Saudi Aramco CEO Isn’t Losing Sleep Because of Electric Vehicles

• ‘We must push back’ on idea that world can do without oil

• Transition will be slower, more costly than forecasts: CEO

Saudi Arabia’s oil company isn’t afraid of electric vehicles.As it prepares to sell a stake in the company to investors, the CEO reassured a Houston audience that the need for petroleum isn’t going away any time soon.“I am not losing any sleep over ‘peak oil demand’ or ‘stranded resources,’” Saudi Aramco Chief Executive Officer Amin Nasser said at the CERAWeek by IHS Markit conference in Houston on Tuesday. “We must push back on the idea that the world can ...