Saudi Arabia conjures up visuals of vast deserts and immense oil wealth. But it is also an emerging tourist hub. Saudi Arabia aims to diversify its economy, reducing its dependence on oil. Moreover, it is increasingly turning towards sustainable forms of energy.

Tourism in Saudi Arabia's future plans, country aims to diversify & reduce dependance on oil

In the world of oil trading, something unexpected is happening. Traders are paying less attention to Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, despite his recent pledge to cut oil production to the lowest level in over a decade.

Traders ignore Saudi’s Energy Minister’s production cuts

Saudi Arabia - the prominent member of the OPEC - has taken a decisive action of addressing the sliding crude prices to stabilise oil market. The kingdom plans to slash its oil supply by a significant one million barrels per day.

Saudi Arabia cuts supply to stabilise oil prices; oil-cut leaves investors guessing

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Tourism in Saudi Arabia's future plans, country aims to diversify & reduce dependance on oil

Traders ignore Saudi’s Energy Minister’s production cuts

Saudi Arabia cuts supply to stabilise oil prices; oil-cut leaves investors guessing