{"id":367185,"date":"2020-08-10T12:14:43","date_gmt":"2020-08-10T06:44:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367185"},"modified":"2020-08-10T13:13:02","modified_gmt":"2020-08-10T07:43:02","slug":"saudi-aramco-profits-dive-73-as-virus-batters-oil-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-profits-dive-73-as-virus-batters-oil-demand\/","title":{"rendered":"Saudi Aramco profits dive 73% as virus batters oil demand"},"content":{"rendered":"<p>Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 per cent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. <\/p>\n<p>The behemoth, recently dethroned by Apple as the world&#8217;s most valuable listed company, posted a net profit of $6.6 billion for the three months to June 30 compared to $24.7 billion for the same period of 2019.<\/p>\n<p>The results are in line with analysts&#8217; expectations but stand in contrast to the losses reported by its rival energy giants, which are reeling from a drop in oil demand since the start of the novel coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 per cent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. The behemoth, recently dethroned by Apple as the world&#8217;s most valuable listed company, posted a net profit of $6.6 billion for the three months to June 30 compared to $24.7 billion for the same period of 2019. The results are in line with analysts&#8217; expectations but stand in contrast to the losses reported by its rival energy giants, which are reeling from a drop in oil demand since the start of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-367185","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367185"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367185\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}