Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year boosted by higher oil prices resulting largely from Russia's invasion of Ukraine.The announcement came as the OPEC+ cartel of oil producers was set to implement production cuts that have drawn the ire of the Unite…
By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year, buoyed by higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide.
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Oil Giant Saudi Aramco's Quarterly Profit Surges 39% on Higher Prices | Since Then