Aramco sees profits up nearly 300 percent as Sadia Arabia experiences a dramatic rebound from last year’s pandemic-hit oil demand. Thanks to prices that have increased by 30 percent since the beginning of the year, as well as steadily increasing demand, Saudi Arabia’s oil industry is going from strength to strength in 2021.
The oil and gas industry is finally seeing some growth after stagnation in 2020 due to ongoing vaccination efforts, the easing of Covid-19 restrictions worldwide, and the return of economic activity. …Saudi Arabia’s Oil Industry Is Staging An Impressive Comeback
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