Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia’s war in Ukraine and a post-pandemic surge in demand sent crude prices soaring. Net income leapt 90 percent year-on-year for the world’s biggest oil producer, which clocked its second straight …
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Saudi Arabia’s Finance Minister has called on the Organization of the Petroleum Exporting Countries to fund more green transformation projects, in the wake of oil giant Aramco pushing ahead with solar and wind energy developments. Speaking at the ministerial meeting of the OPEC Fund for International Development in Austria, Mohammed …
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Saudi Arabia’s state-run energy giant, Saudi Aramco, has increased the official selling price of the Kingdom’s crude to Asian and US buyers. Global oil prices reportedly saw a smaller weekly loss as a result. In particular, Aramco increased pricing for its key Arab Light grade of crude for Asian customers …
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