{"id":70142,"date":"2022-08-15T20:40:00","date_gmt":"2022-08-15T16:40:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70142"},"modified":"2022-08-15T20:54:38","modified_gmt":"2022-08-15T16:54:38","slug":"aramcos-profit-jumps-90-percent-on-higher-crude-prices","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/aramcos-profit-jumps-90-percent-on-higher-crude-prices\/08\/15\/market-updates\/","title":{"rendered":"Aramco\u2019s Profit Jumps 90 Percent On Higher Crude Prices"},"content":{"rendered":"\n<p>The giant Saudi oil producer said it earned nearly $50 billion last quarter, the latest energy company to record outsize profits after the surge in crude prices since Russia\u2019s invasion of Ukraine in February.<br>Aramco announced that its second-quarter profit jumped 90 percent over the same period a year ago, reaching $48.2 billion. It is the latest energy producer to report bumper earnings on the back of a surge in the price of oil.<br><br>Aramco, the national oil company for Saudi Arabia, said its earnings reflected increased demand for crude and higher refining profits. And the state-run company predicted that demand for oil would continue to grow through the rest of the decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The giant Saudi oil producer said it earned nearly $50 billion last quarter, the latest energy company to record outsize profits after the surge in crude prices since Russia\u2019s invasion of Ukraine in February.Aramco announced that its second-quarter profit jumped 90 percent over the same period a year ago, reaching $48.2 billion. It is the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":44462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6962,8159,7349,8283],"class_list":["post-70142","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-aramco","tag-crude-oil-prices","tag-profits","tag-saudi-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70142"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70142\/revisions"}],"predecessor-version":[{"id":70148,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70142\/revisions\/70148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44462"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}