Insight
Saudi Arabia’s crude burn to weaken in summer 2024
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Report summary
Saudi Arabia typically burns over 0.5 million b/d of crude oil for power generation. Oil burn is highly seasonal in Saudi Arabia, peaking in the summer months when air conditioning use soars. Saudi Arabia is increasingly importing cheap Russian fuel oil to replace crude oil. Read on as we examine whether this will have a measurable impact on this summer's crude burn.
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