Between april and june, the company made a Profit Ofjust over 30 billion, a lot of money by anyones metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business Correspondent Sameer Hashmi that even with falling profits, the biggest winner is the saudi government, which is aramcos biggest shareholder. The saudi government owns around 90 of the c
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the old supply and demand. what happened was that during the pandemic, we had all that time when people were sat at home and they were ordering goods from e commerce giants like amazon and walmart and others but then once the economy started to reopen, people started going out more and they switch their spending away from goods and services. so they were buying less physical products, that meant ultimately there was less demand for shipping items and so right now, you have more shipping capacity than there is demand so even with the disappearance of yellow, customers who use the service shouldn t have a problem finding alternative at a decent price because at the moment, the capacity that exists right now in shipping exceeds demand. thank ou ve in shipping exceeds demand. thank you very much- to croatia now, where tourism is the largest industry. its long stretch of adriatic coastline draws in visitors from all over the world, but like many places they are facing
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been. she s been living with a family friend and said she wants nothing do with her parents. in today s road warriors there are some unlikely deductions you might be able to take on your taxes it you re a frequent traveler. yes, you can write off the power lunches and shipping items for trade shows. get this, if you run a business from a house trailer or rv, uncle sam says it s okay to write it off as an office on wheels. of course, it s very important you check your company s travel policies, review the irs rule us and consult with your accountant before claiming everything on your taxes. but don t overlook that free money. i say that every year this time. don t overlook the free money. if you re looking for a new job, you can try to write off the costs of looking for a new job. you can definitely check the irs
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had great shots. they were getting ready for the game. 17 inches of snow in minneapolis is a big deal. you think minneapolis, chicago, they don t get a ton of snow. they get a lot of cold but to get that much snow. do we have that avalanche video? there we go. here it comes. there you go. narrate, rob. that teflon roof is held up by hot air. it sprung a leak in a big way. multiple camera angles. high definition. this is some of the best sports video we ve seen. thanks, rob. well, they get to see the game but head to detroit with a free ticket. we re moving to the busiest time of the year for shipping items. fedex saying it expects to move nearly 16 million packages today. our david mattingly bravely decided to go to the warehouse in georgia north of atlanta and david, we heard earlier from i guess electronics to crickets
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