Saudi Arabia

Aerial view of industrial plant with large smokestacks, surrounded by smoke with sunset sky in background.

COP28: Will Developed Nations Reduce Emissions?

Tensions between developed and developing nations surfaced over emissions and energy, with the former focused on reducing fossil fuels and the latter pointing to unrealized emissions reductions from the nations most responsible for global warming.

December 6, 2023 - The Wall Street Journal

Aerial view of cylindrical silver oil tanks

Use or Misuse of the Strategic Petroleum Reserve?

Rising gasoline prices prompted President Biden to announce on October 19 that he was authorizing the release of 15 million barrels of crude oil from the nation's Strategic Petroleum Reserve.

November 3, 2022 - The Washington Post

Close-up of multicolored gas station pumps

OPEC Plus Decision to Reduce Oil Output Could Lead to Global Recession

A decision earlier this month by a group of the world's largest oil exporters to drastically reduce oil production to stem the decline in oil prices could be a ‘tipping point’ for a global recession, says the International Energy Agency.

October 19, 2022 - The Hill

Fracking

Pumping More Oil to Lower Gas Prices

Proponents of increased oil drilling in the U.S. to replace banned Russian oil argue that it will decrease prices at the pump. A Texas reporter examined the claim with a University of Texas energy analyst. If only it was that simple.

March 14, 2022 - KXAN

Dammam, Saudi Arabia

Saudi Arabia Promises 'Net Zero' Greenhouse Gas Emissions by 2060

Cue a grain of salt.

October 26, 2021 - The Washington Post

Oil and Gas Extraction

Biden Administration's Energy Hypocrisy Exposed

World Oil, an energy publication, slightly annotated a Bloomberg News article to expose the hypocrisy of the Biden administration: curtailing oil production at home while pushing to increase it abroad.

July 15, 2021 - Bloomberg Quint

Oil Rig

Just What the World Needs: $20 Per Barrel Oil

Oil prices crashed Monday due to a disagreement between two of the world's largest oil producers, Saudi Arabia and Russia, amidst a slump in oil demand due to the outbreak of the coronavirus pandemic. Oil will flood the market as demand drops.

March 10, 2020 - The Washington Post

Dammam, Saudi Arabia

Starchitecture Comes to Saudi Arabia

Designed by Norwegian firm Snøhetta, the King Abdulaziz Center for World Culture in Dammam, Saudi Arabia, promises to spread knowledge and promote understanding against the backdrop of the kingdom's dismal record on human rights.

March 30, 2019 - Architect Magazine

Climate Change Conference

Implementing the Paris Climate Agreement in Katowice, Poland

Representatives from nearly 200 nations have been attending the U.N. Climate Change Conference in Katowice since Dec. 2 to work on implementing the 2015 Paris climate agreement. Scheduled to end Friday, it will be extended two days due to discord.

December 17, 2018 - The Independent

Oil Rigs

Global Reverberations from EPA Rollback of Fuel Economy Standards

Relaxed U.S. fuel economy standards, as Environmental Protection Administration chief Scott Pruitt announced on April 2, would have effects extending far beyond the United States.

April 27, 2018 - The New York Times

pallets of green oil barrels stacked

U.S. on Track to Record Oil Production This Year

The current U.S. record is 10 million barrels per day set in 1970. Last year averaged 9.2 million b/d. Experts believe that record will be reached this spring, if it hasn't already. Can Trump claim credit for the surging production?

January 6, 2018 - NPR

Riyadh, Saudi Arabia

Saudi Arabia Plans New Mega City on the Red Sea

The announcement by Saudi Crown Prince Mohammed bin Salman to create the mega-city of NEOM would offer a Dubai-like 'free-zone' city.

November 3, 2017 - Bloomberg

King Abdullah Financial District in Riyadh

'Economic Cities,' Saudi Arabia's Mega Projects

Saudi Arabia's government has made huge investments in the hopes of building new cities and districts to attract investment and tourism, despite past failures.

August 21, 2017 - Bloomberg

Donald Trump

Trump Looks to Saudis to Help Finance Infrastructure Plan

President Trump will take his first trip abroad on Friday to Saudi Arabia, where he hopes to secure a $40 billion investment for his $1 trillion infrastructure plan. At home, Trump's plan was rebuffed by Texas legislators.

May 16, 2017 - Bloomberg Politics

U.S. Gasoline Consumption Up, Oil Production Down

Gas prices are on the rise, though they will remain well below 2014 levels through this year. U.S. oil production dropped by 600,000 barrels from last year, while gas consumption is on track to break the 2007 record thanks to cheap gas and more SUVs.

March 28, 2016 - The New York Times

How Low Will Oil Prices Go?

Oil prices are now at a 12-year low. Prices have been very consistent this year: they have dropped every day. As they slide to going below $30 a barrel, service stations could be selling gasoline at $1 per gallon, a price not seen since 1999.

January 14, 2016 - The New York Times

Saudi Arabia Reducing Gasoline Subsidies to Cope with Budget Deficit

The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.

December 30, 2015 - AFP

Where Have All the Oil Trains in California Gone?

While many California were protesting oil trains carrying the hazardous Bakken crude, a funny thing happened—they stopped coming. While protests may have delayed the construction of new oil terminals, economics is at the root of the slowdown.

March 13, 2015 - The Sacramento Bee

OPEC Sees U.S. Motorists as Their Ally

An IEA report suggests that oil prices have bottomed-out, are now on the rebound, and that demand for OPEC's oil will start rising next year. OPEC predicts that U.S. oil consumption will increase after years of decline, thanks to U.S. motorists.

February 12, 2015 - OPEC Says U.S. Motorists

Seizing the Moment: Nations Slash Energy Subsidies as Oil Prices Fall

Just as plummeting oil prices have caused state and federal political leaders to consider raising gas taxes, leaders in developing nations, both oil producers and consumers, are considering reductions in national energy subsidies.

February 5, 2015 - The New York Times

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