Saudi Arabia’s short-term geopolitics is behind the fall in oil prices, and it’s not sustainable.
Saudi Arabia’s short-term geopolitics is behind the fall in oil prices, and it’s not sustainable.
Rig counts are starting to drop, but due to the long lead time for most oil projects, it could be a while before production begins to decline in a significant way.
What makes IS powerful today is the fact that they laid out their military strategy based on where oil fields are located.
Saudi exports have likely run below 7 million barrels per day for the last four months — their lowest level since September 2011.
Saudi Arabia’s $530 billion stock market is the biggest one in the Middle East and as of today, international investors have a strong reason to bet on it.
Farmland acquisitions abroad are occurring on a scale and at a pace not seen before and represent a new stage in the emerging geopolitics of food scarcity.
With the country in a situation still deeply precarious, the infusion of funds won’t be enough: it’s an unsustainable remedy for long-lasting structural problems.
If OPEC is eventually forced to trim its oil exports in response to the shale boom, Saudi Arabia will have to shoulder most of the production cuts.
“A surge in North American oil production will be as transformative to the market over the next five years as was the rise of Chinese demand over the last 15,” the IEA says.
From the U.S. to Saudi Arabia, ending fossil fuel related subsidies could help cut government deficits, reduce climate change and improve social equality.