Saudi Arabia announced exhaustion of world reserves

The Minister of Energy of Saudi Arabia Abdel Aziz Ben Salman announced the exhaustion of reserves in the world for the processing of hydrocarbons and electricity production.

“The world needs to pay attention to the existing reality, which consists in the exhaustion of reserve capacities for the production of energy resources at all levels,” Al -Arabia quotes it.

The Minister also expressed concern about the energy system that has existed today, saying that the world should work collectively and responsibly. He noted that the gap between oil prices and prices for aviation, diesel fuel and gasoline in some cases is about 60% due to the lack of processing capacities.