Saudi Aramco conserves capex as profits crash

MOSCOW (MRC) -- Saudi Aramco, the world's biggest oil company, is reducing its capital expenditure spend for 2020 due to the market conditions brought about by the COVID-19 pandemic, yet the company expects global oil demand to recover to 95 million b/d by the end of the year, reported S&P Global with reference to Aramco President and CEO Amin H Nasser's statement in the company's second

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