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Saudi Aramco Says Fears of ‘Peak Oil Demand’ Are Overblown

  • ‘We must push back’ on idea that world can do without oil
  • Transition will be slower, more costly than forecasts: CEO
Amin Nasser

Amin Nasser

Photographer: Anindito Mukherjee/Bloomberg
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Saudi Arabia’s oil company isn’t afraid of electric vehicles.

As it prepares to sell a stake in the company to investors, the CEO reassured a Houston audience that the need for petroleum isn’t going away any time soon.