Error message

  • Warning: mysqli_connect(): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 248 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).
  • Warning: mysqli_connect(): (HY000/2002): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 248 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).
  • Warning: mysqli_close() expects parameter 1 to be mysqli, boolean given in include() (line 272 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.arabianoilandgas.com.settings.php).

Saudi domestic oil use leaps 13%

Domestic usages rises 13.7% from September to October

Feedstock for electrical power continues to eat into Saudi's production capacity.
Feedstock for electrical power continues to eat into Saudi's production capacity.

According to official figures cited by Bloomberg, crude oil consumption in Saudi Arabia jumped 13.7% in October from the previous month, reaching the highest level since at least 2002.

The Kingdom used an average of 2.02 million barrels a day of oil in October compared with 1.78 million barrels in September, according to figures the Saudi government submitted to the Joint Organisation Data Initiative.

Saudi Arabia faces greater domestic demand amid a 3.2% annual increase in its population. Domestic electricity demand is rising by about 10% a year, or twice the economic growth rate, according to a July report by HSBC.

 

Newsletter

Most Popular

Digital Edition

Oil & Gas Middle East - September 2020

Subscribe Now