Saudi Arabia’s domestic oil consumption for power generation is showing early signs of structural decline, signaling steady progress toward its Vision 2030 goal of eliminating oil use from its electricity mix. After decades of burning crude and fuel oil to meet surging summer demand, new data indicates the Kingdom is finally beginning to curb this long-entrenched practice—thanks to rising gas output, rapid renewable deployment, and aggressive efficiency measures. According to data reported to OPEC and pub ...