In this commentary to the Gulf Intelligence, Dr Carole Nakhle, CEO of Crystol Energy, discusses the latest developments in global oil industry.
Dr Nakhle talks about the global economic recovery which seems to be heading on the right direction, although there is still lots of uncertainty in the growth projections. The new US Presidency continues its efforts to support the economy by announcing more stimulus packages, which do not necessarily seem to be similar to the conventional ones as Biden’s plans are increasingly concentrated on tackling the income disparity within the country. The Federal Reserve has also maintained its current policy.
Dr Nakhle further comments on the discussions Saudi Arabia has had to sell a 1% stake in Aramco, as well as Oman’s announcement to sell some of its assets, which both seem to be part of the latest trend in the region as the countries seek to diversify their economies, raise money and secure their market share.
Dr Nakhle is joined by Maleeha Bengali, Founder, MB Commodity Trader, and Victor Yang, Senior Editor, JLC Network Technology. Sean Evers, Managing Partner, Gulf Intelligence, moderates the discussion.
Watch the full discussion:
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