Category: Saudi Arabia
The analysis published under this category are as follows.
Thursday, September 22, 2022
Saudi Arabia Potential DOOMSDAY Oil Market BLACK SWAN! / Commodities / Saudi Arabia
By: Nadeem_Walayat
Yes here's another potential black swan brewing in the background as the world continues to reel from the impact of high oil prices with the blame firmly being placed at the feet of Czar Putin, so I trundled along to take a look under the hood of the oil market and I noticed something strange that could result in an oil market DOOMSDAY Black Swan event!
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Wednesday, April 15, 2020
Saudi Arabia Releases Ambitious Plan To Diversify Economy / Economics / Saudi Arabia
By: OilPrice_Com
On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The “Vision for the Kingdom of Saudi Arabia” could radically transform Saudi Aramco, the Saudi economy, and the country’s social structure.
The plan has been pioneered by the 30-year-old Deputy Crown Prince Mohammed bin Salman, the second in line to the King, who has emerged as one of the most powerful figures in the Saudi government. Just a week ago his influence was on display; while it is difficult to know exactly what went on behind the scenes, all signs point to the Deputy Crown Prince overruling the long-standing and respected oil minister Ali al-Naimi to kill off the OPEC deal in Doha.
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Thursday, December 12, 2019
Technical Analysis Update: Tadawul All Share Index (TASI) - Saudi Arabia ETF (KSA) / Stock-Markets / Saudi Arabia
By: MarketsToday
Summary
- TASI / KSA break out of bull head & shoulders bottom trend reversal pattern.
- Indicates continuation of long-term upward sloping trend channel.
- Key Fibonacci zone targets marked on enclosed charts.
Thursday, April 25, 2019
Next Potential Targets for Saudi Stock Market (Tadawul) / Stock-Markets / Saudi Arabia
By: MarketsToday
Several weeks ago, the Tadawul All Share Index (TASI) went right through the 61.2% Fibonacci retracement (potential resistance) of the long-term downtrend that started off the September 2014 peak of 11,159.50 and kept going. Year-to-date the index is up 17.5%.
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Monday, January 28, 2019
Saudi Stock Market (Tadawul) at pivotal juncture / Stock-Markets / Saudi Arabia
By: MarketsToday
As of yesterday’s (Sunday) 8,528.30 trend high, the Tadawul All Share Index (TASI) has rocketed over 12% in 25 trading days, when counting from the swing low of 7,589.23 on December 23. A long-term bullish trend continuation signal was triggered on the move as the day’s close was at 8,509.43, just above the most recent peak of 8,502.92 from July 2018. Further, yesterday’s close was the highest daily closing price since August 2015.
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Saturday, November 03, 2018
Saudis Might Embrace A 'Take-The-Money-And-Run' Strategy Post Khashoggi / Politics / Saudi Arabia
By: Steve_H_Hanke
Since the murder of Jamal Khashoggi in the Saudi Consulate in Istanbul, oil prices have plunged by 11.92%. Just today, West Texas Intermediate (WTI) shed 4.56%. At present, WTI is trading at $66.05/bbl. That’s well below the high for the past year of $76.90. It’s also well below my forecast for the year’s end price of $75/bbl.
To shed some light on what might be driving the crude oil market, let’s use the flickering candle of the economics of production. The economic production rate for oil is determined by the following equation: P - V = MC, where P is the current market price of a barrel of oil, V is the present value of a barrel of reserves, and MC is the marginal recovery cost of a barrel of oil.
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Saturday, October 13, 2018
Ban Saudi Oil! / Politics / Saudi Arabia
By: Raul_I_Meijer
According to Middle East Eye, Richard Branson, Andrew Ross Sorkin, Economist editor-In-chief Zanny Minton Beddoes, World Bank president Jim Yong Kim, New York Times, Financial Times, Uber CEO Dara Khosrowshah, Viacom CEO Bob Bakish and AOL founder Steve Case have all withdrawn from Saudi Arabia’s Future Investment Initiative conference, to be held this month in Riyadh. Branson also put a $1 billion investment plan on hold.
