, Columnist
Saudi Arabia’s Gas Tank Is Running Low
Anyone inclined to buy a 30-year Aramco bond on the basis of its stunningly cheap production costs should pay attention to its lighter products.
Riyadh's energy shortage.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
There’s one thing we all know about Saudi Arabian Oil Co.: It’s awash in hydrocarbons.
The 261.5 billion barrels of crude oil in its underground reserves would be enough to sustain current production rates until 2088, nearly four decades after the point when the world needs to cut its carbon emissions to zero to avoid devastating climate change. In one area, though, Aramco appears to be running oddly short: gas.