RIYADH: Saudi Arabia is working to artificially stimulate oil demand even as it publicly backs a transition away from fossil fuels, a report said ahead of COP28 climate talks in Dubai.
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Saudi Arabia is allegedly artificially stimulating oil demand despite publicly supporting a transition away from fossil fuels, according to a report. The report, published by the Centre for Climate Reporting and Channel 4 News, focuses on the Gulf kingdom s Oil Sustainability Program (OSP), launched in 2020 to ensure hydrocarbons remain part of the global energy mix efficiently and sustainably.