Saudi Arabia

One serious addendum I made to my 2011 outlook had to do with oil and commodity prices. While I am cautiously optimistic, there are a number of potential pitfalls to a rosy scenario. Here's what I said about oil and commodities:…

by Win Thin Saudi Oil Minister Al-Naimi said that crude oil prices between $70-80 per barrel are “appropriate.”  OPEC Secretary-General el-Badri said his group would add oil output in the event of any supply disruptions, pledging…

This comes via the FT: Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by…

Whether you believe that peak oil is here or you believe that it's fantasy, ultimately your opinion rests on whether the Saudis can pump more oil. For years, Saudi Arabia has been the swing oil producer, able to turn on its oil spigots…