World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
The End of the Saudi Oil Reserve Margin
Keywords:
Jim Krane of the Judge Business School at Cambridge University, points to an important development- the increasing consumption of oil in Saudi Arabia that is shrinking its ability to be a reserve supplier in the Middle East when a Iraq, a Kuwait or a Libya's oil supplies are cutoff. Saudi population and industry is growing and is using up a quarter of its oil production. Consumption is at 3 million barrels a day, more than the oil consumed in Germany, and is growing at 10% a year. Use of oil is subsidized by the government and with social spending up in Arab countries a cut in subsidies is not expected anytime soon. Projections by Jadwa Investment of Riyadh show that the reserve margin will disappear by 2020. By 2038 Chatham House in London predicts Saudi Arabia will become an importer of oil. This is important because America's sanctions against oil imports from Iran require the Saudis to step up and act as the reserve supplier. This happened with Libya, and 1.5 million barrels a day were cutoff after the revolution. Iran exports 2.2 million barrels a day. This will keep supplies tight and keep pressure on oil prices in 2012-2013.
Saudi Arabia's shrinking oil reserve margin in 2012-2014 and the impact on oil prices
04/19/2011
The Saudi oil reserve margin is expected to diminish to zero by 2020, as Saudi domestic oil consumption is increasing by 10% each year. Already Saudi domestic consumption takes up 25% of Saudi production.
Grouped Articles
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal 07/04/2015
The End of the Saudi Oil Reserve Margin
Wall Street Journal 04/03/2012
Wall Street Journal 04/13/2012
Saudi Oil Output Seen at Record Pace
Wall Street Journal 07/31/2012
Demand Outlook Places Lid on Oil
Wall Street Journal 08/12/2012
Oil prices in 2012 expected to be above $100 with higher social spending by Arab countries and threats by Iran
04/19/2011
Forecasts in Dec. 2011 show oil prices remaining above $100 a barrel in 2012. The threat of Iranian retaliation for increased sanctions in the Straits of Hormuz have embedded a $10-$20 premium in oil prices say some experts. Saudia Arabia and other oil states have increased social spending after the democracy protests in the Arab world, and would like to see higher prices to support this spending.
Grouped Articles
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Wall Street Journal 12/05/2011
Oil Prices Predicted to Remain Above $100 a Barrel Next Year
New York Times 12/28/2011
Iran's Economy Can Take the Pressure-;for Now
BusinessWeek 11/30/2011
Saudi Arabia and oil prices- 2011-2018
02/04/2006
Grouped Articles
Oil Prices Continue Decline, Pressured by Saudi Action to Defend Market Share
New York Times 10/02/2014
OPEC Members’ Discord Adds to Slide in Oil Prices
Wall Street Journal 10/04/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Saudi social spending in 2011-2012
04/10/2007
Grouped Articles
As the Middle East Burns, the Saudis Ease Up at Home
Wall Street Journal 06/25/2014
Host of Conflicting Forces Has Saudis on a Tightrope
Wall Street Journal 04/10/2007
In Saudi Arabia, Royal Funds Buy Peace, for Now
New York Times 06/08/2011
Rising Saudi Thirst for Oil Drives Plans to Go Nuclear
Wall Street Journal 06/23/2011
The End of the Saudi Oil Reserve Margin
Wall Street Journal 04/03/2012
Crude Awakening Awaits if OPEC Cuts Output
Wall Street Journal 06/11/2012
Oil price increases in 2011-2012 and economic growth in the U.S. and Europe
03/01/2011
The impact of increases in oil prices on economic growth following the democracy protests in the Middle East.
