{"id":29067,"date":"2025-04-25T11:24:33","date_gmt":"2025-04-25T09:24:33","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=29067"},"modified":"2025-04-25T11:24:33","modified_gmt":"2025-04-25T09:24:33","slug":"saudi-arabia-is-rising-for-good","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/oil\/saudi-arabia-is-rising-for-good","title":{"rendered":"Saudi Arabia is rising for good"},"content":{"rendered":"<p data-start=\"52\" data-end=\"169\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-29070\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg?resize=1170%2C768&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"768\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg?resize=300%2C197&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg?resize=1024%2C672&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg?resize=768%2C504&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg?resize=1536%2C1008&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg?resize=1200%2C788&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p data-start=\"52\" data-end=\"169\">\n<p class=\"\" data-start=\"52\" data-end=\"169\">Saudi Arabia is pumping less oil and embarking on massive spending (cities of the future, major sporting events).<\/p>\n<p class=\"\" data-start=\"171\" data-end=\"297\">The most important statistic to watch is its balance of payments, which\u2014as you can see from this chart\u2014turns <em>negative<\/em> in 2024.<\/p>\n<p class=\"\" data-start=\"299\" data-end=\"453\"><strong>From being a lender to the world, it has become a borrower<\/strong>, and this is happening even with oil averaging $80 a barrel last year (and $78 so far in 2025).<\/p>\n<p class=\"\" data-start=\"455\" data-end=\"624\">This paradigm shift is here to stay. Trump\u2014who is visiting Saudi Arabia next month\u2014may face serious disappointment, as he hopes to leave with $1 trillion in investments.<\/p>\n<p class=\"\" data-start=\"626\" data-end=\"711\">This Saudi pivot is just one more sign of a global dynamic undergoing major upheaval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia is pumping less oil and embarking on massive spending (cities of the future, major sporting events). The most important statistic to watch is its balance of payments, which\u2014as you can see from this chart\u2014turns negative in 2024. From being a lender to the world, it has become a borrower, and this is happening&hellip;<\/p>\n","protected":false},"author":4,"featured_media":29070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941289,648941288],"tags":[],"class_list":["post-29067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil","category-saudi-arabia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Arabia is rising for good - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/oil\/saudi-arabia-is-rising-for-good\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia is rising for good - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia is pumping less oil and embarking on massive spending (cities of the future, major sporting events). The most important statistic to watch is its balance of payments, which\u2014as you can see from this chart\u2014turns negative in 2024. From being a lender to the world, it has become a borrower, and this is happening&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/oil\/saudi-arabia-is-rising-for-good\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-25T09:24:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/SA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"1247\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"Saudi Arabia is rising for good\",\"datePublished\":\"2025-04-25T09:24:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good\"},\"wordCount\":117,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/SA.jpg?fit=1900%2C1247&ssl=1\",\"articleSection\":[\"Oil\",\"Saudi Arabia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good\",\"name\":\"Saudi Arabia is rising for good - Michel Santi\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/SA.jpg?fit=1900%2C1247&ssl=1\",\"datePublished\":\"2025-04-25T09:24:33+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/SA.jpg?fit=1900%2C1247&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/SA.jpg?fit=1900%2C1247&ssl=1\",\"width\":1900,\"height\":1247},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/oil\\\/saudi-arabia-is-rising-for-good#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/michelsanti.fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi Arabia is rising for good\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/\",\"name\":\"Michel Santi\",\"description\":\"\\\"It is not because things are difficult that we do not dare. 