Petrol Malaysia

I found this visualization of the World's Biggest Oil Producing Countries over at Visualizing.org. Source I thought that I'd share it on this blog. I realised that the original image was too big and wound up being downgraded after uploading. So I broke it up into several images and uploaded it. Anyway, here it is: Overall summary of countries Saudi Arabia and Russia United States and Iran China and Canada Iraq and United Arab Emirates Mexico and Kuwait Brazil and Nigeria Venezuela and Norway Finally, Algeria.

Dear Reader Malaysia's stock exchange and ringgit currency recently took a beating due to falling oil prices. According to the Star: The plunge follows an Opec decision not to cut production despite a huge oversupply in global markets. ... it [price per barrel] could plunge all the way to US$32.40 per barrel. Oil prices fell to their lowest in five years yesterday due to the production war between Opec and the American oil boom from shale oil producers. In recent months, the United States has become a major producer of shale oil and gas – fuel that’s extracted from rock fragments – threatening the position of Saudi Arabia as the dominant oil-producing country. In response to the threat, Opec, which is influenced by Saudi Arabia, has vowed to continue production of oil in a market where supply has outstripped demand. This has led to a free fall in global oil prices that have declined by more than 40% since July this year. Source Malaysia is a net exporter of oil, and...