The more the electric vehicle is used, the less oil is burned, and efficiency along with fuel substitution is happening together.

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CryptoFrontier
Gulf States Cut Oil Power Use as Natural Gas Demand Surges
Gulf states are burning less oil for power generation even as electricity demand rises, according to the International Energy Agency's latest Global Energy Review released in April 2026. The Middle East is increasingly turning to natural gas to meet rising energy needs in growing economies and
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