Saudi Aramco, the state-owned oil company of Middle East Saudi Arabia, which supplies 40% of Japan's imported crude oil, ultimately benefited from April to June this year as international crude oil prices fell against the backdrop of a military invasion of Ukraine. In response to the high price, it increased significantly by 1.9 times compared to the same period of the previous year.

Saudi Arabia's state-owned oil company Saudi Aramco announced its financial results for the period from April to June on the 14th.

As a result, the final profit was 48.4 billion dollars, or approximately 6.4 trillion yen in Japanese yen, a significant increase of 1.9 times compared to the same period of the previous year.

In the international crude oil market, prices remained high due to supply instability and other factors following Russia's military invasion of Ukraine. He explains that this has led to good performance.

However, in the New York crude oil market in the United States this month, the futures price, which is a benchmark for international crude oil trading, temporarily fell to Russia, against the backdrop of a growing view that the demand for crude oil will decline due to the economic slowdown in China, Europe and the United States. There are signs of a decline in prices, such as the price dropping below $90 per barrel for the first time since the military invasion.