Saudi Arabia Quietly Decreasing Dependence on Crude Oil

 

While an Aramco IPO continues to grab the headlines, Saudi Arabia is quietly getting on with the business of weaning itself off a dependence on crude oil exports, with flows of refined products soaring and direct burning of crude near multi-year lows, writes Bloomberg oil strategist Julian Lee. Data for December from the Joint Organisations […]

Source: Saudi Arabia Quietly Decreasing Dependence on Crude – Bloomberg Businessweek Middle East

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