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Monday, September 17, 2018
Saudi TASI Stock Index Continues to Weaken Following Breakdown from Rising Wedge / Stock-Markets / Saudi Arabia
By: MarketsToday
Following a breakdown from a bearish rising wedge several weeks ago, the TASI (Saudi Arabia stock market) seen three consecutive weeks of falling prices. The index is now fast approaching the first key support zone to watch for a potential short-term bounce. Typically, at some point following a breakdown a bearish pattern a counter-trend rally will occur back up towards the breakdown zone (approx. 7,226) to some degree, before a continuation lower kicks in.
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Monday, August 20, 2018
TASI - Saudi Arabia Stock Index Outlook / Stock-Markets / Saudi Arabia
By: MarketsToday
Further weakness will confirm bearish outlook for the Tadawul All Share Index (TASI)
TASI (Saudi Arabia stock market) poised to breakdown from large bearish Ascending Wedge pattern.
Weakness apparent over past couple of months and follows a prior advance.
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Sunday, May 20, 2018
Saudi Arabia Stock Market Technical Update: Tadawul All Share Index (TASI) / Stock-Markets / Saudi Arabia
By: MarketsToday
- Larger advance stalls at the 50% retracement zone.
- Deeper short-term pullback may occur.
- Followed by advance to new highs.
Sunday, March 25, 2018
China Invades Saudi Oil Realm: PetroDollar Kill / Politics / Saudi Arabia
By: Jim_Willie_CB
China is working a strategy with the Saudis. Since the last months of 2017, the Jackass has been firm that the ARAMCO deal for IPO stock introduction might never occur. And if it did, then Hong Kong might be the only location for the IPO launch. It seems that disclosure and transparency is non-existent to this Arab kingdom. Now the stock listing might be in Riyadh and nowhere else. Imagine the risk to brokerage houses if the truth comes out, that the Saudi oil reserves are only 20% to 40% of the disclosed amount, a grand lie and deep fraud. Such will not stop China from investing privately in ARAMCO, since it would serve two purposes. It would enable huge diverse participation in the Saudi Economy, which contains a second treasure trove of minerals. It would enable the Chinese to purchase Saudi oil in RMB terms for payment. In the last month, the Russians confirmed an equally sized investment stake in ARAMCO. If the Chinese sit on the ARAMCO board of directors, they will surely convince the Saudis to alter the payment method in approval. It could be a primary part of the deal.
Wednesday, December 13, 2017
Why the Saudis Failed to Cripple Qatar / Politics / Saudi Arabia
By: John_Mauldin
BY ALLISON FEDIRKA : Six months ago, Saudi Arabia announced the closure of its shared land border with Qatar in response to its supposed support of terrorism. The other Gulf Cooperation Council members denied Qatar use of their airspace and ports.
The measures were meant to bring the Qatari economy to its knees. However, the plan didn’t work out as planned and the effort ultimately failed.
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Sunday, November 12, 2017
Finally, The Fall Of The House Of Saud / Politics / Saudi Arabia
By: Jim_Willie_CB
*** COLLAPSE OF THE KINGDOM ***
The Saudi Kingdom will fall, a longstanding Jackass forecast, an inevitable event
The Saudi Kingdom will fall alongside the ruined collapsing Petro-Dollar
The Saudi foundation has been the primary element to entire Petro-Dollar system
This Saudi situation is loaded with intrigue, corruption, cunning, collusion, criminality
The Saudi region will erupt in chaos ruin decay and gross destabilization
The entire Saudi situation is a grand mixture of deep corruption and wreckage
The Saudi Royals will scatter and escape with stolen wealth, an absolute guarantee
Sunday, August 20, 2017
Cash-Strapped Saudi Arabia Is Willing To Give Up Its Influence To Iran / Politics / Saudi Arabia
By: John_Mauldin
BY XANDER SNYDER : Saudi Arabia’s strategy in the Middle East has for years focused on throwing money at majority Sunni states and groups in the region to counter Iranian influence. But its fiscal constraints started to limit its ability to project power even in the Arabian Peninsula.
Funding Sunni jihadist groups has not had the desired outcome. The rise of the Islamic State is evidence that this strategy can have unintended results. In fact, Saudi Arabia’s attempt to expand its influence regionally may have actually reduced Saudi power both domestically and on the peninsula.
