Saudi has 'every intention' of meeting oil demand: prince

Saudi Arabia fully plans to meet the growing demand for oil driven by China and India, a senior prince and former national intelligence chief said on Tuesday.

"As the demand for oil continues to rise, especially from China and India, the kingdom has every intention of meeting that demand," Prince Turki al-Faisal said in a speech to the Oxford Energy Seminar in Britain.

Saudi Arabia, which holds the world's largest proven oil reserves, is pushing to diversify its own energy production and consumption away from oil in part to ensure it has enough to supply the global oil thirst, Turki said.