Aramco CEO Amin Nasser at CERAWeek in 2022
Letter from Saudi Arabia: Don’t mistake Saudi energy policy
The country is not betting against long-term oil demand growth, it is planning for a hydrocarbons-led energy demand boom
It is a truth universally acknowledged that an oil company in possession of a good fortune must be in want of an energy transition strategy. But within that is a lie that is in danger of becoming equally commonplace: that this very strategy means replacing hydrocarbons with renewables. Saudi Arabia, and its NOC Aramco, stands ready to write a new energy narrative. Aramco CEO Amin Nasser defended the oil industry with pride in Houston earlier in March and countered the prejudices from policymakers over the energy transition. He said at the CERAWeek conference that the current transition strategy overlooks affordability and reliability in supply, paints the industry as the “archenemy” and loo
Also in this section
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
