Saudi Arabia must find competitive edge to defend longer-term share of Chinese crude market

Saudi Arabia must find competitive edge to defend longer-term share of Chinese crude market

In recent months, the market has touted Saudi Arabia’s success in capturing a larger share of China’s crude imports, surpassing Russia as the top supplier and even reaching record high export levels this summer. This development is in part the result of recent, strategic downstream investments by Saudi Arabia in China, but equally as much a mark of economic pragmatism and shifting winds in global crude markets. The kingdom will continue to face stiff competition in supplying the Chinese market, particularly from Russia, and has further work to do to secure its longer-term competitive advantage compared to other key suppliers.

The INSTC, transregional connectivity and geopolitics

The INSTC, transregional connectivity and geopolitics

The multi-modal International North-South Transport Corridor (INSTC) has the potential to boost Eurasian trade connectivity by linking Russia to the warm waters of the Persian Gulf and Indian Ocean. Only 160 km of track remains to be laid in Iran’s northwest for Mumbai to be connected to the Baltic Sea. However, geopolitical barriers and the fragile political commitment of member states risk putting the network into a state of arrested development and have raised questions about the project’s economic viability. Meanwhile, Russia is strengthening its access to diversified regional transit corridors in West Asia.

Ethiopia: highlighting growth drivers, pinpointing risks

Ethiopia: highlighting growth drivers, pinpointing risks

Ethiopia’s ambitious industrialisation strategy is expected to create opportunities in three main areas: power and distribution, logistics infrastructure and export-orientated manufacturing. While growth will be rapid, obstacles will prevent full realisation of government targets. Most notably, opposition to political reform and social unrest look set to challenge policy continuity.