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Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report
Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report Rumors that Saudi Arabia might raise oil production spread across financial media last week, prompting representatives of the Kingdom to eventually step in and confirm that the Kingdom planned to ramp up production to try and compensate for the expected hole in global supply […]
$200 Billion Saudi Solar Megaproject Might Never Happen
$200 Billion Saudi Solar Megaproject Might Never Happen A $200-billion solar power project that was planned to be the largest solar farm in the world might never happen, government sources from Riyadh told the Wall Street Journal. The Kingdom earlier this year announced the funding and a partnership with Japanese SoftBank as part of its […]
How Much Spare Capacity Does Saudi Arabia Really Have?
How Much Spare Capacity Does Saudi Arabia Really Have? Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive reserve of spare capacity located in the Saudi desert is the stuff of legend, taken as gospel in […]
Fragility of Middle East alliances becomes ever more apparent
Fragility of Middle East alliances becomes ever more apparent Three recent developments lay bare the fragility of Middle Eastern alliances and a rebalancing of their priorities: the Russian-Turkish compromise on an assault on the rebel-held Syrian region of Idlib, the fate of troubled Abu Dhabi airline Ettihad, and battles over reconstruction of Syria. These developments […]
Iran Warns Saudis Of “Red Lines” And Threatens US Bases “Will Not Be Safe”
Iran Warns Saudis Of “Red Lines” And Threatens US Bases “Will Not Be Safe” Iran has issued a number of threats on Friday following official charges made by leaders in Tehran that Saudi Arabia and the UAE funded a terrorist attack on a military parade in a southwest district last Saturday which killed 25 people, […]
Russian Oil Production Hits Post-Soviet Record
Russian Oil Production Hits Post-Soviet Record While there has been no love-loss between the U.S. and Russia in recent years, news coming out of Moscow yesterday was sure to cheer the most ardent Russian naysayers in both Washington and especially the U.S. energy patch. A Russian government official, according to a Bloomberg report, asking to […]
What happened to crude oil production after the first peak in 2005?
What happened to crude oil production after the first peak in 2005? The IEA (in Paris) proudly announced in its latest September 2018 Monthly Oil Market Report that global supplies (of liquids) have reached 100 mb/d in August, an impressive figure. What matters, however, is crude oil production, something the IEA does not show in […]
America is today’s Nazi Germany.
America is today’s Nazi Germany. It’s not against Jews this time; it’s against, especially, Houthis. The U.S. and its allies — in this case mainly the Saud family who own Saudi Arabia — are systematically blocking food from reaching tens of millions of people, Houthis, who live in Yemen and are surrounded by the U.S. […]
The U.S. Calls On Russia To Cap Soaring Oil Prices
The U.S. Calls On Russia To Cap Soaring Oil Prices As crucial mid-term congressional elections in November draw near, the Trump administration is feeling the heat over higher oil prices. London-traded global oil benchmark Brent breached the $80 per barrel price point on Wednesday, its highest level since May 2. NYMEX-traded U.S. oil benchmark West […]
The U.S. Is The World’s Top Oil Producer, But For How Long?
The U.S. Is The World’s Top Oil Producer, But For How Long? The U.S. Energy Information Administration (EIA) said on Tuesday that the U.S. likely surpassed Saudi Arabia and Russia earlier this year to become the world’s top crude oil producer. The EIA based its disclosure on preliminary estimates in its Short-Term Energy Outlook which […]
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil For a few months now, OPEC has been boosting production to ease concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting an increase in crude oil exports to […]
How Much Longer Can The Saudis Suppress Oil Prices?
How Much Longer Can The Saudis Suppress Oil Prices? When earlier this week reports emerged that Saudi Arabia is striving to keep oil prices in the range of US$70-80 per barrel in a bid to balance its need for higher prices with President Trump’s insistence that oil is kept within reasonable bounds, few must have […]
CIA and Saudi Arabia Conspired to Keep 9/11 Details Secret, New Book Says
CIA AND SAUDI ARABIA CONSPIRED TO KEEP 9/11 DETAILS SECRET, NEW BOOK SAYS It’s easier to bury uncomfortable facts than to confront them. So this September 11, the ceremonies marking the 2001 attacks on New York and Washington, D.C., will simply honor the dead. In Manhattan, tourists and mourners will gather where the World Trade […]
