Global Energy Demand and Capacity Building in Saudi Arabia's Petroleum Sector
May 2, 2005
In these estimates, and virtually every other major forecast, Saudi Arabia is a key petroleum exporter and central to a steadily more interdependent global economy. Saudi Arabia is also the only oil producer that has consistently sought to maintain surplus oil production capacity, with a nominal goal of 2 million bpd. This situation will not change in the foreseeable future.