Date: 8 months ago   Category: Markets

The Saudi prince has predicted withdrawal of Russia from the oil market


The crown prince of Saudi Arabia Muhammad bin Salman Al Saod has said that in the future most of producers of oil will disappear from the world market. He has told about it in an interview of Bloomberg. Materials on teme00:01 — on July 18 zadnyuyusaudovsky Arabia has deceived Dali the whole world. I am guilty нефтьВ particulars, production of this type of raw materials will be reduced in Russia. "In 19 years production of oil in Russia will strongly be reduced if doesn't disappear absolutely, with her 10 million barrels" — Al Saod has explained. In addition, the Saudi prince has predicted withdrawal of China from the world market of oil approximately in five years. According to him, other producers of raw materials also "will disappear every day". Despite it, demand for oil will grow till 2030 more than for one percent a year therefore Saudi Arabia in the future has to increase deliveries. "We don't think that for Saudi Arabia in this area there is any risk. Today nobody speaks about planes which fly on electricity, or about the ships which float in the sea on electricity. We will add to it demand from petrochemistry and prospect of petrochemistry in 10-30 years" — Al Saod summarized. Earlier Muhammad Al Saod has said that Saudi Arabia won't pay the USA for the safety. He has added that the agreement of Riyadh and Washington allows Saudi Arabia to produce weapons on the American technology, and this good achievement both for the White House, and for the Arab country. It is more than important news in Film of Day Telegram-channel. Subscribe!

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