Saudi Aramco Q2 profit soars on higher prices, demand recovery ...Middle East

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Saudi Aramco Q2 profit soars on higher prices, demand recovery
source : Devdiscourse ( Middle East ) () 34
Saudi Arabian state oil producer Aramco on Sunday reported a nearly four-fold rise in second-quarter net profit, boosted by higher oil prices and recovery on oil demand. Aramco said its results were supported by the global easing of COVID-19 restrictions, vaccination campaigns, stimulus measures, and accelerating economic activity in key markets.

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