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Saudi Arabia is continuing to voluntarily cut crude oil exports in respect to OPEC+’s decision. Moreover, there is a decrease in the country’s direct burn of crude oil due to boosting cost-effective energy mix. The country is to substitute liquid fuel with natural gas and renewables to constitute 50% of the electricity production methods. Moreover, Saudi Arabia is working to attain a 50% contribution to renewable energy through projects such as the Dumat Al Jandal Wind Farm. 

Saudi Arabia’s crude exports hit 4 month high; direct burn slows

Saudi Arabia is continuing to voluntarily cut crude oil exports in respect to OPEC+’s decision. Moreover, there is a decrease in the country’s direct burn of crude oil due to boosting cost-effective energy mix. The country is to substitute liquid fuel with natural gas and renewables to constitute 50% of the electricity production methods. Moreover, Saudi Arabia is working to attain a 50% contribution to renewable energy through projects such as the Dumat Al Jandal Wind Farm. 

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