Saudi Arabia is finally shedding some light on its proven oil reserves, and I guess it is better late than never. Yet, they are doing this for their own selfish reasons — and not in the interest of transparency for the good of the global economy.

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A new report shows that for Saudi oil production it may be a new dawn. The Saudis have finally shown their cards. For the first time ever, the country has allowed independent auditors to look at their oil reserves.

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