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Natural resources: World likely to rely on Saudi oil in the future

By Ed Crooks

Published: December 4 2007 05:13 | Last updated: December 4 2007 05:13

As the world’s biggest oil exporter for decades – a title it now shares with Russia – Saudi Arabia has been central to the health of the global economy.

Rex Tillerson, the chairman and chief executive of ExxonMobil, recently lauded the relationship between the US and Saudi Arabia as an “energy partnership” that “has been a lynchpin of the global trading system”.

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