In the war of kancevica with Saudi Arabia there’s a new humble “hero”, which, in principle, can provide the American oil companies win — it’s sand. Ordinary sand, which became the main element of the improved technology of hydraulic fracturing. Recall that this method is the injection of water mixed …
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Saudi Arabia, competing with Russia, Iraq and Iran in the oil market, reduced last weekend the price of raw materials produced by it to maintain its share in the major Asian markets. About this newspaper The Wall Street Journal. On Sunday, July 31, the Saudis lowered the price to Asian …
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The economy of Saudi Arabia stabiliziruemost, after the government has implemented key reforms to overcome the financial and economic crisis due to falling oil prices. Over the past two years, Saudi Arabia has reduced energy subsidies, public spending and started to look for new ways to increase revenue outside the …
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Saudi Arabia has been fighting with other OPEC members, since the fall in oil prices two years ago. And soon the Kingdom will be able to prove that his strategy to oust competitors from the market quite successful. Squeeze all the key players, the Saudis were able to almost completely …
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It will be an amazing game on oil and nerves. Saudi Arabia agreed to freeze oil production. This is a preliminary decision, which was announced on the eve of the meeting of countries and applying for membership in OPEC on 17 April in Doha. Position SA, as always, very opaque. …
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Saudi Arabia is preparing for the end of the oil era. Riyadh will create the world’s largest sovereign wealth Fund, said Prince Mohammed, the son of king Salman and Deputy crown Prince, i.e. the third person in the Kingdom. Of course, 2 and a half trillion dollars in public investment …
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The fall in oil prices has forced Saudi Arabia to act more decisively in the part of fundamental changes in the economy. Low price effect much better than statements by any organizations, such as, for example, the IMF. According to experts of the Atlantic Council, fiscal pressure makes “the leadership …
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Moscow and Riyadh are not agreed on the withdrawal of Russian troops from Syria in exchange for cooperation in the oil issue. This was announced by the Minister of foreign Affairs of the Kingdom, Abdulaziz al-Jubayr, his words are reports Reuters. “As far as I know — I think I’m …
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America is looking for a way to keep its allies Turkey and Saudi Arabia from carrying out military operations in Syria, because it is fraught with serious conflict with Russia. Syria is getting out of control. In particular, the situation in its Northern part, which can change the course of …
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