SUSRIS: Why Are Economists Bullish on Saudi Arabia in 2011?

Over at SUSRIS, I discuss why economists are overwhelmingly bullish with their forecasts for Saudi Arabia’s economic growth in 2011. “After all, Saudi Arabia’s economy escaped much of the destabilizing financial turmoil that gripped many economies, especially in the West, since the global economic downturn of 2008. While not without its own domestic and regional challenges […]

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Domestic Demand Drives Saudi Crude Production Above OPEC Quota: Report

Bloomberg reports that Saudi production of crude was 4.3 percent above its OPEC quota in order to meet growing domestic energy demands, citing the US Energy Information Agency. Oil’s price today inched toward $90 a barrel. On NGLs, “Saudi Arabia…has experienced a rise in demand for NGLs from developing countries, including India (the leading export destination), where it […]

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