• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Saudi Arabia Warns Energy Transition Will Cause Oil-Price Spikes

Dec 13, 2021

Saudi Arabia Warns Energy Transition Will Cause Oil-Price Spikes

Saudi Arabia's finance minister repeated the kingdom's oil ministers' cautions that a worldwide halt in fossil-fuel investment would lead to price spikes.

"We are quite concerned that the world may run out of energy if we do not manage the transition carefully," Mohammed Al-Jadaan remarked. "Maintaining demand is important in Saudi Arabia. We're also concerned that demand is rising, with no alternatives available to fill the void, and we don't want oil prices to rise too high."

Al-Jadaan's remarks, after the government unveiled its budget for 2022, highlight the concern among some big oil producers that Western governments and energy firms are withdrawing too swiftly from fossil fuels.

Last week, the CEO of Saudi Aramco, the state-owned energy company, claimed the energy transition was "chaotic" and that increasing costs may cause "civil unrest." While corporations like Aramco are making significant progress in creating renewable energy sources, he believes it will be decades before they can take over.

According to Saudi Energy Minister Abdulaziz bin Salman, the rise in natural gas, coal, and oil prices this year underlines the need for increased investment in their production.

These viewpoints diverge from what most climate activists believe is required to limit global warming. If the world is to achieve carbon neutrality by 2050, the International Energy Agency, which advises wealthier countries, has urged a halt to new investment in fossil fuels.

According to the International Energy Forum, a Riyadh-based think group, spending on oil and gas projects fell 30% to $309 billion in 2020 and has only barely rebounded this year.

The Persian Gulf countries are among the few that continue to invest billions of dollars in boosting output. Saudi Arabia wants to increase its daily crude production capacity from 12 million to 13 million barrels by 2027.

Subscribe Our Newsletter

Morgan Stanley Hires Two $1.3 million JP Morgan Private Bank Professionals
Morgan Stanley Hires Two $1.3 million JP Morgan Private Bank Professionals

Morgan Stanley is continuing to hire salaried private banking teams to support its wirehouse broker hiring initiatives.

Banks and Finance
Bitcoin Is Back Over $50,000. Cryptos Continue to Climb a Wall of Worry
Bitcoin Is Back Over $50,000. Cryptos Continue to Climb a Wall of Worry

Despite rising market and regulatory concerns, Bitcoin and other cryptos are on the rise. For the first time in a month, Bitcoin has risen beyond $50,000, gaining 4%.

Crypto
Constantine

Top 7 Liquidity Providers of 2022
People and institutions have traded on the Forex market for a long time because of its relation to fiat trading pairs. However, despite cryptocurrency's quick ascent, traders found a whole new spectrum of applications for the digital money they were utilizing.

discover
What Does Providing Liquidity Mean in Crypto?

Oliver

What Does Providing Liquidity Mean in Crypto?

The term "liquidity" is one you hear most when dealing with the crypto market. Liquidity can significantly affect investors' ability to get a fair exchange rate for their cryptocurrency holdings.

Crypto Exchange Business

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png

    Oliver

    How Forex Brokers Make Money? – A-Book vs. B-Book Model

    https://liquidity-provider.com/app/uploads/2022/10/shapka-2-300x203.png

    Oliver

    What is the Ethereum Merge, And How Will it Change Ethereum?

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-300x203.png

    Alexander

    How to Spot Cryptocurrency Scams

    https://liquidity-provider.com/app/uploads/2022/10/shapka-300x203.png

    Milena

    Exploring the Metaverse: What Does It Mean for the Future of the Internet?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy