crude oil

Expect Higher Oil Prices

There are increasing regional tensions in the Middle East, and trouble in oil producing Venezuela. There is also a supply shortage after Russia and the OPEC agreed to cut production. So, oil at US$100 a…

Saudi Arabia’s Oil Purge

With one of the world’s largest petroleum fields and about US$1.2 billion in reserves, the country urgently needs to reduce its reliance on oil. It provides three-quarters of state revenue. The clock is ticking…

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