Climate Alliance 6 March 2019 In the news Saudi Aramco bows to 'peak petrol' as oil veterans grapple with climate backlash | The Telegraph Climate Alliance 6 March 2019 In the news Saudi Arabia is bowing to the inevitable. Aramco is launching radical plans to switch its oil output from cars to petrochemical use over the next decade, implicitly accepting that the curtain is coming down on the era of petrol and diesel.