Exclusive: Saudi Aramco pursues war cover after attacks - sources
Wednesday, 4 December 2019 Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.
The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. But as Francis Maguire reports Saudi Aramco sees things differently.
Saudi Arabian Oil Co, otherwise known as Saudi Aramco, surged on its second day of trading to reach the coveted US$2 trillion valuation sought by Saudi ruler... Proactive Investors Also reported by •Eurasia Review