Category: saudi arabia oil

Americans Think $1.25 Million Needed to Retire; Saudi Arabia Criticizes US Over Oil Release | NTD Business

Elon Musk visits Twitter. What’s he doing there, and how soon is he expected to close the deal? Americans think they need at least $1.25 million in order to retire comfortably. That’s far more than the amount last year. Why? And how should you prepare? A Saudi prince warns the United States not to misuse its…


Gulf State OPEC Members Sound Alarm About Dwindling Global Energy Capacity

Saudi Arabia and the United Arab Emirates warned on May 10, that their spare energy capacity is decreasing in all energy sectors as key producers reduce investment in fossil fuels, pushing oil,  diesel, and natural gas to trade at near-record highs. Brent oil was trading at around $102 a barrel as of the afternoon of…


Long-Serving Saudi Oil Minister Ahmed Zaki Yamani Dies at 90

DUBAI, United Arab Emirates—Ahmed Zaki Yamani, a long-serving oil minister in Saudi Arabia who led the kingdom through the 1973 oil crisis that shattered the West and once found himself held hostage by the assassin Carlos the Jackal, died Tuesday in London. He was 90. Saudi state television reported his death, without offering a cause….