Saudis warn against dumping oil too early

clock • 2 min read

Oil minister warns that failure to invest in new oil capacity would result in "nightmare scenario" should renewable technologies struggle to live up to expectations

Amid falling oil prices, the Saudi oil minister has this week warned against cannibalising fossil fuel revenues by focusing too heavily on renewable energy, predicting that a failure to invest in new developing...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

UK on track for record renewable energy M&A activity this year

UK on track for record renewable energy M&A activity this year

Knight Frank research shows UK renewables market is creating 'significant opportunities' for investors, developers, and operators

clock 12 September 2025 • 3 min read
Top investors: Global clean energy transition now 'unstoppable'

Top investors: Global clean energy transition now 'unstoppable'

Survey of over 700 global investment professionals finds over two thirds are drawn to funds focused on the energy transition

James Murray
clock 10 September 2025 • 2 min read
Ecotricity invests in 'revolutionary' technology from Clyde Hydrogen

Ecotricity invests in 'revolutionary' technology from Clyde Hydrogen

Scotland-based Clyde Hydrogen claims its pioneering technology makes hydrogen production 'cheaper, simpler, and safer'

clock 10 September 2025 • 2 min read