Main content

Is the sun setting on Saudi oil?

Is the Saudi state oil company Aramco finalising its much-delayed share offering just as financial markets are losing faith in the future of fossil fuels?

Is the Saudi state oil company Aramco finalising its much-delayed share offering just as financial markets are losing faith in the future of fossil fuels?

Manuela Saragosa speaks to energy geopolitical analyst Indra Overland, who says that the transition to electric vehicles could happen much faster than expected, posing a direct threat to what is the world's biggest oil company. Meanwhile Andrew Grant of the think tank Carbon Tracker says that big institutional investors are beginning to take the financial risks posed by climate change far more seriously.

But according to oil industry consultant Cornelia Meyer the highly profitable Saudi company could still prove an attractive proposition for Western investors.

(Picture: A Saudi petroleum plant silhouetted at dusk; Credit: Scott Peterson/Liaison)

Available now

18 minutes

Last on

Fri 18 Oct 2019 12:32GMT

Broadcasts

How the 2008 crash shaped our world

How the 2008 crash shaped our world

Stories from people involved in the crash and how its effects are still felt today

Business Daily Podcast

Business Daily Podcast

Download every programme.

Podcast