Oil
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
The rating reflects minimal default risk, strong ability to meet financial obligations
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says
Surprise decline in U.S. crude stockpiles supports prices
The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Concerns over China's economic weakness continue to impact oil market
The focus on U.S. inflation data, OPEC report influences oil prices
Despite decline in oil production, diverse industries foster growth in the kingdom
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
