Last May, the Saudi minister of energy warned that “the world is running out of energy capacity at all levels.” More recently, in a chat with U.S. President Joe Biden, French President Emmanuel Macron reportedly […]
Dubai, 16 July (Argus) — An “unrealistic” energy transition strategy that excludes hydrocarbons could fuel a surge in inflation and energy costs, Saudi Crown Prince Mohammed bin Salman warned today. “Adopting unrealistic policies to reduce […]
(Bloomberg) — President Joe Biden will leave the Middle East this week with no announcements on increasing oil supply before a scheduled meeting of producers next month, people familiar with the matter said. Biden, who […]
Oil traders are selling oil again as concern about the course of the global economy deepens, taking the upper hand over supply fears. Brent crude has lost more than $20 per barrel over the past month, […]
Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia this week, it may do little to drive down the high fuel prices roiling the global economy. The U.S. president’s […]
For years, Saudi Arabia has made some pretty hefty claims about its oil potential. It is becoming increasingly clear, however, that the Kingdom may be stretching the truth a little too far. Analysts are now […]
President Joe Biden is heading to Saudi Arabia to talk about the global energy crisis. Despite saying that his upcoming visit is not about oil, Biden does acknowledge that he would like for the Gulf […]
Following the publication of BP’s annual Statistical Review, each year Rystad Energy releases our own analysis of the global energy landscape to provide an independent, data-based comparison and evaluation. Continuing the trend from previous years, […]
Macron: Saudi Arabia and UAE are nearing the limits of their production capacity. Saudi Arabia’s production quota was raised 114,000 bpd in June and will be raised another 170,000 bpd in July. News about shrinking […]
Saudi Arabia and the UAE have starring roles to play in the oil market this summer, as the only producers in the world holding any significant spare output capacity. But much of it is from […]
Copyright © 2025 | Sandstone Group