The continuing watch that comes with stagnant oil prices is usually fixated on Saudi Arabia, given its nearly half-century run of exploiting its geography that allowed trillions of dollars to find their way into government coffers. With no signs of any dramatic shift upward when it comes to oil prices, some alleged experts believe that…
The insatiable desire that China has when it comes to finding countries that will sell the country oil appears to have reached a point whereby Russia has replaced Saudi Arabia as its largest foreign supplier. The information comes from the International Energy Agency, which indicated that the shift came at the end of last year….
Inany area of business, an insidious arrogance about a company’s approach toward maintaining market supremacy. That mentality usually trickles down to the marketing of whatever product is being sold. When it comes to oil, Saudi Arabia and its state-run oil company, Saudi Aramco, have been the world’s leader in supplying customers across the globe. Beginning…
A fraction refers to a portion of a thing and distillation means separation. Through the process of fractional distillation, crude oil is separated into its fractions. In its raw form, crude oil is a viscous, sticky and dark liquid, which is not of much use. To extract real value from crude oil, we have to…
Petroleum is a mixture of several hydrocarbons and chemicals. The composition will vary depending on where the petroleum was found. In fact, you can find out where a certain sample of petroleum came from through chemical analysis. However, there are some characteristic properties that are common to all varieties of petroleum. Common hydrocarbons Four kinds…
The extraction of shale oil (also known as tight oil) is an unconventional process of obtaining synthetic oil and gas. Oil shale is a type of sedimentary rock which is rich in organic content (bituminous stuff called kerogen). The organic content has to be treated to extract shale oil. The oil shale (rock containing the…
The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…
During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….
Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…
