Posts Tagged ‘Saudi Arabia’

BOOM — U.S. may soon become world’s top oil producer; no translation to pump soon

by Ross Reily Published: October 23,2012

Tags: gulf of mexico, IHS CERA, Jim Burkhard, Mississippi, Mississippi Business Journal, Oil, Philip Verleger, Royal Dutch Shell, Russia, Saudi Arabia, United States, Wood Mackenzie

NEW YORK — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer. Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million [...] [...]

US-Saudi arms deal ripples from Iran to Israel

by Associated Press Published: October 21,2010

Tags: arms deal, Israel, Saudi Arabia

DUBAI, United Arab Emirates — As American and Saudi officials spent months quietly hammering out a wish list for a mammoth sale of American warplanes and other weapons to the oil-rich kingdom, leaders in Iran were busy publicly displaying their advances in missiles, naval craft and air power. In one memorable bit of political theater, [...] [...]

Saudis worried over global oil demand

by Associated Press Published: February 15,2010

Tags: demand, energy, gasoline, Middle East, Oil, petroleum, Saudi Arabia, supply, supply and demand

JEDDAH, Saudi Arabia — A top Saudi energy official expressed serious concern today that world oil demand could peak in the next decade and said his country was preparing for that eventuality by diversifying its economic base. Mohammed al-Sabban, lead climate talks negotiator, said the country with the world’s largest proven reserves of conventional crude [...] [...]

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