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Markets

Global oil demand to rise despite push for renewables

Published October 24, 2017 Updated October 24, 2017 09:20pm

RIYADH: Global oil demand is expected to grow by 45 percent by 2050 despite an international push for using more renewable sources of energy, Saudi Arabia's energy minister said on Tuesday.

Khalid al-Falih also told an investment conference in Riyadh that the kingdom, which is the world's biggest crude exporter, would remain a cornerstone of the global oil industry through state-owned Saudi Aramco.

 

 

Copyright Reuters, 2017
 

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