Saudi’s Aramco Pledges to Increase Investment in Oil Production to Meet Growing Demand, Reverses Trump’s Plan
Saudi Arabia’s state oil company Aramco on March 20 pledged to increase the amount it invests in oil production after it reported that profits more than doubled year-on-year to $110 billion, which is a reversal of what President Donald J. Trump had planned. The world’s largest oil exporter said its net profit increased by 124 … Read more