Tag: Oil Producers
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Saudi Arabia: The World’s Fourth-Largest Oil Consumer
Saudi Arabia is the world’s fourth-largest oil consumer at 3.7 million b/d, following the U.S., China, and India. According to Bloomberg columnist Javier Blas, if Saudi Arabia does not reduce its oil consumption, the global peak in oil consumption may not occur by 2030. Blas highlights that the IEA forecasts a reduction in Saudi Arabia’s…
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