Energy

Analysis | Saudi Arabia Energy Profile Update – U.S. EIA
02/12/2013

Analysis | Saudi Arabia Energy Profile Update – U.S. EIA

The EIA’s Country Analysis Brief on Saudi Arabia provides a comprehensive review of the Kingdom’s energy profile including production, processing, and transportation of oil and natural gas as well as a discussion of product pricing and the increasingly important conversation about domestic energy consumption.

Education, Employment and Energy: A Conversation with Amr Khashoggi
01/10/2013

Education, Employment and Energy: A Conversation with Amr Khashoggi

In the SUSRIS “Challenges 2013″ survey Amr Khashoggi added “energy” to the twin challenges of education and employment as the need to connect an ever growing youth “bulge” with jobs, in an economy that has relied on expatriate labor for many years to fulfill work need especially in the private sector. The relationship among these factors was echoed in “Challenges” by Richard Wilson, President of the Saudi-US Trade Group, who talked about education, employment and the economy, “Since they are entwined, success or failure in any one of them impacts the others.” As we said Khashoggi framed the discussion as the “Three ‘E’s” referring to education, employment and energy. We asked him to expand on this construct and fill in the background and context for these challenges. Today we provide for your consideration our exclusive conversation with Amr Khashoggi, exploring the Saudi “Three E’s.”

What Liquid Fuels Top Spot for US Means – EIA
12/23/2012

What Liquid Fuels Top Spot for US Means – EIA

“Energy developments in the United States are profound and their effect will be felt well beyond North America – and the energy sector. The recent rebound in US oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity – with less expensive gas and electricity prices giving industry a competitive edge – and steadily changing the role of North America in global energy trade. By around 2020, the United States is projected to become the largest global oil producer (overtaking Saudi Arabia until the mid-2020s) and starts to see the impact of new fuel-efficiency measures in transport. The result is a continued fall in US oil imports, to the extent that North America becomes a net oil exporter around 2030.

Saudi Arabia and OPEC Revenues
12/23/2012

Saudi Arabia and OPEC Revenues

Based on projections from the U.S. Energy Information Administration’s (EIA) December 2012 Short-Term Energy Outlook (STEO), EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) could earn about $1,052 billion of net oil export revenues in 2012 and about $955 billion in 2013, in nominal terms (unadjusted for inflation). In 2011, EIA estimates that OPEC earned about $1,027 billion in net oil export revenues, a 33-percent increase from 2010. Saudi Arabia earned the largest share of these earnings, $310 billion in 2011, representing approximately 30 percent of total OPEC revenues.

Saudi/US Liquid Fuels Output Trends – EIA
12/23/2012

Saudi/US Liquid Fuels Output Trends – EIA

The Energy Information Administration, the statistical and analytical agency within the U.S. Department of Energy, released an important report on US and Saudi oil production trends and energy relationships in their “This Week in Petroleum” series. The report includes a review of the three functions that drive Saudi oil output: demand fluctuation; non-OPEC production growth; and OPEC production and capacity growth outside of Saudi Arabia. The discussion focuses on the emergence of the United States as the prospective leading global producer.

Global Energy and Climate Change Challenges
12/08/2012

Global Energy and Climate Change Challenges

The Kingdom plans to invest more than $ 100 billion over the next 20 years in strategic solar programs in order to diversify its energy mix. This was stated by Khalid M. Abuleif, adviser to the minister of petroleum and mineral resources and head of the Saudi negotiating team at the 18th session of the Conference of the Parties of the UN Framework Conference for Climate Change (COP18 – UNFCCC), in the Qatari capital Doha. “Work commences on the first major solar farm early next year as a first step toward a long-term renewable energy strategy Saudi Arabia has put in place,” he said.