The final profit of Saudi Aramco, one of the world's largest oil companies, for the past year decreased by 44% compared to the previous year due to the drop in crude oil demand due to the spread of the new coronavirus infection.
Saudi Aramco, the state-owned oil company of Saudi Arabia in the Middle East, announced its financial results for the last year on the 21st.
According to this, the final profit was 49 billion dollars, 5.3 trillion yen in Japanese yen, which was 44 compared to the previous year due to the impact of the decline in crude oil demand due to the worldwide spread of the new coronavirus. % Decreased.
"It's been one of the toughest years in recent years," Nacelle said in a statement, while "demand is recovering in Asia and there are positive signs in other regions." Showed hope for a recovery.
OPEC (Organization of Petroleum Exporting Countries) led by Saudi Arabia has been supporting crude oil prices by cooperating with Russia and others since May last year to reduce production, but international crude oil prices have recovered. Expectations for this have already risen to the level before the spread of the infection, leading to an increase in the retail price of regular gasoline in Japan.
Major oil-producing countries such as Saudi Arabia are planning to hold a meeting to decide future production volume next month, and the focus will be on how to judge demand trends and take steps to increase production.