![]() |
U.S. drivers yield 'swing' oil demand crown to Saudis
(Repeats ANALYSIS with ** changes to headline or text) * As Americans hit the road, Saudis burn oil to keep cool * Lower pump prices, improved U.S. eco**my may reverse trend By Jonathan Leff NEW YORK, May 22 (Reuters) - As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand. From June through August, when temperatures in Riyadh routinely rise above 100 degrees Fahrenheit (38 degrees Celsius), Saudi Arabia diverts as much as a tenth of its crude output to fuel power plants that run full tilt to meet surging demand from air conditioners.
أكثر... |
| الساعة الآن 08:27 PM |
Powered by vBulletin® Copyright ©2000 - 2026, Jelsoft Enterprises Ltd. TranZ By
Almuhajir