Aramco CEO warns of global oil crunch due to lack of investment

‘When you don’t have plan B ready, don’t demonize plan A,’ says Saudi Aramco CEO Amin Nasser DAVOS, Switzerland – The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot … Read more

EU leaders struggle to find short-term fix for energy crunch

The European Union remains divided over whether to ban Russian oil and gas imports BRUSSELS, Belgium – European Union leaders failed on Friday, March 25, to agree a short-term solution to the energy market crunch made worse by Russia’s invasion of Ukraine, but did offer a compromise for Spain where spiral fuel prices have led … Read more