Is Saudi Arabia in trouble? (part 2)Should we be worried about Saudi Arabia? With dissent at the doorstep of the world’s largest oil producer, the Kingdom may be rich but it still has the same problems as its…
Iraq says proven oil reserves trump Iran'sIraq has announced a 24 percent leap in its proven oil reserves to 143 billion barrels, meaning the country trails only Saudi Arabia and Venezuela in terms of known resources.
Opec members refuse to change 'balanced' oil production targetKey OPEC member states say the organisation does not need to respond to increasing oil demand by raising its official output target, claiming current oil production levels are…