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عربية – DW
Source: عربية – DW
20 Hrsعربية – DW
Source: عربية – DW
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Nine major oil companies are on track to earn more than $95 billion in the third quarter, benefiting from higher fuel prices and supply disruptions caused by the war in the Middle East. Aramco’s net income is expected to rise 7% to $30 billion, while BP posted quarterly profits of about $8.46 billion—its highest since 2008. Supply constraints and reduced refining capacity, including disruptions to traffic through the Strait of Hormuz, helped push oil prices above $126 a barrel. Activists warned that consumers and the environment are bearing the cost of the windfall.
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