GSN research show that Gulf-based companies have invested in more than 100GW of renewable energy capacity around the world, in a global push to be a leader in future energy markets, as well as transitional hydrocarbons industries, that is driven by commercial and diplomatic imperatives.
Issue 1197 - 12 March 2025
A decision by the Opec+ bloc to raise production from April has put more downward pressure on crude prices – and hence Saudi and other producer governments’ revenues for the year ahead. Crude prices may struggle to stay above $70/bbl, while Riyadh’s fiscal position is also being tested by Saudi Aramco’s falling profits and dividend payments.
Issue 1197 - 13 March 2025