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BBCNEWS World July 4, 2024

Business stories. We start in saudi arabia as the Worlds Biggest Oil Company Aramco is set to announce its latest Half Year Results in the next half an hour or so. Last year, aramco netted record profits of over 160 billion, buoyed by soaring energy prices. But in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy Global Outlook saw oil prices drop. To tackle this, saudi arabia has been cutting production to the tune of1 Million Barrels a day. They started in july and have now extended to september. The oil price has since been creeping up. Live now to our middle east Business ....

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BBCNEWS World Business Report June 4, 2024 04:32:00

Billion is so much money made in a year. what are they expected to say in the next half hour? expected to say in the next half hour? sally, ithink it is matching half hour? sally, ithink it is matching up half hour? sally, ithink it is matching up to half hour? sally, ithink it is matching up to the - half hour? sally, ithink it is matching up to the recordsl half hour? sally, i think it is - matching up to the records that aramco posted last year and to give you a sense, today we will hear from aramco, give you a sense, today we will hearfrom aramco, the give you a sense, today we will hear from aramco, the earnings for the period of april tojune this year and if you look at the same period last year during the same quarter, they had posted a profit of a9, almost $a9 billion which was huge at that time because remember these earnings came out last year during the peak of oil prices and they had crossed the $100 mark after the outbreak of the war in ukraine and saudi arabia, bec ....

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