
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Saudi Arabia Submits Climate Plan in Advance of Paris Summit
- November 10,2015
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- SUSTG Team
In advance of the November 30 – December 11, 2015 World Climate Summit in Paris, France, Saudi Arabia has submitted a plan to reduce it’s expected output of carbon emissions by 130 million tons by 2030. Reuters and Al-Arabiya reported that Saudi Arabia was the last of the Group of 20 major economies to submit […]
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King Salman Tops Region’s Most Powerful in Latest Forbes List following Eventful First Year
- November 6,2015
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- Lucien Zeigler
Forbes magazine has named Custodian of the Two Holy Mosques HRH King Salman as the most powerful personality in the Arab world in the magazine’s most recent list for 2015. Russian President Vladimir Putin (No. 1) takes the top spot out of 73 on Forbes’s seventh annual ranking of “The World’s Most Powerful People.” In a curious decision by […]
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Long Saudi Arabia’s Third Rail, Energy Subsidies May be Targeted to Address Fiscal Challenges
- November 4,2015
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- Lucien Zeigler
With shrinking assets and a growing budget imbalance, Saudi Arabia is reportedly eying cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics. Although a reduction in energy subsidies could help the government balance its budget, the subsidies may be challenging politically. “On paper, ditching subsidies would close around two-thirds of […]
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Why US Shale Oil Is At an Inflection Point
- October 30,2015
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- SUSTG Team
A recent Jadwa Investment report found that there will not be a collapse in shale oil production as a period of sector consolidation, through global integrated oil companies and private equity, ensures that shale oil remains a key player in the global oil market going forward. The report, which follows up on a comprehensive analysis published by […]
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Surge in Use of Stimulant Fuels Concern in Saudi Arabia
- October 28,2015
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- SUSTG Team
The recent arrest of a member of Saudi Arabia’s royal family for attempting to import 2 tons of an illegal drug has dragged Saudi Arabia’s underground drug culture into the spotlight. Use of fenethylline, more commonly known by its commercial name Captagon, is on the rise in Saudi Arabia and especially among the youth. The drug […]
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In Riyadh, Secretary of State John Kerry Meets with King Salman, Top Saudi Officials to Discuss Syria Coordination
- October 26,2015
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- SUSTG Team
Secretary of State John Kerry visited HRH King Salman and top Saudi officials in Riyadh over the weekend to discuss coordination in Syria, according to reports. Reuters reports that the United States and Saudi Arabia agreed to increase support to Syria’s moderate opposition while seeking a political resolution of the four-year conflict, the U.S. State […]
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Prince Abdullah bin Faisal bin Turki Al Saud Named New Ambassador to the United States
- October 22,2015
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- SUSTG Team
Saudi Arabia’s new ambassador to the United States, Prince Abdullah bin Faisal bin Turki Al Saud, has been sworn in by King Salman in a ceremony in Riyadh, according to the SPA and the Royal Embassy of Saudi Arabia. The swearing in ceremony took place at Al-Yamamah Palace in Riyadh for Prince Abdullah bin Faisal, […]
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Saudi Prince Turki al-Faisal Outlines Saudi Foreign Policy Principles, Bids Heartfelt Farewell to Late Brother at AUSPC Keynote
- October 19,2015
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- SUSTG Team
In remarks to attendees at the Arab-US Policymaker’s conference in Washington, D.C. last week, HRH Prince Turki al-Faisal outlined a Saudi foreign policy with three central pillars before paying a heartfelt tribute to his brother, the former foreign minister who passed away earlier this year. The remarks, included below, framed Saudi foreign policy around unity, […]
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ExxonMobilExxon, Qatar in talks on U.S. shale deal
Exxon Mobil (NYSE:XOM) is in talks with Qatar over a partnership that could lead to state energy giant Qatar Petroleum investing in XOM’s vast U.S. gas resources
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Syria Chemical AttackTrump Says U.S. Will Respond to Syria Attack ‘Forcefully’
Trump and French President Emmanuel Macron agreed in a phone call on Monday “to continue their coordination on responding to Syria’s atrocious use of chemical weapons,” the White House said on Monday evening. The two leaders also spoke on Sunday.
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U.S.-Saudi InvestmentSaudis mull big investments along U.S. Gulf Coast
After courting Hollywood and Silicon Valley, a Saudi delegation led by Crown Prince Mohammed bin Salman capped a nearly three-week American tour on Saturday by touting potential petrochemical investments totaling billions of dollars along the U.S. Gulf Coast.
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PakistanU.S.-designated ‘terrorists’ vow to run in Pakistan elections
A Pakistani political party placed on the U.S. list of foreign terrorist organizations vowed on Wednesday to continue its political activities and participate in upcoming elections.
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SAGIASaudi Arabia eyes high-value investments from the U.S.
Saudi Arabian General Investment Authority (SAGIA) has held several meetings with multinational companies in conjunction with the state visit by Crown Prince Mohammed bin Salman to the United States of America.
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CyberCommentary: Will the U.S. Ever Switch From Cyber Defense to Offense?
Ransomware was delivered to selected client systems inside the Atlanta municipal network, encrypting computers and demanding a ransom for the keys to unlock them. It was allegedly sent by a known hacker group that has pulled off similar ransom schemes against municipalities worldwide.
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Iran Nuclear AgreementU.S. Strategy, the JCPOA Iranian Nuclear Arms Agreement, and the Gulf: Playing the Long Game
Iran's nuclear, missile, and other threats are far too real for the U.S. to simply terminate its support for the JCPOA without focusing on cost-benefits of such an action.
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JASTASaudi Arabia must face U.S. lawsuits over Sept. 11 attacks
A U.S. judge on Wednesday rejected Saudi Arabia’s bid to dismiss lawsuits claiming that it helped plan the Sept. 11, 2001, attacks and should pay billions of dollars in damages to victims.
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MBS in the U.S.Saudi crown prince’s U.S. itinerary includes Oprah and 4 presidents
A leaked itinerary for Saudi Crown Prince Mohammed bin Salman's two-week U.S. tour — which is doubling as a public relations blitz — includes visits with many of the biggest names "from the worlds of politics, business, oil, entertainment and tech," the Independent reports.
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U.S.-IsraelU.S. pledges record $705 million in missile defense aid to Israel
"I am pleased and excited to announce that the US Congress has approved a record sum for Israel's missile defense program: $705 million in 2018!” Israel’s Defense Minister Avigdor Liberman announced Monday.
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