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Saudi Aramco Reports 25% Profit Jump Amid Oil Shipping Disruption
Why this matters: an automotive development that could shape industry direction or buying decisions.
Saudi Aramco reported a 25% rise in first-quarter profit as the Iran-US war disrupted oil supplies and forced the company to shift some exports through its East-West Pipeline, Reuters reported. Strong Financial Performance The world’s largest oil exporter earned a net profit of $32.5 billion in the
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