Rolling back energy subsidies is one of the most vexing problems energy export-revenue-dependent countries face. The problems starts innocently enough when countries discovery vast natural resource deposits and begin profiting substantially from their development. In developing economies, it has been common practice everywhere from Venezuela to Nigeria to the Middle East to supply the population… Keep reading →
Most people associate Saudi Arabia with oil, but natural gas supply is one of the most important issues in the Kingdom today. If the Saudis want to remain one of the world’s largest oil exporters, they need to simultaneously address the challenges associated with subsidized domestic energy prices, their internal energy consumption rate and domestic non-associated natural gas development.
“The Kingdom is in desperate need of rolling back the world’s second-largest portfolio of energy subsidies, which are driving domestic demand for its chief export commodity, crude oil,” Jim Krane, Gulf energy analyst at Cambridge University’s Judge Business School told Breaking Energy in an email. Keep reading →
