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Saudi Crown Prince Mohammed bin Salman has put Public Investment Fund (PIF), Saudi Arabia's main sovereign wealth fund, at the centre of reforms.(AP)

How rich is Saudi Arabia? Kingdom does the math in balance sheet overhaul

Reuters | , Dubai
PUBLISHED ON FEB 23, 2021 10:19 PM IST
"The main purpose of this programme is to have a financial equivalent of an MRI of the government balance sheet," a Finance Ministry spokesman said.
The oil industry has been on edge for months with onshore and offshore storage capacity levels tested worldwide due to ballooning oil inventories spurred by the Covid-19 demand slowdown.(AP)
The oil industry has been on edge for months with onshore and offshore storage capacity levels tested worldwide due to ballooning oil inventories spurred by the Covid-19 demand slowdown.(AP)

Saudi oil rush threatens to disrupt stabilising US oil market

New Delhi, Delhi | By Bloomberg | Posted by: Shivani Kumar
UPDATED ON MAY 15, 2020 11:52 AM IST
As per data, over 30 tankers laden are set to arrive in the US Gulf Coast and West Coast during May and June.
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