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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Norway and Saudi Arabia followed closely. It has been reported that these countries are importing Russian oil on the cheap and re-exporting it to the EU as jet fuel and diesel on the global market. But far from ditching oil, demand is simply being sourced from different suppliers.

Oil 370
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Oil is cheap, so Kuwait raised its own gas price to compensate

Green Car Reports

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. In some cases, that means cutting back on cheap gas for their own citizens. DON'T MISS: Even Saudi Arabia vows to end its.

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Saudis Expand Price War Downstream

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In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will Saudi Arabia Capture Market Share Downstream? In case of Saudi Arabia, the price of crude oil would be extremely low.

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

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In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Policymakers hope higher energy prices can produce a number of helpful effects, the authors said.

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Opinion: How Much Longer Can OPEC Hold Out?

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Cheap oil has created a huge financial crisis for Venezuela as its economy is heavily dependent on oil exports and oil revenues constitute about 95% of its total foreign exchange earnings. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC. Iraq’s Issues. The OPEC “heavyweights”.

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Opinion: Here’s what will send oil prices back up again

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Any increase in price would be hastened by a decision from OPEC and Saudi Arabia in particular, to reduce production. Their attitude seems to be that the oversupply was not their doing, and as their oil is cheap to produce, they can sit back and watch those who did cause the problem, most notably the upstart American companies, suffer.