The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
Tag: Saudi Aramco
At CERAWeek, Saudi Aramco C.E.O. Says Energy Transition ‘Visibly Failing’
The comments by a Saudi executive raised questions regarding whose predictions about the future of oil and gas are more likely to be true.
In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
What Is the Saudi Sovereign Wealth Fund?
The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
Inside the Saudi Strategy to Keep the World Hooked on Oil
The kingdom is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and using its diplomatic muscle to obstruct climate action.
Ostracized by the West, Russia Finds a Partner in Saudi Arabia
The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.
Israel Downs Iran Drones With Arab Help, Signaling Growing Ties
The destruction of Iranian drones last year was an early example of a new regional military project that President Biden is trying to shore up during his Middle East visit.
Yemeni Rebel Attack Sets Saudi Oil Facility Ablaze
Saudi officials accused Yemen’s Houthi rebels of launching the attack, which cast a shadow over a Formula One car race aimed at international spectators.
At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters
A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.
As Western Oil Giants Cut Production, State-Owned Companies Step Up
In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.