Saudi Aramco’s Q3 Profits Hit $27.5 Billion Amid Global Oil Price Slump
Profits Decline Due to Lower Oil Prices Saudi Aramco, the state-owned oil giant, posted third-quarter profits of $27.5 billion, a 15% drop from last year’s $32.5 billion during the same period. The decrease is attributed to declining global oil prices and reduced refining
“Lower Energy Prices Predicted: Relief for Consumers as Global Oil and Gas Supplies Increase”
Consumers may finally see relief from soaring energy prices, as the International Energy Agency (IEA) predicts a significant drop in oil and natural gas costs over the next five years. After years of price spikes following Russia’s invasion of Ukraine in 2022 and
China Stock Market Set for More Losses Amid Global Economic Worries
Market Overview The Chinese stock market has been declining for several days, losing about 40 points or 1.4%. The Shanghai Composite Index is now just above 2,800 points and is expected to fall further on Wednesday. Global Impact Global economic concerns are affecting