Post Tagged with: "higher oil prices"

Source: Reuters

Saudi Aramco Q2 profit soars on higher prices, demand recovery

Reuters


DUBAI – Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.

Aramco said its results were …

Saudi Arabia’s Al-Falih Shifts to a Harder Line to Hold Oil Prices Higher

Saudi Arabia’s Al-Falih Shifts to a Harder Line to Hold Oil Prices Higher

From Bloomberg

Kingdom needs higher prices to implement sweeping economic reforms: RBC

For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role …

February 19, 2018 - 1:50 pm Closing Bell Story‎, Commodity Pricing, OPEC