Saudi Aramco Chief Predicts Oil Shortage as Investment Falters

The world is heading for an oil-supply shortage that booming U.S. shale production can’t prevent, the chief executive of Saudi Arabia’s state oil company said Monday. Amin Nasser, the chief executive of Saudi Arabian Oil Co., or Saudi Aramco, said the oil-price downturn of the past three years had reduced investments in long-term…

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