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

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 concerns, first, the fact that alternative energy sources have added to rather than replaced…

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