Saudi Arabia, the world’s top crude exporter, risks becoming an oil importer in the next...

|By:, SA News Editor

Saudi Arabia, the world’s top crude exporter, risks becoming an oil importer in the next 20 years if its oil consumption grows in line with peak power demand, Citigroup says. "Indeed we would expect consumption to continue to outstrip population growth as Saudi Arabia’s currently young population ages and consumer spending increases supported by rising GDP per capita," the firm writes.