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09.06.2020 Aramco Daily Analysis

Saudi Aramco started trading at 32.20. It is trading lower with 0.05. It lost its value greatly due to the coronavirus pandemic but is slowly regaining its

Yazar: editor_1

Yayınlanma: 9 Haziran 2020 22:48

Güncellenme: 13 Kasım 2024 20:36

09.06.2020 Aramco Daily Analysis

Saudi Aramco started trading at 32.20. It is trading lower with 0.05. It lost its value greatly due to the coronavirus pandemic but is slowly regaining its traction. OPEC+ had announced production cuts previously in April of 9.7 million BPD. Meanwhile, Saudi Energy Minister Prince Abdulaziz bin Salman announced that they would not continue this in July. This U-turn has had an effect on its investors who have had quite a shock and are still adjusting to the idea.
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