Salem Radio Network News Monday, January 30, 2023

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Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year

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Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year

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The profit was buoyed by higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide. The oil firm’s profits will help fund the kingdom’s assertive Crown Prince Mohammed bin Salman’s plans for a futuristic city on the Red Sea coast. Bit the announcement also comes as the United States grows increasingly frustrated by higher oil prices fueling inflation.

 

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