RIYADH, Saudi Arabia, Feb. 10 (UPI) -- Estimates of oil reserves in Saudi Arabia are overstated, meaning crude output could peak within the next decade, leaked U.S. diplomatic cables reveal.
Washington fears Saudi Arabia overestimated its oil reserves by as much as 40 percent and the kingdom can't keep enough oil flowing to control prices, U.S. diplomatic cables obtained by WikiLeaks and published by The Guardian newspaper in London reveal.