Rising Domestic Energy Demand Points To Record-High Crude Oil Burn In 2011

One of the lesser-examined energy developments of the past few years is the substantial rise in oil consumption for power generation within the major oil-producing countries of OPEC. The International Energy Agency's (IEA) July 2011 oil market report highlighted this problem in OPEC's most important producer: Saudi Arabia. The IEA estimates that the Kingdom will burn an average of 741,500 barrels per day (b/d) of crude oil in its power stations during the 2011 summer season (defined for statistical purposes as April-September).

To read the full article, please choose one of the following options: