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Saudi

Saudi Aramco’s Profit Fell 44 Percent in 2020

Saudi Aramco, Saudi Arabia's national oil company, said Sunday that net income fell 44 percent to $ 49 billion last year as oil prices fell due to the pandemic in earnings.The company's managing director, Amin H. Nasser, described 2020 in a…

Saudi Arabia will minimize its oil manufacturing.

OPEC, Russia and other oil producers reached an agreement on Tuesday that included Saudi Arabia's pledge to cut oil production by one million barrels a day in February and March - a cut of more than 10 percent from the daily target in…