Saudi Arabian Economy Braces for Foreign Domination

On Tuesday, the Saudi cabinet agreed to allow 100% foreign ownership of companies in the retail and wholesale industry. The wording of the announcement was careful; ‘only in retail and wholesale’, suggesting a limitation on foreign ownership when in fact, the industries in which foreign ownership has been permitted are some of the most lucrative. The retail industry thrives off …

Africa’s Soaring Demand for Energy Creates Oil Storage Opportunities for Investors

Africa’s annual appetite for gasoil and gasoline is expected to climb by as much as 8%, while demand for liquefied petroleum gas (LPG) has hit double digits. The continent’s growing home-grown energy supply will help satisfy some of the burgeoning demand. Africa produced 8.2m b/d of crude last year – 76% came from Nigeria, Algeria, Egypt and Angola, according to …

Disruptive Technologies Could be Savior Oil Industry Seeks as it Contends with Low Prices

Oil and gas companies, which are grappling with an intense battle for customers amid a supply glut and stressed prices, are increasingly looking for ways to improve efficiency and reliability of their assets to gain a competitive edge. One area of rising investment is in the confluence of technology that allows greater communication and integration of different devices and sensors, …