Tag Archives: forex

Saudi Arabia to see its cash reserve to lessen dramatically in less than 5 years, according to CNN


Not even the mighty Middle East can survive cheap oil forever.

If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the International Monetary Fund end of October. That includes OPEC leader Saudi Arabia as well as Oman and Bahrain.
Continue reading Saudi Arabia to see its cash reserve to lessen dramatically in less than 5 years, according to CNN

Energy companies are finally starting to come back into favor.


After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe’s biggest producers are regaining fans as analysts bet earnings bottomed last quarter and will now start to recover.
Continue reading Energy companies are finally starting to come back into favor.