Saudi Aramco's profit plunges 73.4%, sees signs of oil market recovery

📆 09/08/2020 13:05:00
📰 Reuters

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Saudi state oil group Aramco on Sunday reported a 73.4% fall in second-quarter net profit, a steeper drop than analysts had forecast, and said it expected capital expenditure for 2020 to be at the lower end of a $25 billion to $30 billion range.

) on Sunday reported a 73.4% fall in second-quarter net profit, a steeper drop than analysts had forecast, and said it expected capital expenditure for 2020 to be at the lower end of a $25 billion to $30 billion range.

The world’s biggest oil exporter said the rapid spread of COVID-19 globally had significantly reduced demand for crude oil, natural gas and petroleum products. Net profit fell to 24.6 billion riyals for the quarter to June 30 from 92.6 billion riyals a year earlier. All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus limited travel, which hurt oil demand and sent oil prices LCOc1 tumbling to levels not seen in nearly two decades.

Scrivi un Commento

The optimist fell ten stories But at each window bar Cried out to those inside “All right so far!”

Nice. 👍

Yes - a start to the fall.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

UK housing market saw 'mini-boom' in July, Halifax saysBritish house prices saw a 'mini-boom' as the market reopened following the coronavirus lockdown, mortgage lender Halifax said on Friday. Is it because they're not allowed to move to Spain? Abdul Rasheed Qureh hashmi 03060420285tm Abdul Rasheed Qureh hashmi 03060420285tm
Fonte: Reuters - 🏆 2. / 97 Leggi di più »