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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 highe...

Performance dividend. Live now to our middle east Business Correspondent sameer hashmi. Samir, Rhe Saudi State remains overwhelmingly aramco� s biggest shareholder, so they remain the big winner in the aramco story. Well, thats right. They own around 90 of the company and the payout, the bulk of it, will go to the saudi government. If you look at aramco, every quarter they have been paying about 19. 8 billion of dividend. This time they have added another amount to that amount, because they said the cash flows are healthy and thatis said the cash flows are healthy and that is why they have d...

That company is the saudio oil giant saudi aramco, and its feeling the effects of lower oil prices, lower than expected demand from china, and thinner Profit Margins for refining oil. Between april and june, the company made a Profit Ofjust over 30 billion, lot of money by anyone� s 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 ...

In other products like coal and timber but not all restrictions have been lifted. Some still remain on items like lobster and wine. Earlier, i spoke to clive russell, an economist who explains what has changed. I explains what has changed. 1 think the major change was first a political one, australia had an election last year and the Centre Left Labour government was elected replacing the more right wing liberal National Coalition government which allowed a resumption of relations between beijing and canberra which had been rocky. It was also a Creeping Realisation that there hadnt been any be...

brazil seeing in 2023 in style. fireworks along the copacabana beach in the countries city of rio dejaneiro. 2 million people there along the seafront. in london, more than 100,000 revellers welcomed in the new year to the chimes of big ben where the countdown was projected within the london eye in the lead—up to midnight. a spectacular firework display lit up the skies for around 12 minutes in what was thought to be the largest display in europe with over 12,000 fireworks. there were tributes to the late queen elizabeth, to ukraine's resistance against russian invasion, and 50 yea...