Tag Archives: Saudi Arabia

Germany’s G-20 Presidency May Prevent Backsliding on Climate Actions

The ECOreport reposts an OP-ED about Germany’s G-20 Presidency May Prevent Backsliding on Climate Actions

Originally published on Center for American Progress

By Gwynne Taraska, Pete Ogden, Nancy Alexander, and Howard Marano

This column previews a forthcoming report from the Center for American Progress and Heinrich-Böll-Stiftung North America.

To date, 17 countries of the G-20—which account for 67 percent of global greenhouse gas pollution—have officially joined the Paris Agreement, bringing it into effect far sooner than anyone expected. If these countries follow through with their commitments to reduce emissions, it will represent unprecedented progress in the global effort to curb climate change.

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Saudi Arabia Plots Life After Oil

The ECOreport reposts Saudi Arabia plots life after oil

Originally Published on Greenpeace Energydesk

by Joe Sandler Clarke

Saudi Arabia yesterday approved a 15 year plan aimed at restructuring the Kingdom’s economy to make it less dependent on oil. Saudi Arabia plots life after oil.

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Saudi Arabia’s Inroads into The European Market

Russia has been selling 70% of its’ oil to Europe, but now faces stiff competition. Saudi Arabia’s Inroads into The European Market

Originally Published on Oilprice.com

By Nick Cunningham

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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What Do Countries Need From Paris?

The last first in a series in which Ruth Davis, senior associate at E3G, explains what is behind the upcoming COP 21. What do countries need from Paris?

Originally Published on Greenpeace Energydesk

By Ruth Davis

It’s a very brave or foolish analyst who thinks they can guess the ‘red lines’ of countries going into a negotiation as complex as Paris. But here’s a stab at what might be on their minds (in the spirit of a World Cup preview and in the interests of fairness, I have listed blocs and countries in alphabetical order):

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What Are OPEC’s Choices?

The policies that many blame for the collapse of oil prices, may be reviewed when OPEC meets in December. Will it hold to the course set by Saudi Arabia? Or will other member states force a change? What are OPEC’s choices?

Originally Published on Oilprice.com

By Dalan McEndree

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil.

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Is the Saudi Strategy Brilliant or Suicidal?

As oil prices fall, the Saudis ramped up production to increase revenues & gain a larger market share. Is the Saudi Strategy Brilliant or Suicidal?

Originally Published on OilPrice.com

By Dalan McEndree

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices.

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Are Oil Prices Reaching The Bottom?

As the price of oil continues to decline, they forcing companies to cut back & will eventually put a floor on prices. Are Oil Prices Reaching the Bottom?

Originally Published on Oilprce.com

By Nick Cunningham

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory.

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Saudi Arabia Continues To Turn Screws On U.S. Shale

Taking Away Market Share As It Ratches Up Production

Originally Published on Oilprice.com

By James Stafford

According to OPEC’s latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month’s total of 10.29 million barrels. That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades. Saudi Arabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others.

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Nations Really Do Go To War Over Oil

Are crude conspiracies right?

Originally Published on the Conversation

By Vincenzo Bove & Petros Sekeris

The “thirst for oil” is often put forward as a near self-evident explanation behind military interventions in Libya, for instance, or Sudan. Oil, or the lack of oil, is also said to be behind the absence of intervention in Syria now and in Rwanda in 1994.

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