Date: 7 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!

URL:




Today

just now

The member of the team of the candidate for president of Ukraine Vladimir Zelensky Alexander Danilyuk is convinced that the Privatbank will continue to work steadily at any judgments, Interfax tells....

just now

On the website of the National exit poll of Ukraine there was information about given polls of the voters who voted in the second round of election of the president of the country. Radio Freedom" repo...

just now

Russian Transneft in writing admitted the fact of supply of low-quality oil to Belarus. As Interfax reports, the source of pollution is found on the site Samara — Unecha. It is confirmed with the bila...

just now

The Ministry of Internal Affairs of Georgia called protesters against construction of hydroelectric power station in the Pankisi Gorge to obey to requirements of police, having threatened them with dr...

just now

The English fighter of the mixed style (MMA) Darren Till is detained by police of the Spanish Tenerife. Daily Mail with the reference to the local website El Dia reports about it. British in the compa...

just now

The candidate for president of Ukraine Vladimir Zelensky recognized that he allowed violation, having shown to journalists the completed bulletin in a voting process in the second round of elections o...

just now

The quality of the Russian oil coming to Belarus on the Druzhba Pipeline gradually improves, RIA Novosti with reference to the CEO of operator of the oil pipeline reports — the Gomeltransneft Friendsh...

just now

The current president of Ukraine Petro Poroshenko will not begin to pursue the political opponents at any result of elections of the head of state. It was said by the representative of his headquarter...