Saudi Arabia wants it all: to salvage OPEC, achieve income diversification and industrialization, and preserve its market share in crude oil, petroleum products, petrochemicals, and natural gas liquids (NGLs). Whether the Saudis succeed will be determined largely by the shale-energy industry in the United States.
China’s great energy pause
could have big impact on global oil and gas - or not
As the world’s fossil fuel producers geared up to meet energy-thirsty China’s needs, the Asian giant’s economy revealed a disturbing pattern last year: Coal demand fell for the first time this century, while crude oil slowed to its lowest level in a decade. Chinese demand for natural gas demand grew, but below expectations.
Norway's sovereign wealth fund holds lessons for Canada
In Stavanger, a quaint, seaside city on Norway’s coast, a local newspaper publishes a series called "The Oil Kids" that reports on the lifestyles of wealthy second-generation beneficiaries of Norway’s offshore oil riches.
“If you compare to our parents or grandparents which built this country, I think we’re a little bit spoiled," admits Bjorn Knudsen, whose father worked for a large North Sea oil company.
Why bombing the 39th biggest oil producer is roiling the markets
While Yemen contributes less than 0.2 percent of global oil output, its location puts it near the centre of world energy trade.
The nation shares a border with Saudi Arabia, the world’s biggest crude exporter, and sits on one side of a shipping chokepoint used by crude tankers heading West from the Persian Gulf. Global oil prices jumped more than 5 percent on Thursday after regional powers began bombing rebel targets in the country that produced less than Denmark in 2013.