When Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman announced that Saudi Arabia was no longer an oil-producing country, he likely didn’t mean literally. “Saudi Arabia is no longer an oil country, it’s an energy-producing country,” the Energy Minister told S&P Global Platts this week. Saudi Arabia has high green ambitions that include gas production, renewables, and hydrogen. “I urge the world to accept this as a reality. We are going to be winners of all these activities. Saudi Arabia will surely benefit from the green transition. While the Exxons, Chevrons, and Shells of the world are busy doing climate activists’ bidding in the boardroom and courtroom, NOCs–particularly in various OPEC nations–are all-too-eager to take advantage of what will surely be increased oil prices. Already Saudi Arabia has raised its official selling price for the month of July to Asia. But that doesn’t stop Saudi Arabia from pursuing its […]