by Asharq Al-Awsat | Dec 3, 2013 | Business
Vienna, Bloomberg—Energy ministers from Iraq, Kuwait, Angola and Algeria expect OPEC to keep its crude production target unchanged Wednesday after Saudi Oil Minister Ali Al-Naimi said the market is “in equilibrium.” The market is “balanced,”...
by Asharq Al-Awsat | Oct 14, 2013 | Business
Daegu, Reuters—OPEC heavyweight Saudi Arabia is preparing to be among the first countries outside North America to use shale gas for power generation and thereby save more of its crude oil for lucrative exports. Inspired by a shale gas boom in the United States, which...
by Andrés Cala | Mar 30, 2013 | Business
Saudi Arabia’s plans to explore its vast shale gas reserves—potentially the fifth largest in the world—will take years. The success of this project will depend on the economic feasibility, especially in regards to limited water supplies that would require a robust...
