4 May 2108 In April 2016, Saudi Crown Prince (Deputy at the time) Mohammed bin Salman (MBS) announced his Saudi Arabia 2030 economic strategy. The ambitious plan has two major objectives. First of all, the collapse in oil prices after 2014 requires a major overhaul of Saudi fiscal policy to reduce the huge budget deficit. [...]
12 September 2017 With the Aramco IPO widely anticipated, it is important to be familiar with the Saudia economic strategy. Likewise, with oil prices set to remain low, understanding the vision for reducing the nation's dependence on this commodity is crucial to future properity, as well as maintaining the currency peg. saudivision2030
18 May 2017 From alleged involvement in US and European elections and military campaigns in the Middle East, Russia is rarely far from the headlines. The recent apparent agreement between Saudi Arabia and Russia to extend previously agreed oil production cuts until the end of 2017 not only may improve sentiment in energy markets, but [...]
http://www.reuters.com/article/us-russia-energy-production-idUSKBN1691XP Discipline in the non-OPEC producers like Russia is needed to stabilise ioil prices. Technological adances in the US shale oil sector seem likely to keep the oil price in the $45 to $65 range.