The difficult economy condition in Saudi Arabia due to murdered Jamal Khashoggi issue

Saudi Arabia is currently suffering from a great deal about the economy. The murder of Jamal Khashoggi has been condemned by Saudi Arabia's prince, Mohammad bin Salman, as the dominant force behind it.

Jamal Khashoggi is a opposite position journalist from Saudi Arabia, writing critical articles about the Saudi Arabian royal family. On October 3, the Saudi Arabian consulate in Turkey was killed and the royal family of Saudi Arabia rose to the forefront.

However, US president Donald Trump did not seem to care about it, but he was just thinking about international oil prices.

Because the US president did not care, others were not okay, and a lot of foreign capital, which had flowed into Saudi Arabia because of the killing, are not being leaked.

So, it is planned by Prince Mohammad bin Salman. The oil diversification and the economic diversification of Saudi Arabia are in trouble now.

In fact, it decided to postpone the public offering of Aramco, the state-owned enterprise that will become the capital of Saudi Arabia's core economic diversification.

And last month, Saudi Arabia government planned the investment diversification project, but many investors have already declared their absence and there are many trial and error.

Saudi Arabia's economic diversification plan, which has been difficult due to the Jamal Khashoggi offensive, has become more difficult. Saudi Arabia's government will have to concentrate on the OPEC meeting next month, but experts should analyze its plans to diversify the economy further.

The recent fallen oil price(WTI)

(Source - http://www.cx-portal.com/wti/oil_ko.html)
The price of oil has soared since about two months earlier this year, and it is now falling drastically. There has been a worldwide fears that the price of oil may surpass $ 100 due to US sanctions on Iranian oil exports and a fall in the US stock market.

However, since this month, international oil prices have fallen sharply due to price declines due to oversupply concerns, and Iran's oil exports are being implemented, but the inclusion of countries that are excluded has led to a view that oil prices have not soared.

And next month, at a meeting between OPEC nations in the Middle East, oil production is scheduled to be cut to adjust oil prices. However, US president Trump urged Saudi Arabia not to cut production because he needs to lower international oil prices.

And oil-producing nations that are not members of OPEC now are considering cutbacks, as global oil supplies have steadily increased, and oil prices have fallen sharply in recent years.

Oil prices are expected to rise next month, following OPEC members 'meeting next month and other oil production nations' policies.