Stable Growing of Demands for Oil – 29th of April 2017
The Saudi Aramco CEO Amin Nasser stated that the Oil price will increase as the global economy will soar up 100% by 2050. He refused the theories that estimate peak for Oil price within years as the Oil will be the main source of energy for the world.
Some financial analyst and Oil companies believe that the Oil demand is at its maximum level and it will fall down as the demand for battery-powered cars will make the Oil price peaks in 2030.