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   Which country exports the most oil in the world?

   • Saudi Arabia is currently the largest exporter of petroleum in the world. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. Saudi Arabia is permanent and founding member of OPEC

   Economy of Saudi Arabia - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Saudi_Arabia

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   Which country has the largest oil reserves in the world?

   • Saudi oil reserves are the second largest in the world (after Brazilian–Venezuelan oil reserves ), and Saudi Arabia is the world's leading oil exporter and second-largest oil producer.

   Economy of Saudi Arabia - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Saudi_Arabia

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   How did oil prices affect the Kingdom's GDP in 2010?

   • Taking into account the impact of the real oil price changes on the kingdom's real gross domestic income, the real command-basis GDP was computed to be 330.381 billion 1999 USD in 2010.

   Economy of Saudi Arabia - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Saudi_Arabia

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   Why did oil prices go down in 1997?

   • However, beginning in late 1997, Saudi Arabia again faced the challenge of low oil prices. Because of a combination of factors—the East Asian economic crises, a warm winter in the West caused by El Niño, and an increase in non-OPEC oil production—demand for oil decreased and pulled oil prices down by more than one-third.

   Economy of Saudi Arabia - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Saudi_Arabia

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2. en.wikipedia.org › wiki › Energy_storageEnergy storage - Wikipedia

   en.wikipedia.org › wiki › Energy_storage

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   12 hours ago · Energy storage is the capture of energy produced at one time for use at a later time [1] to reduce imbalances between energy demand and energy production. A device that stores energy is generally called an accumulator or battery. Energy comes in multiple forms including radiation, chemical, gravitational potential, electrical potential ...

3. en.wikipedia.org › wiki › Economy_of_Saudi_ArabiaEconomy of Saudi Arabia - Wikipedia

   en.wikipedia.org › wiki › Economy_of_Saudi_Arabia

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   12 hours ago · The economy of Saudi Arabia is the second-largest in the Middle East and the nineteenth-largest in the world. [6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.

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5. en.wikipedia.org › wiki › Gold_standardGold standard - Wikipedia

   en.wikipedia.org › wiki › Gold_standard

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   12 hours ago · The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 [1] [2] as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. [3]