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Climate change was on the agenda at an influential oil industry meeting in Houston with repeated calls for a nationwide regime.
Saudi Arabia doesn't produce as much oil as it can, a spare capacity the head of the state oil firm says provides a crucial safety net.
State-owned Saudi Aramco said it will go ahead with plans to increase oil production capacity to meet the world's energy demand.
Calls for the aggressive displacement of fossil fuels hurt investments to increase supplies to meet growing demand, the head of Saudi Aramco said Tuesday.
Policies to combat climate change -- "well-intentioned but ultimately flawed or confusing" -- could hurt oil recovery, the head of Saudi Aramco said.
The head of state-owned Saudi Aramco said Tuesday the world must tackle the "root causes" of supply concerns to achieve energy security goals.
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United Press International
United Press International
United Press International