Tag: Kuwait
Why Is Saudi Arabia Reducing Its Oil Production?
Kurt L. Davis Jr. October 23, 2022
Why did the Saudi authorities reduce production, despite receiving US advice to the contrary?
Posted in Middle East / Asia
Higher Oil Prices Come At The Right Time for the Middle East…
Kurt L. Davis Jr. April 7, 2021
Oil recently touched above $70 and continues to hover above $60 today. The uptick is a welcome breath of fresh air into the Middle East (financial) ecosystem. The new cash inflow is and will continue to allow the regional states to underwrite new financing in their banking sectors and evade the 2009-esque fallout as banks today effectively bridge finance regional corporates to 2022 (…or potentially 2023)…