Saudi oil major Aramco reported a 44% increase in second-quarter net profit on Tuesday as it reaped higher prices for crude oil, refined products and chemicals while rerouting shipments away from the war-hit Strait of Hormuz.
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August 4, 2026 - 14:52
Aramco profit jumps 44% on Iran war oil spike, warns on global inventories
By Pharos Investment Advisors Comments are Off
January 30, 2024 - 15:56
Saudi Arabia’s Aramco halts plans to increase maximum oil production capacity
By Pharos Investment Advisors Comments are Off
Saudi Arabia’s state-controlled Aramco on Tuesday announced it is pausing plans to raise its crude production capacity from 12 million barrels per day to 13 million barrels per day.
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