Saudi’s Arabia’s oil giant gets boost from higher crude prices

Saudi Aramco has reported a 26 percent jump in first-quarter profit thanks to higher oil prices, a positive sign for Saudi Arabia’s finances as the country grapples with damage to energy infrastructure and a knock to oil exports through the Strait of Hormuz. In an earnings statement Sunday, Aramco said it had “sharply ramped up” … The post Saudi’s Arabia’s oil giant gets boost from higher crude prices appeared first on Egypt Independent.