Canary LLC brings you this week’s breaking news:
May 15: Red Sea Shale Deposits Bolster Saudi Natural Gas Reserves
An annual review from the Saudi Arabian Oil Company cited today in a Bloomberg report states that the country’s natural gas reserves rose from 285 trillion cubic feet in 2012 to 288 trillion cubic feet in 2013. The state-run oil company credits the increase to shale gas exploration in the Red Sea. This new fuel will be funneled toward domestic use, freeing up more traditionally sourced fuels for export. (Read more)