Grouped Articles
Oil's Rise Threatens Economic Growth
Wall Street Journal 03/01/2011
U.S. Better Prepared for Surging Gas Prices
New York Times 03/08/2011
Oil and the economy: The 2011 oil shock
Economist 03/05/2011
Oil markets and Arab unrest: The price of fear
Economist 03/05/2011
Oil Traders See Lasting Mideast Instability
BusinessWeek 04/07/2011
OPEC Nations Face a Balancing Act
Wall Street Journal 04/19/2011
OPEC supply, oil demand and oil prices 2011-2013
04/26/2006
Grouped Articles
OPEC Rift Emerging Over Iraq Output, Possible Return of Iran
Wall Street Journal 11/30/2013
OPEC Keeps Lid on Oil Production Targets
New York Times 06/08/2011
OPECâs Power Over Oil Prices Has Its Limits
New York Times 06/06/2011
Oil Minister Asserts Iran Won't Cut Exports Despite Nuclear Standoff
Wall Street Journal 04/26/2006
Wall Street Journal 06/09/2011
Political Tensions in the Middle East Appear to Undercut Saudis' Role
Wall Street Journal 06/09/2011
The impact of a potential embargo on Iranian oil on supplies and oil prices
12/05/2011
Grouped Articles
Iran, unable to sell oil, stores it on tankers - The Washington Post
Washington Post 05/14/2012
Iran’s Discount Deal for Global Oil
Wall Street Journal 07/14/2015
Wall Street Journal 12/05/2011
Iran Threatens to Block Oil in Reply to Sanctions
New York Times 12/27/2011
Europeans Plan Oil Embargo on Iran
Wall Street Journal 01/05/2012
Wall Street Journal 01/06/2012
Iran's relations with Saudi Arabia and other countries in the Middle East
12/15/2011
Grouped Articles
Prince Alwaleed bin Talal: An Ally Frets About American Retreat
Wall Street Journal 11/22/2013
U.S. and Saudis in Growing Rift as Power Shifts
New York Times 11/25/2013
Gulf States and Qatar Gloss Over Differences, but Split Still Hampers Them
New York Times 12/20/2014
Saudi Arabia Promises to Match Iran in Nuclear Capability
New York Times 05/13/2015
WikiLeaks Shows a Saudi Obsession With Iran
New York Times 07/16/2015
Iranian Protesters Ransack Saudi Embassy After Execution of Shiite Cleric
New York Times 01/02/2016
OPEC and Saudi Arabia
02/04/2006
Grouped Articles
OPEC’s Pricing Leverage Is Weakening
Wall Street Journal 06/01/2015
How OPEC lost control of the oil market - The Washington Post
Washington Post 04/15/2016
OPEC Chief Shrugs Off Oil Politics
New York Times 02/04/2006
OPECâs Power Over Oil Prices Has Its Limits
New York Times 06/06/2011
Oil Minister Asserts Iran Won't Cut Exports Despite Nuclear Standoff
Wall Street Journal 04/26/2006
Wall Street Journal 06/09/2011
Saudi Arabia's growing oil consumption
06/23/2011
Population growth, wasteful use of energy, and large projects are rapidly increasing oil consumption in Saudi Arabia. This reduces the oil available for export.
Grouped Articles
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal 07/04/2015
Rising Saudi Thirst for Oil Drives Plans to Go Nuclear
Wall Street Journal 06/23/2011
The End of the Saudi Oil Reserve Margin
Wall Street Journal 04/03/2012
Saudi Oil Output Seen at Record Pace
Wall Street Journal 07/31/2012
Social unrest in the Middle East and the price of oil
02/28/2006
The impact of larger social spending in Saudi Arabia and other Arab countries on the price of oil.
Grouped Articles
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Saudi Arabia’s Succession Line Is Set, but the Nation’s Path Remains Uncertain
New York Times 01/23/2015
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest
New York Times 08/24/2015
Wall Street Journal 04/18/2011
Americans Are Cautiously Open to Gas Tax Rise, Poll Shows
New York Times 02/28/2006
OPEC social spending and oil price- 2011-2012
02/04/2006
Grouped Articles
OPEC Chief Shrugs Off Oil Politics
New York Times 02/04/2006
Oil Minister Asserts Iran Won't Cut Exports Despite Nuclear Standoff
Wall Street Journal 04/26/2006
Wall Street Journal 06/09/2011
Political Tensions in the Middle East Appear to Undercut Saudis' Role
Wall Street Journal 06/09/2011
Wall Street Journal 08/18/2011
The High Cost of Keeping Arab Peace
BusinessWeek 09/29/2011
The impact of sanctions and the conflict with Iran on oil prices- 2012-2014
03/20/2012
Grouped Articles
OPEC, Foreseeing No Glut, Keeps Oil Production Level Steady
New York Times 12/04/2013
Sanctions Eased, Iran Gets Feelers From Old Trading Partners
New York Times 01/17/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
U.S. Exempts Japan and 10 Others From Iran Oil Sanctions
New York Times 03/20/2012
Obama Clears Way for Measures Against Iran
New York Times 03/30/2012
Assessing Iran, but Thinking About Iraq
New York Times 03/31/2012
The prospects of oil price increases in second half 2012 with an Iranian cutoff and diminishing Saudi reserve supplies
03/18/2012
Linked Articles
Fears of a 2008 Repeat for Oil
Wall Street Journal 03/18/2012
The End of the Saudi Oil Reserve Margin
Wall Street Journal 04/03/2012
Increasing domestic consumption in Saudi Arabia will diminish reserve supplies and put pressure on oil prices in 2012-2013
06/23/2011
Saudi domestic consumption increasing at 10% a year will diminsh the Saudi role as a reserve supplier. Estimates are for zero reserve supplies by 2020 and oil imports by 2038, so large is the effect of growing use of oil at home. The Arab Spring means subsidies and social spending will increase, supporting continuing use of oil at current levels for a rapidly growing population.
Linked Articles
The End of the Saudi Oil Reserve Margin
Wall Street Journal 04/03/2012
Rising Saudi Thirst for Oil Drives Plans to Go Nuclear
Wall Street Journal 06/23/2011
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us