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Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices

Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices

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DUBAI—Saudi Arabia’s national oil company said Sunday that its net income rose more than 80% to record highs in the first quarter of the year, a surge that shows how some of the world’s biggest state-owned energy producers are benefitting from a price boom accelerated by Russia’s invasion of Ukraine. Saudi Arabian Oil Co., known …

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Record Diesel Prices Pressure European Drivers, U.S. Deliveries

Record Diesel Prices Pressure European Drivers, U.S. Deliveries

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An extended surge in diesel prices is challenging Wall Street bets that inflation is easing.  A global shortfall of the fuel—the workhorse for much of the world economy—is straining industries from trucking to farming and adding to the pressure consumers face from higher energy prices. Europe, dependent on imports of Russian diesel that are expected …

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