Energy Tokens’ Post

The Future of Oil: What Happens If Saudi Arabia Cuts Production? Discover the potential impact on global oil prices if Saudi Arabia reduces production or if oil prices reach $120-130 per barrel. Gain insights into the oil market and its potential consequences for the economy. #OilMarket #SaudiArabiaProduction #GlobalOilPrices #EconomicImpact #OilPriceForecast #EnergyIndustry #OilMarketTrends #CrudeOilPrices #EnergyMarketAnalysis #OilPriceImpact

The Future of Oil: What Happens If Saudi Arabia Cuts Production? Discover the potential impact on global oil prices if Saudi Arabia reduces production or if oil prices reach $120-130 per barrel. Gain insights into the oil market and its potential consequences for the economy. #OilMarket #SaudiArabiaProduction #GlobalOilPrices #EconomicImpact #OilPriceForecast #EnergyIndustry #OilMarketTrends #CrudeOilPrices #EnergyMarketAnalysis #OilPriceImpact

2. **Global Oil Market**: The global oil outlook faces challenges due to a softening demand from China, which is affecting prices. Additionally, Saudi Arabia has pledged significant oil cuts starting this month . #GlobalOilMarket #businesssnews

Saudi-Russia Tensions Ahead? The Chart shows that global spare #oil production capacity is at a ~30-year high, in part due to #Saudi cutbacks. At the same time, new #Russian projects are slated to come online, raising the potential for tensions with the Saudis. Will a synchronized global economic expansion boost oil prices or will excess global supply knock them down? Find out more: <https://lnkd.in/gHJVw7az>

The outlook remains strong. With non-oil reforms and mega-investments continuing, Saudi Arabia is on track for sustained growth and diversification. The future is bright for the Saudi economy

Slow and Steady...Although Saudi Arabia still relies heavily on oil and gas revenue for its budget expenditures, the country has strengthened efforts to boost non-oil growth and create new income streams as part of its Vision 2030 strategy. In the June-September quarter, the Gulf state's non-oil activities rose by 4.2% year-on-year, government activities increased by 3.1%, and oil activities saw a marginal rise of 0.3%, according to flash estimates released by the General Authority for Statistics (GASTAT). https://lnkd.in/daVKe9AA

#Oil_Prices #The_Basic_Problem_of_Iraq_Economy Oil-producing countries are trying to address the decline in oil prices by reducing the amount of oil supplied to the global market in order to meet the increasing demand, which leads to an increase in oil prices. Iraq faces two difficult decisions: 1- Reducing production 2- Continuing with rising production levels Both mean low financial revenues and lead to a dilemma: How can #general_budget be financed?? The decision to reduce or increase production is not only subject to economic motives, but there is also a political motive that has other calculations far from the #Iraqi_budget #Iraq, #Oil, #Budget, #oil_prices

In recent years, the Kingdom has launched plans to diversify its economy and reduce its reliance on #oil, as detailed in Vision 2030. In alignment with this vision, #KAPSARC recently published a Discussion Paper titled "Forecasting Saudi Arabia's Non-Oil GDP Using a Bayesian Mixed Frequency VAR." This paper introduces a Bayesian mixed frequency vector autoregressive (MF-VAR) model to forecast the non-oil GDP of Saudi Arabia, covering both private and government sector components. Explore more: https://lnkd.in/dUVAB4fr

It looks like #Opec Plus reached a deal to extend #Oil production cuts into H2 2024 to avert a global surplus and shore up prices. As my followers might recall, the so-called “voluntary” cuts from key members including Saudi Arabia and Russia total roughly 2 million barrels a day and are set to expire at the end of June. There are many indicators out there that point to the risk of oversupply in the market. One is the #Brent Futures Curve, which is in backwardation, meaning that more extended tenor contracts are cheaper than the spot price. Saudi Arabia also wants higher prices. The kingdom needs prices close to $100 a barrel to fund the ambitious spending plans of Crown Prince Mohammed bin Salman. One thing is for sure: Saudi Arabia seems to inevitably drift away from policies that are friendly to the USA! Please feel free to comment. I always value the opinions of my followers! #economy #markets #investing

Expect more inflation coming