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Saudi Oil Minister Says Global Production Could Plunge 30% This Decade - Bloomberg

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Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels.

“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” Oil Minister Abdulaziz bin Salman said in Riyadh. The result could be an “energy crisis,” he said.

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Saudi Oil Minister Says Global Production Could Plunge 30% This Decade - Bloomberg
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