Thanks to its generous public spending and a costly war against Yemen, one of the major worries for Saudi Arabia is that it is burning through its foreign reserves at an alarming pace

The Saudi Oil Price War Is Backfiring

By Oilprice.com Gaurav Agnihotri —— Bio and Archives--August 12, 2015

Global Warming-Energy-Environment | Comments | Back To Full Article

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.

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