The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.
Category: Saudi Aramco
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In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business: -
Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The New York Times – Business:First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’
The New York Times – Business:Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.
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Saudi Aramco Reports $42 Billion in Profit as Cash Rolls In
The New York Times – Business:The bumper earnings from the world’s largest oil company were, nonetheless, a slight decline on the previous quarter.