Saudi Arabia’s vast oil wealth has transformed the lives of its citizens – but it needs to turn off the rampant spending if it wants to balance the books. This Bloomberg QuickTake video explores how the kingdom plans to navigate its post-oil future.
The Treasury Department has released a breakdown of Saudi Arabia’s holdings of U.S. debt, after keeping the figures secret for more than four decades. Watch to learn more.
The oceans generate enough energy for us to give up coal and gas completely, but no one has been able to harness it effectively. Oscillate Power’s Triton is a wave harvester that uses a novel design which may be the key to unlocking the power of the ocean.
Bloomberg Editor-in-Chief John Micklethwait recaps his five hour conversation with Deputy Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud on his plans for the future of the kingdom.
In 90 seconds, Financial Times oil and gas correspondent Anjli Raval explains why Saudi Arabia, the world’s biggest oil exporter, has lost market share in more than half of the most important countries it sold crude to in the past three years.
There are more than one billion cars on the road worldwide today, and only one tenth of one percent of them have a plug. OPEC contends that even in the year 2040, EVs will make up just one percent. But don’t be so sure. By 2020, some electric cars and SUVs will be faster, safer, cheaper, and more convenient than their gasoline counterparts. What if people just stop buying oil? In the first episode of our animated series, Sooner Than You Think, Bloomberg’s Tom Randall does the math on when oil markets might be headed for the big crash.
In this short video Bloomberg explains how the price oil dropped and why it took its time climbing back up again. Watch this video to see a brief history of oil crashes.
The world is flush with debt which could spark the next financial crisis. Meanwhile, proxy wars are coming. Here’s a look at why these two events could lead to mass suicides and dead bodies. And why oil could climb to $100.
All around the world, oil producing countries and companies are reeling from the record plunge in oil prices. Al Jazeera looks at some of the biggest winners and losers so far.
Iranian President Hassan Rouhani has started a shopping tour in Europe just days after the lifting of international sanctions over Iran’s nuclear programme. He wants to let the world know that Iran is back in business. And European companies are lining up for a share in the Iranian market – promising billions of dollars in new deals. But what does the end of Iran sanctions mean for the global economy?
With oil prices plunging to their lowest levels in a decade, a deal between Russia and Saudi Arabia could take two million barrels a day off the market. Less than two years ago, a barrel of oil was over $100. Since then, it has fallen to around $30. That is the business story. But it is also a political story. Watch to learn more.