Saudi Gas and Oil Consumption Outracing Economic Growth: Report

Mourad Haroutunian and Glen Carey of Bloomberg report that the consumption of oil and gas in Saudi Arabia is outpacing economic growth. Bloomberg: “The average local consumption of gas and oil grew 5.9 percent in the past five years, the official news service (SPA) reported, citing the kingdom’s central bank governor Muhammad al-Jasser. “Domestic consumption of […]

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