Saudi Arabia's Former Oil Minister Says Don't Worry About Demand
- Ali al-Naimi says Saudi Arabia should develop minerals
- Solar energy is important along with oil and gas: al-Naimi
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Saudi Arabia’s former oil minister has some advice for anyone worried about a possible drop in future demand for crude: Chill.
"I would like to put everyone at ease, there are no such worries," Ali al-Naimi said in Manama, Bahrain, when asked if he sees a threat to oil demand from climate policies and increasing use of electrical vehicles. Any slowdown in demand from transportation will be more than offset by growth in other industries, he said.