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Tag Archives: Saudi Arabia

Shale oil: market correction or longterm direction?

By Jack Weatherly The golden age of hydraulic fracturing began about 10 years ago “as oil and gas producers began to explore the nation’s massive shale formations in earnest,” according to an essay on the American Society of Mechanical Engineers website. Expansion of the technique in subterranean shale formations has pushed the United States toward oil and natural gas self-sufficiency in ...

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US-Saudi arms deal ripples from Iran to Israel

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, Iranian President Mahmoud Ahmadinejad stood ...

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Saudis worried over global oil 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 is working to become the ...

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