Saudi’s Aramco IPO Goes From Bad To Worse With New Middle East War Starting

Credit to Author: Paul Fosse| Date: Sun, 05 Jan 2020 01:36:13 +0000

The Saudi government sold off a small 1.5% share of the largest oil company in the world (Aramco) about a month ago. Aramco has huge reserves and it has proven it can produce that oil at a low cost. This oil doesn’t require risky deep sea platforms, fracking, or traveling to the Arctic circle to drill

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Solar Projects Show Rapid Growth in Middle East

Credit to Author: POWER| Date: Fri, 01 Nov 2019 05:01:57 +0000

The post Solar Projects Show Rapid Growth in Middle East appeared first on POWER Magazine.

Solar power continues to make inroads in the Middle East and North Africa (MENA), and other parts of the Persian Gulf region. The Middle East Solar Industry Association (MESIA) in late September said it

The post Solar Projects Show Rapid Growth in Middle East appeared first on POWER Magazine.

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Saudi Crown Prince Warns Of Threat To Global Oil Supply

Credit to Author: Johnna Crider| Date: Mon, 30 Sep 2019 22:20:19 +0000

Saudi Arabia’s Crown Prince Mohammed bin Salman has told the BBC that if a war was to break out between Iran and Saudi Arabia, oil prices could rise up to “unimaginably high numbers.” He says this is possible if the world doesn’t try to deter Iran, and that more escalation will threaten the world’s interests. “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes.”

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