China's oil refineries are slowing down, impacting OPEC+ and Gulf States. Saudi Arabia's oil consumption, not production, is crucial for peak oil demand. The kingdom's high crude use in electricity generation is key to oil demand decline in the 2030s.
Saudi Consumption — Not Production — Is Key to Peak Oil - Bloomberg The kingdom’s staggering use of crude in electricity generation makes it critical to oil demand’s decline in the 2030s.
COLUMN: Peak oil and Saudi Arabia "The staggering amount of oil the Saudis consume – 3.7 million barrels a day, the world’s fourth most, behind only the US, China and India — means the kingdom would play a key role in shaping demand" #OOTT @Opinion https://t.co/ZS7zApf0CX
"Global oil demand can only peak in 2030 if Saudi Arabia... embark[s] in a massive oil-saving program. If it doesn’t, the global numbers don’t add up. "Saudi Arabia burns about 1.4 mmb/d of unrefined crude and fuel oil in its electricity plants" https://t.co/Rd6motSepL #energy… https://t.co/r4D3mXWNZI
Saudi oil consumption, not production, will be key to peak oil, writes @JavierBlas https://t.co/RLmbwiM1xC https://t.co/zP8TjFo7PJ
COLUMN: The big irony behind the talk about "peak oil demand" is that it requires Saudi Arabia to slash its domestic crude consumption -- and a lot. Would it? @Opinion #OOTT #SaudiArabia https://t.co/ZS7zApf0CX
Saudi Arabia needs to turn over a new leaf on oil use, writes @JavierBlas https://t.co/ylEaZNYvmc via @opinion
Saudi Arabia needs to turn over a new leaf on oil use, writes @JavierBlas https://t.co/S6bOsegdP1
The News: China’s Oil Refineries are Slowing Down after Decades of Growth They said it is bad news for OPEC+ & Gulf States! They are wrong! They missed teh most important reason: here: https://t.co/gN25VgtzCx #China #Kuwait #Oman #ADNOC #AbuDhabi https://t.co/yumk2k3zHs