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saudi arabia

Energy Quote of the Day: Did I Miss Where it Said There Will be Zero Demand for Oil by 2050?

February 26, 2015 by Edward Dodge
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Saudi Arabia and Energy Source Change

Saudi Arabia’s oil minister is concerned about potentially disruptive trends that could undermine the oil industry in the coming decades. New technologies and efforts to cut carbon emissions offer potentially existential threats to the world’s most important commodity.[read more]

Getting Real About Energy in Cubic Miles of Oil

February 26, 2015 by Ripudaman Malhotra
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Today, with plummeting oil prices and news reports of US oil production poised to exceed that of Saudi Arabia’s, there is a perception on the street that there is no energy crisis. Yet just a few years ago, we were all talking about one. Have things changed so dramatically so fast?[read more]

Saudi Arabia Budget Insulated from Effects of Lower Oil Prices

February 15, 2015 by U.S. EIA: Today in Energy
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Saudi Arabia and Oil Price Impacts

Saudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country's total revenue in 2014. The recent decline in global oil prices is decreasing the value of these exports, leading to a potential budget shortfall.[read more]

Are the Saudis Scared to Cut Oil Production?

February 9, 2015 by Jared Anderson
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Saudi Oil Production and Risk

For decades OPEC played a price-setting role by increasing production to boost supply when prices were deemed too high. And the producers throttled output back to constrain supply and thus add price support during periods of oil price decline. But things are different now.[read more]

Energy Quote of the Day: 'Lower Oil Prices will Make it More Difficult to Achieve Climate-Change Goals'

February 1, 2015 by Edward Dodge
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Oil Prices and Climate Action

The Saudis have stated that their goal in maintaining current oil output and export volumes has been to protect market share against foreign rivals. The Saudi’s rivals are not limited to other oil producers though, they are also striving to undermine clean energy technologies and climate change policies.[read more]

Energy Quote of the Day: "Baloney and Rubbish"

January 17, 2015 by Jared Anderson
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Oil Price Collapse and Producer Action

Saudi prince Alwaleed bin Talal made headlines this week when he stated oil prices would never again exceed $100 per barrel. Surely several analysts would advise him to “never say never,” but the prince also spoke about allegations that Saudi Arabia is deliberately forcing down oil prices in order to hurt Russia.[read more]

Energy Quote of the Day: '...Reassured about Health of the Custodian of the Two Holy Mosques'

January 10, 2015 by Jared Anderson

Leadership Stability in Saudi Arabia

A recent morning began with rumors that Saudi King Abdullah bin Abdulaziz Al Saud had died, though it quickly became clear this was not the case. However, King Abdullah has been in poor health for years and is currently hospitalized undergoing treatment for pneumonia.[read more]

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Everything Has Changed: Oil, Saudi Arabia, and the End of OPEC

January 10, 2015 by Elias Hinckley
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Saudi Arabian oil fields/shutterstock

Saudi Arabia just refused to cut production to arrest tumbling oil prices. In effect, the owner of the most valuable fossil fuel reserve on Earth just started discounting for a future without them. While they would never state this reasoning publicly, their actions speak on their behalf. And that changes everything.[read more]

Reading the Tea Leaves of the Saudi 2015 Budget

December 30, 2014 by Amy Myers Jaffe
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Saudi Arabia and the Future of Fuel

Traders might be tempted to focus on the fact that Saudi Arabia’s 2015 annual budget would need an average of $80 oil for the year to balance its books as a sign that the kingdom thinks prices will rebound soon. But the kingdom has historically missed the mark between budget making and actual oil prices.[read more]

Energy Quote of the Day: On Approaching an Oil Price Floor

December 24, 2014 by Jared Anderson

Oil Price Collapse

It appears the largest oil price decline since the 2008 economic and financial crises could be reaching a bottom. Maybe. Benchmark global oil futures prices rebounded recently partially due to comments made by Saudi oil minister Ali al-Naimi that appear to have, at least temporarily, calmed the market.[read more]

OPEC Meeting and The Price of Oil: Russia's Biggest Worry and Saudi Arabia's 'Tour de France' Strategy

December 2, 2014 by Roman Kilisek
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Oil, OPEC, Russia, and Saudi Arabia

Russian officials already in the unenviable position of dealing with the impact of Western sanctions on their national economy as reflected in a tumbling ruble – in spite of continuous Central Bank interventions – and capital outflows, now face the possibility of a recession looming in 2015.[read more]

Saudi Oil Export Concerns Detailed; Renewable Energy Opportunities Identified

November 10, 2014 by Jared Anderson

Saudi Oil Exports and Renewables Opportunities

Increasing domestic Saudi Arabian energy demand bumping up against volumes of oil available for export is an issue we have followed closely, and a new report from the International Energy Agency provides some updated detail on how the kingdom is addressing its energy dilemma.[read more]

Saudi Arabia Still Calling the Shots

October 16, 2014 by Robert Rapier
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Saudi Arabia and Fuel Sources

There have been a lot of stories over the past few years about the implications of the US shale boom. To review for those who might have been living in a cave for the past 5 years, the marriage of horizontal drilling and fracking has reversed 40 years of declining US oil production and created a shale oil and gas boom.[read more]

Future Energy Fellows post

Eye on the Prize: Solar Market Potential in Saudi Arabia

September 28, 2014 by Tanya Malik
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When 13 MW of renewable capacity is installed in the United States, understandably, no one bats an eyelash. When 13 MW of renewable capacity is installed in the Gulf, there’s a multimillion-dollar inauguration party, in true Gulf opulence.[read more]

Energy Quote of the Day: Saudi Aramco Putting $40B of Its 'Money Where Its Mouth Is'

September 13, 2014 by Jared Anderson
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Saudi Energy Investment

Saudi Arabia’s state-owned oil company plans to invest $40 billion over the next decade to maintain oil production capacity at 12 million barrels per day, while doubling natural gas output. They face a dilemma with much of its associated gas already being consumed by the oil sector for enhanced recovery.[read more]