Tag Archives: shale oil

Here’s why Saudi Arabia is no longer worried about shale oil

The price of a barrel of Brent crude oil spiked above $70 this morning, hitting its highest level in more than a year. The move came in the wake of an attack on the world’s largest oil facility, Saudi Arabia’s Ras Tanura terminal. The terminal is capable of exporting around 6.5 million barrels of oil […]