The bad boys of oil

Most of the world's new production is expected to come from just a few nations. That could spell big trouble for Big Oil and consumers alike.

Saudi Arabia
Saudi Arabia
The desert kingdom has the world's biggest oil production facilities and the biggest oil reserves.

Although the Saudis are viewed as extremely reliable oil producers, since the country began nationalizing its oil industry in the 1970s access for Western firms to this vast resource has been increasingly limited. Today Saudi Aramco, the state oil firm previously controlled by Chevron, Texaco, Exxon and Mobil, pumps the overwhelming majority of the country's oil.

As Saudi Aramco is generally seen as one of the most sophisticated oil companies in the world, there is little hope Western firms will ever again be let in on the Saudi oil bonanza.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.