Saudi Arabia’s Evolving Oil Politics

In a 27 June 2017 article, Bloomberg described a worrying decrease in investors in Saudi Arabia’s industries. The article argues that falling oil prices coupled with ongoing and potential regional conflicts call for an updated economic model to offset the losses of the Gulf state members of the Organization of Petroleum Exporting Countries (OPEC), Saudi[…]

Bahrain reduces fuel subsidies amidst ongoing unrest

The recent dramatic slide in crude oil prices has led to economic strain throughout the Arabian Peninsula, particularly in Bahrain. The near-70% fall in oil price since mid-2014 has “shattered” government revenues. While Saudi Arabia has funded its deficit by drawing on its central bank deposits, and Kuwait, Qatar, and the UAE have sufficient assets[…]