That company is the saudio oil giant saudi aramco, and its feeling the effects of lower oil prices, lower than expected demand from china, and thinner Profit Margins for refining oil. Between april and june, the company made a Profit Ofjust over 30 billion, lot of money by anyone s metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business Cor
degrees in shetland. elsewhere, 17 to 20, so still attached below par for the time of year. into wednesday, we will see quite a lot of cloud, but mr mcfall coast coastal hills and spots of drizzle. tending to feed north eastward but some spells of sunshine too. turning a little bit warmer, up to 2a25 degrees in the south but thursday are set to be the warmest day of all. the southerly winds being temperatures widely into the 20s. many spots get up to their mid 20s celsius but it will stay chilly in the north east of scotland. when we do have the warmth and humidity, it won t last all that long. by friday, we see the cold front pushing its way eastwards. the wind is coming backin way eastwards. the wind is coming back in from the atlantic and it will start to feel cooler again as we head into the weekend and there will be some showers or longer spells of rain.