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Monday, August 07, 2017
TASI Targets Higher Prices Following Breakout Of Bull Pennant / Stock-Markets / Saudi Arabia
By: MarketsToday
The Tadawul All Share Index (TASI) bull trend is preparing for its next move higher following a pull back towards support. Support can be anticipated anywhere from last week’s low of 7,059 and down to approximately 6,870. The lower part of the range is from previous resistance (now potential support) at the swing high from April 2016. That high marked the top of a large double bottom trend reversal pattern.
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Thursday, May 25, 2017
The US-Saudi Arms Deal - Sordid Saudi Signals / Politics / Saudi Arabia
By: Jim_Willie_CB
THE SAUDI ARMS DEAL SUDDENLY TRIPLED IN SIZE WITH LONG TIME SCHEDULE WITHIN THE AGREEMENT… TRUMP COMPLETED THE SINGLE LARGEST ARMS DEAL IN US-HISTORY, DONE WITH SAUDI ARABIA… IT EXCEEDED THE PREVIOUS COMMITMENT FROM TWO WEEKS AGO, NOW WORTH $350 BILLION… WITNESS US-STYLE ECONOMIC STIMULUS, THE TOXIC WAY… THE USGOVT SUPPORTS THE FADING SAUDI KINGDOM, SUPPORTS THEIR VICIOUS YEMEN WAR, AND APPLAUDS THEIR SUPPORT OF ISIS TERROR… THE USGOVT IS ENCOURAGING THE FORMATION OF A GULF REGION NATO, SURELY DEDICATED TO US-ARMS SUPPLY… CURIOUS THE PAYMENT METHOD TO COME, WITH CONJECTURE.
Wednesday, March 15, 2017
Desperate Saudi Arabia Turns to Asia for Investment / Economics / Saudi Arabia
By: John_Mauldin
BY XANDER SNYDER : King Salman of Saudi Arabia visited Malaysia on February 26. It was the first trip to the country for a Saudi monarch in over a decade. In his tour through Asia, visits also included Brunei, Japan, China, and Indonesia. Jakarta has not received a formal Saudi visitation in nearly five decades.
Wednesday, April 27, 2016
Saudi Arabia Releases Ambitious Plan To Diversify Economy / Economics / Saudi Arabia
By: OilPrice_Com
On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The "Vision for the Kingdom of Saudi Arabia" could radically transform Saudi Aramco, the Saudi economy, and the country's social structure.The plan has been pioneered by the 30-year-old Deputy Crown Prince Mohammed bin Salman, the second in line to the King, who has emerged as one of the most powerful figures in the Saudi government. Just a week ago his influence was on display; while it is difficult to know exactly what went on behind the scenes, all signs point to the Deputy Crown Prince overruling the long-standing and respected oil minister Ali al-Naimi to kill off the OPEC deal in Doha.
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Tuesday, January 12, 2016
Feeling Abandoned, Saudi Arabia Ups the Ante / Politics / Saudi Arabia
By: John_Browne
Last week a major diplomatic crisis developed between Saudi Arabia and Iran over the Saudi execution of Nimr al Nimr, a charismatic Shiite cleric and anti-Sunni political activist. Nimr's execution was an important political decision. On its face, it served to increase tensions in the developing struggle between Saudi Arabia and Iran for regional influence, a drama that has come to full boil as a result of decades of American policy mistakes. This Middle Eastern cold war, which divides Islam along Sunni/Shia sectarian lines, now threatens international oil supplies and regional peace.
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Wednesday, September 02, 2015
Syrian Refugee Crisis - Is Germany More Islamic than Saudi Arabia? / Politics / Saudi Arabia
By: Nadeem_Walayat
Whilst many european nations are positioning their storm troopers on their borders and ports to repel the swarm (David Cameron) or hordes as other politicians have referred to the mass migration underway, instead Germany has now taken the opposite position by opening its doors to this year settle as many as 800,000 mostly Syrian refugees out of a potential total of 1 million Syrian refugees expected to enter Europe this year which itself is out of a total Syrian refugee population of more than 4 million who today are mostly sat in refugee camps in Turkey, Jordan and Lebanon, most of whom seek to follow the now well trodden migration paths northwards.