Tag: Energy

Iran and US near interim deal on nuclear enrichment and oil exports

Iran and the United States are nearing a temporary deal that would swap some sanctions relief for reducing Iranian uranium enrichment activities, two sources with direct knowledge of the talks told Middle East Eye.

Oil giant Saudi Aramco posts 19% drop in first-quarter profit

State oil giant Saudi Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording net income of $31.9 billion down from $39.5 billion the previous year amid falling oil prices.