Amin Nasser warns oil market could remain shaky into 2027
NewsBytes | May 11, 2026 4:40 PM CST
Aramco reroutes exports, posts 26% profit
To keep oil flowing, Aramco has started sending some exports through its East-West pipeline to the Red Sea, but these shipments still have not bounced back to what they were before the conflict.
Despite all this chaos, Aramco managed a 26% jump in first-quarter profit of 126 billion riyals thanks to higher prices and even kept its quarterly dividend at $21.9 billion.
Some tankers are reportedly turning off their tracking devices while passing through Hormuz, a sign of just how tense things have gotten.
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