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Between april and june, the company made a Profit Ofjust over 30 billion, a lot of money by anyones 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 ....
Welcome to bbc news now, three hours of fast moving news, interviews and reaction. We start with a Major Political political row here in the uk. The first Asylum Seekers to be housed on a barge off the south coast of england have now begun arriving on board. The governments use of the barge called the Bibby Stockholm Has been controversial. Officials say it will be used to house up to 500 men while they await the outcome of their asylum applications. Campaigners have expressed concern about the conditions on board, but the government insists the vessel is safe and that it will help reduce the cost of placing migrants in hotels. Our correspondent ellie price is in dorset for us. She gave us this update a little earlier. We also understand there are already a number of migrants on board. I cant tell you exactly how m ....
Plunging profits. oil giant saudi aramco makes less money amid lower global prices but still boosts its payout to shareholders. end of the road for an american icon. yellow trucking files for bankruptcy after delivering years of losses. welcome to world business report, i m victoria valentine. one of the world s biggest companies has reported a sharp drop in profits. that company is the saudio oil giant saudi aramco, and it s feeling the effects of lower oil prices, lower than expected demand from china, and thinner profit margins for refining oil. ....