Saudi Arabia’s energy sector remains the backbone of the economy. As of March 2020 energy operations were facing the twin challenges of low oil prices and...
Saudi Arabia Energy
Saudi Arabia’s decision to weaken the link between hydrocarbons and economic growth, and pursue a policy of diversification has seen a wide range of projects come to fruition in the last several years. While at present the Covid-19 pandemic and the unprecedented plunge in oil prices are causing significant short-term uncertainty, the reforms that have been put in place in recent years should stand the Kingdom in good stead over the longer term.
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Economic update | The Gulf looks to carbon capture and hydrogen to drive the energy transition
10 Aug 2022
As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and other green energies to make their activities less carbon-intensive and support the energy transition.
Economic update | Report: What is the post-Covid-19 outlook for GCC chemicals and petrochemicals?
22 Mar 2022
The GCC chemicals and petrochemicals industry demonstrated considerable resilience in the face of Covid-19 and oil price fluctuations.
Economic update | How will an increase in polysilicon production affect the cost of solar power?
23 Feb 2022
As the prices of solar power inputs reach 10-year highs, Indonesia is looking to boost solar panel manufacturing.
Economic update | What impact will the rise in oil prices have on the energy transition?
16 Feb 2022
Amid an increase in global demand and concerns over key supplies, global oil prices are approaching $100 per barrel for the first time since 2014. But, with prices rising, what does this mean for the renewable energy transition, especially in Gulf countries?
Economic update | What role will nuclear play in emerging economies’ energy transitions?
11 Nov 2021
The ongoing UN Climate Change Conference in Glasgow has underlined how increased adoption of low-carbon energy sources will be key to reducing global emissions. While it is not without its detractors, many agree that nuclear power has a role to play in this.
Economic update | Report: How is the Covid-19 pandemic re-shaping the global oilfield services sector?
6 Oct 2021
The global oil industry had yet to recover from the price crash of 2014-15 by the time the pandemic hit in early 2020, which meant that upstream operators and service providers were already grappling with cost-related challenges and falling profit margins.