Saudi Arabia

Deutsche Bank Fined $132M Over Bribery Schemes
Risk & Compliance

Deutsche Bank Fined $132M Over Bribery Schemes

U.S. authorities say the scandal-plagued bank made improper payments to politically-connected intermediaries to secure business overseas.
By Matthew Heller | January 11, 2021
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Saudi Investment Fuels Rally in Carnival Shares
Credit & Capital

Saudi Investment Fuels Rally in Carnival Shares

The world's largest cruise operator is grappling with a heavy debt burden as it ships remain idled due to the coronavirus pandemic.
By Matthew Heller | April 8, 2020
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Oil Prices Rebound on U.S. Stimulus Hopes
The Economy

Oil Prices Rebound on U.S. Stimulus Hopes

After Monday's epic collapse, prices also got a boost from signs that Saudi Arabia and Russia will resolve their differences over oil production.
By Matthew Heller | March 10, 2020
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Oil Prices Spike After Saudi Attacks
Supply Chain

Oil Prices Spike After Saudi Attacks

The energy price shock was felt through global markets.
By Lauren Muskett | September 16, 2019
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U.S. Oil Production to Hit New Record in 2018
The Economy

U.S. Oil Production to Hit New Record in 2018

With the shale boom continuing, the IEA says the U.S. will overtake Saudi Arabia as the world's No. 2 producer.
By Matthew Heller | January 19, 2018
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Oil Prices Fall on Supply Fears
The Economy

Oil Prices Fall on Supply Fears

U.S. shale drilling is seen as a major culprit in the oversupply.
By William Sprouse | June 20, 2017
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GE Backs Saudi Efforts to Diversify Economy
Strategy

GE Backs Saudi Efforts to Diversify Economy

The company is investing at least $1.4 billion in industrial projects as part of Saudi Arabia's plan to reduce its dependence on oil.
By Katie Kuehner-Hebert | May 23, 2016
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Finance Roundup for Executives
Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance. Read CFO.com's most recent headlines and standout stories.
By Kerry Maruna | April 13, 2016
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Oil Price Fall Hits Saudi Arabia’s Credit Rating
Risk

Oil Price Fall Hits Saudi Arabia’s Credit Rating

Fitch Ratings reduced Saudi Arabia’s long-term foreign and local currency ratings to "AA-," the fourth-highest investment grade.
By Matthew Heller | April 12, 2016
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The Most Serious Emerging-Market Risk
Risk & Compliance

The Most Serious Emerging-Market Risk

Currency volatility is an annoyance, but it's when governments institute capital controls that multinationals really have a problem.
By Vincent Ryan | March 16, 2016
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Oil Prices to Fall Through 2016 Until Supply Rebalances
The Economy

Oil Prices to Fall Through 2016 Until Supply Rebalances

Low prices and large inventories are not stopping OPEC from adding to the glut of crude oil.
By Katie Kuehner-Hebert | July 10, 2015
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Oil Glut May Last Until 2016
Supply Chain

Oil Glut May Last Until 2016

OPEC countries pumped oil at record monthly rates in May.
By Katie Kuehner-Hebert | June 16, 2015
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OPEC Cuts Demand Forecast But Keeps Production Targets
Supply Chain

OPEC Cuts Demand Forecast But Keeps Production Targets

OPEC says crude oil demand will drop to 28.92 million barrels per day in 2015, more than 1 million bpd less than it currently produces.
By Matthew Heller | December 10, 2014
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Unsustainable Energy
The Economy

Unsustainable Energy

The price of oil has been tumbling. The cost of finding it has not.
By Economist Staff | October 13, 2014
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