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Saudis weigh nuclear energy to 'save oil'

Published 02/18/2018, 10:32 AM
© Reuters.  Saudis weigh nuclear energy to 'save oil'
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  • The world's largest oil exporter, Saudi Arabia, is exploring the use of nuclear energy for domestic energy consumption as part of its transition away from an oil-based system.
  • "We are looking at a number of countries that have nuclear technology for peaceful purposes... so that we can save the oil and export it in order to generate revenue," Foreign Minister Adel Al-Jubeir said at the Munich Security Conference.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, UBRT, DBRT, USAI
  • ETFs: KSA
  • Now read: Crude Oil: The EIA's Monthly Production Report - What To Expect?


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