Within a period of 15 months, Saudi Arabia has registered a tremendous increase in its crude oil exports to the United States of America. According to the preliminary vessel-tracking data done by Bloomberg, in the month of July, Saudi Arabia loaded 1 MMbpd onto tankers destined for the U.S. upgrading from June exports by 36%
Why Uganda will not benefit from the slump in Global Oil Prices
When Ugandans query the constant upsurge in oil prices, they are often reminded by fuel dealers that the global oil price trends largely driven by the Middle East suppliers especially Saudi Arabia are the reason to blame. However, developments in the recent past suggest that the dealers only use the global oil prices as the