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Your Weekly Update: 12 - 16 August 2019


  • The momentum for crude prices abated in the second quarter of 2019, providing less cushion for the financial results of the world's oil companies.
  • If split evenly, Aramco's net profits would be more than the five supermajors combined in Q219.
  • As it led the way in adhering to the OPEC+ club's current supply restrictions, weaker crude prices saw net profit fall by 11.5% from US$53 billion a year earlier.



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