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Monday, August 11, 2025
TopicSaudi oil shock

Topic: Saudi oil shock

Saudi Arabia faces a double crisis and people are waking up to a harsh new reality

With plunging crude prices and coronavirus shutdowns, the non-oil economy in Saudi Arabia is expected to contract for the first time in over 30 years.

Saudi oil shock will probably not matter as much to the world as it could to India

The global energy market has diversified and the loss of 5.7 million barrels of oil in an $84.8 trillion global economy is less likely to qualify as major crisis.

Saudi oil shock could unite India, China amidst tensions in Middle East

China, India, Japan and South Korea are dependent on Saudi exports and would not want the geopolitical crisis to escalate.

On Camera

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