(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.
05-22-2015, 09:52 PM
U.S. drivers yield 'swing' oil demand crown to Saudis
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