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Opinion: The Saudi Oil Price War Is Backfiring

Green Car Congress

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. by Gaurav Agnihotri of Oilprice.com. Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

First LNG will be delivered in 2015. The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. million tons per year. Total is a leading producer in the LNG sector, with positions along the LNG chain.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In December 2014, the Saudi government approved spending $229 billion in 2015, resulting in an estimated deficit of $39 billion, or some 5 percent of GDP. As mid-year 2015 approached, the IMF estimated the budget deficit would equal approximately 20 percent of Saudi GDP. percent in 2015, and then just 2.7 percent in 2014 to 3.3