US-Saudi Deal on Libya Exposed: You invade Bahrain. We take out Muammar Gaddafi in Libya.Abdus Sattar Ghazali
Saudi Arabia pumped just under 10 million barrels a day in December, according to figures from the kingdom and independent sources. The Saudis are limiting their output as part of a deal among two dozen producer nations that aims to reduce global stockpiles following a prolonged oil pric...
When the oil price was halved from $25 to $12, Russia defaulted on its debt. The Saudis and other OPEC members have, of course, used the oil price for the obverse effect, that is, suppressing production to keep prices artificially high and member states swimming in “petrodollars”. In...
The Saudi crown prince also said he’s getting close to striking a deal with Kuwait on resuming production of two jointly owned fields that can produce half a million barrels a day of crude. The Khafji and Wafra fields are located in the Neutral Zone, a portion of the two nations’...
All OPEC members benefit from higher prices as a result of the supply quotas adopted by the organization, but each member also has an incentive to supply crude above its quota to maximize oil revenue. The scale of Saudi Arabia's production relative to that of other OPEC members gives those ...
Burns’ reported complaints to Saudi officials this week could highlight concerns over Beijing’s growing influence in the region. Tensions between Riyadh and Washington have also been on the rise since last year, when OPEC+, a group of major oil exporters led by Saudi Arabia, opted to slash...
摘要: Saudi Arabia has told Exxon Mobil that it had closed talks on a US15-bn gas project, the biggest Saudi energy opening in nearly 30 years. The Saudi Oil Minister Ali al-Naimi sent notice in a letter to Exxon and fellow consortium members ending neogitations to develop gas in the ...
he added. “It’s a pretty dangerous neighborhood for the Saudis, and the U.S. plays a vital role in protecting them.” COULD FORCED PRODUCTION CUTS WORK IN THE U.S.? With state-run oil operations, OPEC nations can easily enact a cut or boost production. But the U.S. has ...
Business, China, Company Strategy, Economics, Europe, Middle East, Naphtha & other feedstocks, Oil & Gas, USBy John Richardson on 16-Sep-2016 SHARE THIS By John Richardson THE above chart should tell you a great deal of what you need to know about Saudi Aramco’s interest in buying ...
oil fields using military force in the event of a“strangulation”of the West by oil-producing countries. Although the US-Saudi oil deal predates these remarks, it’s not a stretch to imagine that the Kingdom regarded coming under the US tent as a safer move than waiting around to find ...