The Middle East, particularly Saudi Arabia, is poised to play a pivotal role in the global energy transition, according to Mark Eramo, co-president of S&P Global Commodity Insights. He highlighted the region's growing renewable energy capabilities and its potential to balance traditional energy demands with advancing sustainability goals. Eramo emphasized the ongoing importance of energy affordability and security, noting their priority for governments worldwide. He also mentioned that under President Donald Trump's renewed leadership, energy policy in the US is expected to shift toward an emphasis on increasing crude and gas production and expanding export terminal capacity.
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Original article source: https://www.arabnews.com/node/2587351/business-economy
Source Id: 2025-01-609960195