Oil and gas are important in times of conflict, said Aramco’s CEO, addressing energy leaders at the Energy Asia Conference. He explained how the global market depends on fossil fuels during times of instability.
During his speech, Amin Nasser joined the conference virtually from Saudi Arabia. However, he addressed delegates in Kuala Lumpur with urgency, given recent geopolitical escalations involving Israel and Iran.
Tensions have been rising across the Middle East, with Israel launching strikes against Iranian targets. These actions have fueled uncertainty, triggering sharp movements in global oil prices last week.
Moreover, oil prices surged immediately after Israel’s operations in Iran, which aimed to disrupt Tehran’s nuclear advancements. Analysts warned the fighting may worsen energy market volatility if further escalation occurs.
Aramco, the world’s largest oil producer, monitors market shifts caused by geopolitical conflicts. Nasser highlighted how traditional energy remains vital when diplomatic stability breaks down.
The oil and gas important in times of conflict narrative also underscores how fossil fuels ensure energy security. Many nations rely on predictable oil flows to shield their economies during uncertain times.
Additionally, Aramco may consider asset sales to raise liquidity amid long-term energy planning. According to sources, the company seeks flexibility for future investments across upstream and clean energy portfolios.
Meanwhile, Nasser emphasized that any transition away from oil must consider market realities. He said many developing countries still lack the infrastructure for full renewable energy adoption.
In this environment, a stable fossil fuel supply helps avoid economic disruption and ensures energy reliability. Policymakers must weigh security, affordability, and sustainability in future energy strategies.
The oil and gas important in times of conflict message reflects ongoing debates about energy transition goals. Global leaders must now prepare for both conflict-driven shocks and long-term sustainability objectives.
As the Middle East faces intensified conflict, Aramco believes fossil fuels will remain a necessary pillar. Its executives will continue to advocate for practical, balanced approaches to global energy policy.
