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 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 Cor
and some gales the winds are starting to pick up here through the night. elsewhere, the winds will be lighter. we ll see some clear spells, the odd shower and there is a zone of cloud rolling in from the west. bits of pieces of rain, bits of murk through the morning, turning muqqy of murk through the morning, turning muggy here as well. another fairly chilly night. for tomorrow, muggy here as well. another fairly chilly night. fortomorrow, our deep blow continues to swell. it is going to turn increasingly windy. a significantly weaker weather system but feeling a lot of cloud eastwards across wales into the midlands and eventually east anglia. some spots of drizzle but much of northern england seeing some sunny spells. some showers into scotland. temperatures will only get to 12