Saudi Arabia Asks for ‘Road Map’ of Oil Demand

Oil giant Saudi Arabia asked consuming nations for a “road map” of future oil demand on Saturday in response to repeated calls for Riyadh to ramp up its production capacity and curb record prices.

Oil minister Ali al-Naimi, speaking after a day of talks between global consumer and producer nations, said his country is spending $50 billion to raise output capacity but wants a clearer picture of where the extra production is needed.
Reuters