Saudi Aramco profits dive in third quarter

Energy giant Saudi Aramco on Tuesday posted a 44.6% slump in third-quarter profit, as the coronavirus pandemic weighs heavily on the global demand for crude oil. The behemoth, the world’s most valuable listed company, posted a net profit of 44.21 billion Saudi riyals (US$11.79 billion), compared to $21.3 billion in the same period last year. […]