David Fickling, Columnist

Sorry, Aramco, Reliance Just Isn’t That Into You

A share swap between the world's biggest oil producer and its biggest refiner makes good sense from a Saudi perspective. The feeling may not be mutual.

April 29, 2021 at 7:08 AM UTC

By David Fickling

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

I don’t want to wait in vain.
Photographer: Pool/Getty Images North America

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Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so.

“There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday.