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Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel....
Die Rating-Agentur Standard and Poor's lobt die Reformpolitik in der grössten arabischen Volkswirtschaft und belohnt die Saudis in ihrer dritthöchsten Kreditwürdigkeitsstufe mit einem Plus vor der Note A. Die Euphorie unter ausländischen Firmen hat indes nachgelassen. Trotz der üppig fliessenden Petrodollars hat dies mit Geld zu tun....
Moody's upgrades Saudi Arabia's rating on economic diversification efforts Nov 22 (Reuters) - Global credit ratings agency Moody's upgraded Saudi Arabia's rating to "Aa3" from "A1" on Friday, citing the country's efforts to diversify beyond its oil economy. The world's leading oil exporter is investing billions of dollars to achieve its Vision 2030 plan, which focuses on reducing its reliance on oil and spending more on infrastructure to boost industries like tourism, sports and manufacturing....
Carole Nakhle, founder and director of Crystol Energy, says the oil price target may be more of an "indirect message" from Saudi Arabia, to those who undercomply with their commitments within the OPEC+ alliance....
Carla Slim, economist for Middle East and North Africa at Standard Chartered, says the kingdom's non-oil growth has been "robust and resilient" since the recovery from the Covid-19 pandemic....
Saudi Aramco reiterated its conventional oil supplier ties with China and will help Beijing accomplish its carbon neutral goal by jointly developing clean energy....