Business Live:

Updates from the world of economy, markets, and finance

The benchmark stock indices opened the day on a

Join us as we follow the top business news through the day.

Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

Saudi Arabia’s state-backed oil giant Aramco says that its profits sharply fell in 2020 to $49 billion. The big drop came as the the coronavirus pandemic roiled global energy markets.

Saudi Arabian Oil Co. on Sunday released its financial results a year after the pandemic sent the price of oil crashing to all-time lows as people stopped moving around the world to slow the spread of the virus.

Read more 

Source: Read Full Article