Tag: Saudi Arabia’s oil

Commercialization, Conventional Fuels, Energy Economics

Energy just fell 4% in a week—here’s the biggest area of weakness, according to one strategist

October 7, 2019

Via: CNBC energy

Talk about losing energy. Now the only S&P 500 sector in the red for 2019, energy has had a difficult week, falling more than 4% as soft economic data reignited fears around slowing global growth and the impact of intercontinental […]

Commercialization, Conventional Fuels

Goldman Sachs says an extended Saudi outage could push Brent crude oil prices above $75

September 16, 2019

Via: CNBC energy

An extended Saudi oil outage could push Brent crude prices north of $75 per barrel as the historic attack on the country’s processing plant disrupts one of the globe’s largest energy supply chains, Goldman Sachs warned clients. Saturday’s attack was […]

Chemical, Conventional Fuels

How Much Oil Does Saudi Arabia Really Have?

February 14, 2019

Via: Forbes

Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. In reality, a lot of this oil is extra-heavy crude oil, and may not be economical to produce at prevailing prices. Thus, some portion […]