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Saudi Aramco CEO Amin Nasser said the current energy transition strategy is failing.The world should give up on the idea of phasing out oil and gas, Nasser said.The CEO called for a reset of the strategy that focuses on reducing emissions, not phasing out oil and gas. Amin Nasser, CEO of Saudi Aramco, speaks at the ...

Saudi state-controlled Aramco suspended its capacity expansion plans because of the green transition, Saudi energy minister Abdulaziz bin Salman said Monday."I think we postponed this [Aramco capacity] investment simply because … we're transitioning. And transitioning means that even our oil company, which used to b...