Eric Watkins Oil Diplomacy Editor Saudi Arabia's oil exports look to decline sharply over the long term as the Middle Eastern country's own domestic demand is expected to consume more of its production. "The country's domestic consumption of energy, especially oil, at very cheap prices, is…likely to continue to rise rapidly, sharply reducing the amount of oil available for export," said a report by Riyadh-based Jadwa Investment. The report noted that the sharp drop in oil exports constitutes "a major challenge" to Saudi Arabia given its heavy reliance on oil exports in the absence of other major sources of income. The report notes that Saudi Arabia's oil exports had al...