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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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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. Prices rebounded to $60 for a few months, before falling once again below $50.

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Syrian oil ministry announces oil shale tender

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A more vigorous investigation on oil shale began in 1980, but was stopped in 1985 due to the decrease in oil prices. Oil production has stabilized after falling for a number of years, and is poised to turn around as new fields come on line, according to EIA. According to The Oil and Gas Journal , Syria had 2.5

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