Saudi Arabia’s oil balance depicting a 'business as usual' scenario (Source: Chatham House, 2011) *NGL - Natural gas liquids

Saudi Arabia faces domestic and global pressures on its oil reserves

Saudi Arabia is facing unprecedented pressures on both its economy, social structure and its political system. It is, by far, the largest holder of proven oil reserves, and continues to be seen as the major influence in calming volatile oil markets and meeting global emergencies. But experts suggest Saudi Arabia's place at the top of the world oil market is threatened by unrestrained fuel demand - from its own people. Can this country at the centre of global events and with its own internal pressures meet the challenges before it?

IN LESS than 70 years, Saudi Arabia has been transformed from a marginal country to a central player on the international stage.

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Dr. Carole Nakhle
Experts are beginning to argue that Saudi Arabia's place in the world oil market is threatened by unrestrained domestic fuel consumption, with severe consequences on both government coffers and world oil market
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