16:27 - 10.05.2022

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May 10, Fineko/abc.az. Saudi Arabia's Energy Minister Abdel Aziz bin Salman announced the exhaustion of reserves in the world for the processing of hydrocarbons and the production of electricity.

ABC.AZ reports referring to the foreign media that when delivering speech at a conference in Abu Dhabi, the minister noted that the increase in energy prices is unprecedented.

The minister's statements coincided with the day when gasoline prices in the U.S. broke a record.

On 9 May, the minister said that global investment in the energy sector has declined, and this situation has led to an increase in fuel prices.