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The time: Due to the oil war with Russia, Saudi Aramco has lost more than 20 percent profit

The time: Due to the oil war with Russia, Saudi Aramco has lost more than 20 percent profit
In the German media published materials, related to the situation on the oil market. Major publication Die Zeit writes, Saudi Arabia tried to declare oil war Russia, but at the moment it all comes down to the fact, that "the war she declared herself".

The article in the pages of the German newspaper reported, that recently the company Saudi Aramco has lost 20,6 percent of its profits. Such a fall in the largest Saudi oil company was a few years. By the fall brought more famous and missile attack on its oil refineries, responsibility for which have undertaken Huthis.

from the article:

Saudi oil company suffers from a price war with Russia. The situation worsened even after the fall of the profit for the 2019 goda.Togda Energy Company, which is 98 percent owned by the Saudi government, I lost about 23 billion profit.
celebrated, that the shares of Saudi companies from the date of its release for sale have lost 29% the cost. To date, the cost of Saudi oil giant is 1,55 trillion dollars, and despite the fact that immediately after the start of trading value was 1,88 trillion.

German journalists write, that radically redefines due to the latest developments the Saudi company investments 2021 year.

Here are a few comments of German users, made to this publication:

Do oil companies really tough times. If the price is too high, oil will no longer compete with the renewable sources of energy, and if it is too low, business will become unprofitable.
Good news, but not for Aramco and its partners, of course.
Putin does it right: Saudis bleed, and US-getters of fear for their survival.

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