Via Scoop.itThe Great Transition

Saudi Aramco has forecast that the kingdom’s daily energy demand will reach an equivalent of 8.3 million barrels by 2028, more than double the 3.4 million barrels equivalent in 2009. Currently, of the 8.3 million barrels daily in oil production, more than three million barrels are consumed by the domestic market mainly to fuel national industries What will be the effect of this rising domestic demand on exports and world oil prices?
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