For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s only...
Matthew DiLallo
A: Hew Crane came up with this term. He was waiting in a gas line in 1973 when he began contemplating how much oil the world was then using annually. He made some guesses of the number cars, and the miles driven by each, etc., and came up with an estimate approaching a trillion g...
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets Copper Saudi Arabia is beli...
and spiraling into an unmitigatable environmental disaster. John Hocevar is a marine biologist who leads the Oceans Campaign for Greenpeace, and spearheaded the group’s response to the BP oil spill in the Gulf. Increasingly, his work has centered on plastics. “This is a much bigger problem...
Something bizarre happened in the oil markets on Monday: Prices fell so much so that traders paid buyers to take oil off their hands. 周一的原油市场发生了另令想不透的事情,油价跌到原油商向采购商付钱来摆脱原油。 周一,石油市场发生了一件异乎寻常的事:油价暴跌,以至于一些卖家倒贴钱给买家,以摆脱手...
In 2022, Thailand’s trade with the United Arab Emirates (UAE) reached a remarkable US$3.4 billion, dominated by car parts, air conditioners, agricultural goods, and tech equipment, noted by the ASEAN Briefing. The non-oil trade alone between the two countries grew by 21%, hi...
One thing is already painfully clear. The private sector is yet to take off in the Gulf. Almost 80% of all non-oil economic growth in the last five years in Saudi Arabia has come from government spending. Although an impressive 35% of Saudi Arabian women are now in the labour force, ...
And this is how they can literally get away with murder. Oil is what makes the world go-round, and this unholy alliance with the United States dollar has given Saudi Arabia the ability to name its price. They can even pay for it in blood, just so long as the dollars keep flowing to...
In early 2021, as much of the world was living under pandemic lockdown restrictions, Fifa president Gianni Infantino touched down in Saudi Arabia for a two-day visit. While there, he appeared in a promotional video for the government filmed at the ruins of Diriyah, the ancestral home of the...