Outside the kingdom. the impact will be felt in business. finance and oil markets.
Read More »Is Saudi Arabia Lying about Its Oil Inventories?
Orbital satellite data suggests that Saudi Arabia’s crude oil inventories have risen slightly since early 2016.
Read More »Citi: Don’t Expect OPEC to Extend Production Cuts
The higher the price goes in the short run the more difficult it will be to return the oil taken off the market.
Read More »Oil Tycoons Make Billions in Saudi Purge
Other analysts say the actions by MBS could undercut one of his own top priorities.
Read More »Venezuela’s Rig Count Is at a 14-Year Low
Venezuela lost the top spot to Brazil amid triple-digit inflation. unpaid debts to oil-service companies and lack of investment.
Read More »Brazil Rejects Saudi Arabia`s Overtures on Oil Output Cuts
OPEC meets at the end of this month and has been widely expected to extend the deal.
Read More »U.S. Shale to Rise Much Faster Than Expected
US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.
Read More »OPEC Prepares For Peak Oil Demand in Late-2030s
Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators. according to OPEC.
Read More »Iran`s Oil Price Passes $60
Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.
Read More »Surge in Car Ownership to Drive Oil Demand Growth – OPEC
OPEC noted that advances in internal combustion engines has also made them more efficient.
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