Saudi Arabia Spends Like Oil’s Still at $90

Saudi Arabia Spends Like Oil’s Still at $90

Saudi Arabia is driving a faster-than-planned oil production ramp-up among the eight OPEC+ members that were keeping a cap on their output. Saudi Arabia is also raising its oil prices for Asian buyers amid falling benchmarks. This has confused some, even though the moves point in the same direction, of stronger demand down the road. Yet this stronger demand won’t help the Saudis avoid some fiscal pain. One often-cited figure when it comes to oil…

Dubai/Riyadh agencies: Saudi Aramco, the largest oil exporter in the world yesterday Sunday, said that its profits in the first quarter had fallen 4.6 percent owing to falling sales and rising operating costs, with crude oil markets being affected by economic uncertainty caused by tramp customs duties.

Reducing the prices of commodity was driven by unexpected increases in the production of OPEP+ and U.S. trade tensions Saudi Aramco, the world's largest oil exporter, recorded a drop of 4.6% in the net profit of the first quarter, totaling US$ 26 billion, under pressure from low oil prices — affected by increases in production led by Opep+ and commercial tensions caused by United States President Donald Trump.

Oil: Saudi giant Aramco's net profit drops by 4.6% in the 1st quarter Admin FCE 11 May 2025 - 10:15 Saudi oil giant Aramco announced on Sunday a 4.6% decline in its net profit in the first quarter, penalised by a fall in sales and operating costs, according to a press release published on the Saudi Stock Exchange.The decrease is due to "a decrease in revenues and other sales-related revenues, as well as an increase in operating costs", explains …