Filed under: Uncategorized | Tags: available net exports, energy, JODI, Joint Oil Data Initiative, KSA, oil demand, peak oil, Saudi Arabia, Saudi Arabian oil consumption, Saudi Arabian oil production, Taco Bell
Leaving less for our late-night Taco Bell runs.
DUBAI, Nov 19 (Reuters) – Saudi Arabia burned record volumes
of crude oil over the summer, official government figures show,
contrary to its aim of using more gas for power generatation to
reduce wastage of crude that it could export.
During the peak period from early June through September,
Saudi Arabia burned an average of 763,250 barrels per day (bpd)
of crude, compared to an average of 701,250 bpd last year and
747,750 bpd in the previous record summer of 2010, official
government data issued on Sunday under the Joint Oil Data
Initiative (JODI) shows.
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