What does ‘dirty’ mean for Saudi Arabia?

Posted March 06, 2018 09:24:52The Saudi Arabian government has just released its official oil price for March 2018.

The price has been in the neighborhood of $50 per barrel, but it will likely be much lower, according to analysts.

The Saudi government announced on Thursday that the country’s oil production is expected to grow at the rate of 6.2 million barrels per day (bpd) this year and 7.8 million bpd in 2021, compared to the 3.6 million bps it was expecting in 2019.

Thats an increase of more than half a million bp per day.

Saudi Arabia has been working on revamping its energy strategy since the beginning of the year.

It was also working on a price increase that could be considered a positive development for the market. 

In the meantime, Saudi Arabia is expected continue its plan to reduce the countrys reliance on imported oil.

This could lead to a sharp drop in the price of oil as it is currently being sold in the world market.


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