Saudi Aramco Share Price

Oil Price Move yet to lift Saudi Aramco’s Share Price

Saudi Aramco the blue chip of Saudi Arabia and the world’s largest oil company took a drop in its stride last year post Covid-19 as oil demand slumped and OPEC+ which is led by Saudi Arabia agreed to sharp cut in oil exports by 9.7mmbpd effective May 2020 from an October 2018 baseline (with Saudi output cut from 12.3 mmbpd in March 2020 to 8.5 mmbpd) to shore up and stabilize the oil prices in the international market. In line...