Green Car Congress

AUGUST 12, 2015

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. Even when we look at the refining sector, we see that the oil kingdom has been following a similar strategy of flooding the markets with refined fuel.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

JANUARY 13, 2012

First LNG will be delivered in 2015. Total is active in most of the major LNG producing regions as well as main LNG markets and continues to develop LNG as a key component of its growth strategy. The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia.

Australia 210

Australia United Arab Emirates Yemen Angola 210

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Financial Times quoted analysts as estimating the Saudi budget deficit in 2015 at $130 billion.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150