Saudi Arabia
Saudi Arabia Articles
ThinkstockFor some reason, analysts and traders seemed to think that Saudi Arabia did not mean what it said when it announced in October that the country didn’t care if the price of crude fell to...
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ThinkstockPrices for WTI crude have risen above $94 a barrel for the first time in nearly four months today, reaching a high point of $94.70 a barrel on the Nymex. Brent prices have also risen to...
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The world’s largest producer of crude oil and its largest exporter of crude could become a net importer of crude in the next 20 years according to an analyst at Citigroup Inc. (NYSE: C). Saudi...
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Although the tensions between Iran and the US and Europe have relaxed somewhat in the past couple of months, not everyone is taking for granted that a long-term solution to the Iranian development of...
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The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about...
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Analysts at Goldman Sachs have noted that Saudi Arabia has increased its crude oil inventories by 34.5 million barrels in the three-month period from December 2011 to February 2012. Goldman views the...
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For the past week, the day rates for very-large crude carriers (VLCCs) has been rising to where $40,000/day is the going rate. The reason for the spike is that the Kingdom of Saudi Arabia has hired...
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Policy stories have piled up today in alternative energy and energy, led off by a response from the Republican Party to President Obama’s energy speech. The GOP has introduced a bill in the US...
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Muammar Muhammad al-Gaddafi might have been better off to use the billions of dollars he has hidden around Libya to bribe his opposition than to wage war on his countrymen. He does use the money for...
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Many analysts have pointed out that the political instability in the Middle East is the result of the lack of jobs and affordable food. Choosing democracy as a form of government may be equally...
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The book bans of fifty years ago which included “Catcher In The Rye” are distant memories. But censorship is not over. The Wall Street Journal has been banned in Singapore within the last five...
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Reuters: Economists have cut forecasts and look to the Federal Reserve to take action. Reuters: BP Plc (NYSE: BP) will try the final stage of killing its leaking well and has begun to fund...
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The US and Canadian governments and Blackberry maker Research In Motion (NASDAQ: RIMM) are on a crusade to make certain that the device and its service are not restricted in parts of the Middle East....
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