| Saudi Arabia’s oil production was up to 10.3 million barrels in March, and an senior Saudi energy official says that will meet an annual global rise in demand of as much as 1 million barrels a day. In fact, total yearly demand around the world is expected to reach 105 million barrels a day by 2025, Ibrahim al-Muhanna told an energy conference in Riyadh on April 10.
Al-Muhanna, an adviser to Saudi Oil Minister Ali al-Naimi, said the current depression in both oil prices and demand is a “temporary, unnatural situation,” and that in the foreseeable future there will be “continued growth in demand for the various types of energy, including oil.”..............................................Full Article: Source
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