Tag Archives: arabia

This result demonstrates how powerful remains the world’s largest oil exporter, despite growing competition from U.S. shale producers and other countries rich in oil. In February, Saudi Arabia agreed to join Venezuela, Qatar and other non-OPEC countries in relation to the freezing of oil production at the January level. The …

Among oil-producing countries already have been discussions about reducing the volume of extracted oil. Such measures are necessary for the resolution of global energy prices, particularly for oil. Long negotiations did not lead to any results. The country’s cartel “OPEC”, apparently, relied on self-stabilization of the price level and categorically …

Saudi Arabia in 2013-2015 reduced market share in nine of the fifteen most important countries-oil consumers, including the U.S., China, and South Africa. On Monday, March 28, reports “Interfax” with reference to review of the FGE, a Consulting company. According to the report, oil production in the middle East country …

In the first month of 2016 Russia overtook Saudi Arabia for volume of extracted oil. According to Rosstat, the day was made almost 10,46 million barrels. Now the oil-producing States are discussing the possibility of freezing the oil and gas producers throughout the year at the January level in order …

The Saudi authorities want to abandon oil as the main source of income and energy source and are planning to focus on renewable energy, specifically solar power plants. This was stated by the Minister of oil of Saudi Arabia Ali al-Naimi, reports Bloomberg. The official explains rejection of the oil …

Category “renewable Energy sources” in the community “Politics, economy, society (without bans)””   The Saudi authorities intend to abandon oil as the main source of income and resource supply. The Kingdom intends to focus on renewable energy.   It is reported Gazeta.ru with reference to the Agency Bloomberg, which quotes …

Saudi Arabia was ahead of Russia in oil production in January 2016 by 0.49% from the Joint Organization Data Initiative (JODI). Last month, oil production in Saudi Arabia amounted to 10.23 million barrels per day, and in Russia — is 10.18 million barrels a day, according to RNS. In addition, …

Saudi Arabia intends to take Bank loan in the amount of $6 billion to $8 billion, which will be the first most significant foreign borrowing by the Kingdom’s government for the first time in ten years.   Riyadh asked the lenders to extend the five-year loan in U.S. dollars with …

As noted in his new article known Western journalist and analyst Phil Butler, who worked closely with the leading Western oil experts, there are many indications that Saudi Arabia running out of oil. According to preliminary estimates, this should happen was by the year 2030. However, recent data show that …

  Saudi Arabia is ready to continue oil dumping Aleksey Topalov Shutterstock Saudi Arabia is ready to continue price war, and States that American oil projects must either reduce costs or leave the market. Until that happens, Riyadh will continue to play down, increasing the pressure on the oil quotes. …