Another year has passed in Saudi Arabia and 2016 has certainly been eventful! It is fair to say that it has been a challenging year for exporters but the outlook for 2017 looks positive and the momentum of the Vision 2030 reform agenda continues to grow. AEI was four years old in November and we have certainly…
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On 30th of November 2016 as the world waited, OPEC agreed to cut its own production by 1.2 million barrels per day (mbpd), to 32.5 mbpd. Oil prices immediately rose by 8 percent following the announcement and could rise even further in the short term. The deal, designed to drain record global oil inventories, overcame…
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