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Saudi crown prince: oil demand will increase in 2030-2040
October 24, 2017 / 2:19 PM / a month ago

Saudi crown prince: oil demand will increase in 2030-2040

RIYADH (Reuters) - Demand for oil will increase between 2030 to 2040 because there will be a need from petrochemical and other industries, not just for energy production, Saudi Arabia’s crown prince said on Tuesday.

“I do not think demand for oil will decline but will increase between 2030 and 2040,” Prince Mohammed bin Salman told a major investment conference in Riyadh.

Reporting by Stephen Kalin and Katie Paul, Writing by Sylvia Westall; Editing by Catherine Evans

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