saudi arabia

chinaSaudi Arabia and the Future of China-US Financial Balance of Power

Saudi Arabia controls a 10% of global oil production. They are the world’s biggest oil exporter with sales of $356 billion last year. China is the world’s biggest importer of oil. The annual value of global oil output is currently …

energySaudi Arabia Works with South Korea, China, Argentina on Nuclear Power

Google Earth Satellite images show that Saudi Arabia is within months of completing an experimental nuclear reactor. Saudi Arabia is working with Argentina on the experimental reactors. In March 2015, INVAP (Investigacion Aplicada) from Argentina and state-owned Saudi technology innovation …

energySurging US Oil from Efficient Fracking Is Forcing More OPEC Cuts

Iraq, Kuwait, the United Arab Emirates, Russia and Saudi Arabia will extend an OPEC agreement for oil production cuts for another six months. OPEC recently agreed to a six month 1.2 million barrel per day oil production cut. OPEC is …

energyUnited States is now the largest global crude oil producer

The United States passed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s (Energy Information Administration). EIA expects that U.S. crude oil production will continue to exceed Russian …

citySaudi Arabia trying to build a $2 trillion fund to support diversifying from oil

Saudi Arabia wants its Public Investment Fund (PIF) to control more than $2 trillion by 2030 so that it can be used to support transition from oil. Saudi Arabia wants to diversify its the economy away from oil, under a …

futureSaudi and US support of Israel would make multiple strikes on Iran Nuclear facilities feasible

The Iranian nuclear program is spread across dozens of sites over an area that is bigger than France, Germany and Spain combined and located 1,000 miles away from Israel. Israel could and did use military strikes to take single facilities …

dronesDrone attack Saudi oil facility and Trump threats to Russia boosts oil prices

Yemen’s armed Houthi movement said on Wednesday it had launched a drone strike on a facility belonging to oil giant Saudi Aramco in southern Saudi Arabia – though the company said its plants there were operating “normally and safely”. Saudi …

buildingsSaudi Prince promoting alliance with Egypt, Jordan, UAE, Bahrain and Oman and cooperation with Israel

The Saudi Prince Mohammed bin Salman has made many statements in a recent interview that indicate a solid alliance with Israel and Egypt versus Iran. The Saudi prince said * the Palestinians and the Israelis have the right to have …

energySaudi has $200 billion deal with Softbank for 200 GW of solar by 2030

Saudi Arabia’s crown prince, Mohammed Bin Salman, has signed a memorandum of understanding with Softbank to build 200 GW of solar power by 2030 at a cost of $200 billion. China had built 125 GW of solar power by the …