ECONOMY


Saudi Energy Minister: Oil shortage could hit by 2020 if investment doesn't pick up

Baku, January 23, AZERTAC

“There could by a shortage of oil supply by 2020 if investment flows continue at their current rate,” said Saudi Arabia's energy minister Khalid A. Al-Falih.

Al-Falih told CNBC that prices today are "comfortable" but he worries about future investment.

"I believe if the investment flows that we have seen the last two or three years continue in the next two or three years, we will have a shortage of oil supply by 2020.”

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