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At the end of this summer of 2015, OPEC is just a shadow of its former self: simply put, it has been\u2026","rel":"","context":"In &quot;Oil&quot;","block_context":{"text":"Oil","link":"https:\/\/michelsanti.fr\/en\/category\/oil"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/AI.jpg?fit=930%2C620&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/AI.jpg?fit=930%2C620&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/AI.jpg?fit=930%2C620&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/AI.jpg?fit=930%2C620&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19136,"url":"https:\/\/michelsanti.fr\/en\/oil\/saudi-arabia-is-no-longer-too-big-to-fail","url_meta":{"origin":29067,"position":1},"title":"Saudi Arabia is no longer \u2018too big to fail\u2019","author":"Michel Santi","date":"December 5, 2018","format":false,"excerpt":"Is Saudi Arabia still an important partner to the US? The question answers itself, at least partially, with the Middle East having drastically changed since the strategic and fundamental alliance made in 1943 by President Franklin Roosevelt and King Abdulaziz Ibn Saud. It\u2019s now a distant time when FDR boldly,\u2026","rel":"","context":"In &quot;Oil&quot;","block_context":{"text":"Oil","link":"https:\/\/michelsanti.fr\/en\/category\/oil"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/12\/MBS.jpg?fit=750%2C375&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/12\/MBS.jpg?fit=750%2C375&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/12\/MBS.jpg?fit=750%2C375&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/12\/MBS.jpg?fit=750%2C375&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13670,"url":"https:\/\/michelsanti.fr\/en\/saudi-arabia\/saudi-arabia-black-swan-of-2016","url_meta":{"origin":29067,"position":2},"title":"Saudi Arabia: black swan of 2016","author":"Michel Santi","date":"January 14, 2016","format":false,"excerpt":"The Angolan kwanza collapsed by 15% in a few hours as soon as the country\u2019s authorities effected its devaluation a few days ago. Last month it was Azerbaijan\u2019s currency, the manat, which lost a third of its value in a few hours when its national central bank decided to abandon\u2026","rel":"","context":"In &quot;Oil&quot;","block_context":{"text":"Oil","link":"https:\/\/michelsanti.fr\/en\/category\/oil"},"img":{"alt_text":"P\u00e9trole","src":"https:\/\/i0.wp.com\/michelsanti.blog\/wp-content\/uploads\/2018\/10\/P%C3%A9trole-1-267x300-267x300.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":20031,"url":"https:\/\/michelsanti.fr\/en\/dollar-2\/the-saudi-us-pact-reflection-of-a-vulnerable-america","url_meta":{"origin":29067,"position":3},"title":"The Saudi\/US pact: reflection of a vulnerable America","author":"Michel Santi","date":"February 17, 2020","format":false,"excerpt":"\u00a0 The US is made a distant comeback. Its dollar was, at the start of the 1970s, in a precarious situation due to the exorbitant cost of the Vietnam war and the various social programmes whose combined effects meant the country could no longer maintain the parity with gold that\u2026","rel":"","context":"In &quot;dollar&quot;","block_context":{"text":"dollar","link":"https:\/\/michelsanti.fr\/en\/category\/dollar-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/02\/p%C3%A9trole-.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":20095,"url":"https:\/\/michelsanti.fr\/en\/oil\/oil-what-a-brutal-world","url_meta":{"origin":29067,"position":4},"title":"Oil: what a brutal world!","author":"Michel Santi","date":"March 9, 2020","format":false,"excerpt":"\u00a0 We are living in turbulent times and our world can attest, since a few days ago, to the equivalent of a declaration of war taking place on the oil market. Saudi Arabia, that is suffering a fall of more than 20% of its exports to China (its biggest client)\u2026","rel":"","context":"In &quot;Oil&quot;","block_context":{"text":"Oil","link":"https:\/\/michelsanti.fr\/en\/category\/oil"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/03\/Poutine-Roi.jpg?fit=480%2C360&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13799,"url":"https:\/\/michelsanti.fr\/en\/saudi-arabia\/qatar-saudi-arabia-a-cold-peace","url_meta":{"origin":29067,"position":5},"title":"Qatar &#038; Saudi Arabia: a cold peace","author":"Michel Santi","date":"April 22, 2018","format":false,"excerpt":"According to statements made by the then President of Yemen, Ali Abdullah Saleh, \u201cQatar has too much money\u201d. In fact, only the insiders were familiar with this Emirate prior to the 1990s, even though the little State has distinguished itself as the richest in the world per capita thanks to\u2026","rel":"","context":"In &quot;Saudi Arabia&quot;","block_context":{"text":"Saudi Arabia","link":"https:\/\/michelsanti.fr\/en\/category\/saudi-arabia"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/golfe-carte.jpg?fit=655%2C502&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/golfe-carte.jpg?fit=655%2C502&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/golfe-carte.jpg?fit=655%2C502&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/29067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=29067"}],"version-history":[{"count":3,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/29067\/revisions"}],"predecessor-version":[{"id":29074,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/29067\/revisions\/29074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/29070"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=29067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=29067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=29067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}