The Saudi-Canada spat and the New World Order of Oil
Call it the clash of the oil titans. And it all started with a tweet.
In one corner we have Saudi Arabia, the undisputed oil heavyweight of the world. It produces 11 million barrels per day (bpd) and is the planet’s largest oil exporter by far.
In the other corner to challenge the champ, we have Canada, a relative featherweight at four million bpd – but an up-and-comer with arguably the second largest oil reserves.
Although the title fight has ostensibly been billed as a clash over human rights, it’s really all about oil.