Saudi Arabia’s Aramco reports lower half-year profits as economic worries dampen energy prices
- Saudi oil giant Aramco reported half-year profits of $56.3 billion, down from the previous year due to weakening sales amid global economic concerns.
- Aramco stated the profit decrease was due to lower crude oil volumes, weakening refining margins, and reduced finance income.
- Aramco's stock has fallen nearly a fifth over the past year as oil prices declined.
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Total News Sources0
Leaning Left13Leaning Right5Center12Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 40%
R 17%
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