OPINION: Big Oil is back on top, with Saudi Aramco toppling US tech giant Apple as the world’s most valuable company.

Those who thought the oil and gas industry was dead on its feet after the Covid-inspired commodity crash of 2020 have woken up.

With the price of Brent blend crude sticking closely to $110 per barrel, Big Oil has been raking in profits and attracting legions of equity investors.

Aramco’s market capitalisation became the highest in the world last week.