Saudi Aramco CEO Declares the Energy Transition a Failure as Oil Demand Surges

Saudi Aramco CEO Declares the Energy Transition a Failure as Oil Demand Surges

The energy transition has failed to live up to its promise, and now the pendulum is swinging back to traditional energy, according to a statement by the chief executive of Saudi Aramco, quoted by Zawya. Speaking at the Energy Intelligence Forum in the UK, Amin Nasser said that “Much of the promised progress has not been delivered, with many unintended consequences. Thankfully, it is finally shifting the narrative in three key ways.” The shift co…

Oil 'locked in for decades', Aramco president says

Nasser says oil remains focus Green energy augments fossil fuels IEA predicts slowing oil demand The narrative around the global energy transition is “finally shifting” and oil remains at the centre of Aramco’s growth strategy, Amin Nasser, CEO and president of the Saudi state-owned energy giant, said. The world will remain “locked in” on oil and gas for decades, Nasser said, “which I hope is the green light for long-term investments in both”.Th…

Aramco will stay dominant in oil, asserts Nasser

On a shifting energy transition narrative, Nasser said: “Much of the promised progress has not been delivered, with many unintended consequences."