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
Daybreak europe. Im kriti gupta in london. U. S. Stocks poised for their biggest monthly loss, as the bond selloff defense, at the same time as the boj announces unscheduled bond buying. Euro area epi due later this morning, the next puzzle piece for the ecb, one day after german inflation plunged to its lowest level in two years. The uaw plans to expand its strike against detroit automakers. Over in washington, a Government Shutdown draws closer. A lot of crosscurrents around the world. Quick market check. We do know Chinese Markets are closed today. The rest are open and having a read through into futures action. Euro stoxx 50 was virtually unchanged, ftse 100 slight outperformance. Similar story looking at the futures and nasdaq 100. The narrative is the idea that you are not going to be seeing a ton of movement when there are so many unknowns. We are getting commentary on the rates story, earnings are trickling out, but all eyes on that Government Shutdown and what that might mean
/PRNewswire/ London hosted a promotion seminar for the 2nd China International Supply Chain Expo (CISCE), as part of a UK visit by a delegation of Chinese.
Roadshow for 2nd China Int l Supply Chain Expo held in London thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.