Saudi Arabia expects to have freed up to 1 million barrels per day (bpd) of oil for exports by 2030 by cutting its direct oil use in power generation as it looks to replace petroleum liquids with gas-powered generation and renewables, Energy Intelligence reports, quoting industry sources. Saudi Arabia relies on crude and fuel oil for electricity generation and cranks up direct crude and fuel burns during the scorching summer months. Saudi Arabia, the world’s top crude oil exporter, currently generates 51 percent of its electricity from…
