Saudi Aramco oil chief: Global energy transition 'visibly failing'

Storage tanks stand at an oil processing facility in Saudi Aramco's Shaybah oilfield in the Rub' Al-Khali (Empty Quarter) desert in Shaybah, Saudi Arabia.

Saudi Aramco chief executive Amin Nasser has said the global energy transition is “visibly failing” on most fronts as proponents overlook the impacts on consumers dependent on cheap, reliable fuels.

In remarks at the opening day of the CERAWeek by S&P Global conference in Houston, Mr Nasser, boss of the world's largest oil producer, lamented the way the oil industry has been painted as the transition’s “arch enemy".