Saudi Arabia to Free 1 Mb/d by 2030 via Gas, Renewables; Nuclear Deal with US

Saudi Arabia plans to displace over 1 million barrels per day of domestic liquid fuel consumption by 2030, replacing it with natural gas and renewables, with nuclear power to further reduce oil use post-2030. A 30-year US-Saudi civil nuclear cooperation agreement signed July 22 enables US reactor supply, potentially freeing more Saudi crude for export. This signals a strategic shift in Saudi energy policy, with implications for global oil supply and US influence in the region.