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Oil Demand to Rise to 115m b/d by 2030: Novak

OIL

Russia does not rule out a strong growth of oil demand by 2030, even up to 110m-115m b/d. Russia’s Deputy PM Novak said, cited by Bloomberg and Tass.

  • "In the future, even by 2030, within six years, today’s 102 mln barrels per day may turn into 110 and 115 mln barrels per day because petrochemical industry is developing, the number of flights is on the rise," Novak said.
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Russia does not rule out a strong growth of oil demand by 2030, even up to 110m-115m b/d. Russia’s Deputy PM Novak said, cited by Bloomberg and Tass.

  • "In the future, even by 2030, within six years, today’s 102 mln barrels per day may turn into 110 and 115 mln barrels per day because petrochemical industry is developing, the number of flights is on the rise," Novak said.