Excelsio Media by Nelson Alarcón - alarcónnelson

Global economic downturn continues

Global economic downturn continues
Oil giant Saudi Aramco has seen a massive 25 percent drop in profits and warns of a 'challenging' few months ahead. Among its concerns: production cuts. Saudi Arabia announced on Monday it would deepen cuts by a further 1 million barrels per day... as global demand continues to weaken. It's a blow for the company which celebrated the world's biggest ever stock market listing just a few months ago.


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