Geopolitics drive oil, again

Arabia Monitor Monthly
Geopolitics drive oil, again - Arabia Monitor

Florence Eid-Oakden, Ph.D, Chief Economist

Robin Mills, Energy Analyst

Charlene Rahall, Mingqiao Zhao, Chafic Mouharam, Analysts  

Highlights include:

  • Spending cuts in Bahrain could slow economic growth and proposals to cut subsidies have faced stiff opposition from some MPs, as well as members of the Al-Wefaq opposition in parliament.
  • Newly imposed US sanctions on Iran are heating things up domestically for President Hassan Rouhani and his ministers. Oil exports are expected to take a hit.
  • The recent suicide bombing in Tunisia should not cause a major dent in tourism this year, but such security concerns coupled with political tensions ahead of next year's elections may slow tourist numbers in the new year.
  • Chinese companies forged closer ties with Saudi Arabia during the “Davos in the Desert” Future Investment Initiative in Riyadh with deals signed worth USD 4B.

Arabia Monitor’s MENA Monthly publication provides a timely snapshot of most notable recent developments in the dynamic MENA region. Our analysts get past the news to deliver the core, forward looking conclusions that markets-oriented readers look for.

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