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Saudi oil giant Aramco sees 25% jump in Q1 profit after shifting exports from Strait of Hormuz - AP News
Overview
Aramco reported a 25% jump in first-quarter profit after shifting some exports onto its East–West pipeline to avoid disruptions in the Strait of Hormuz. The rerouting helped sustain shipments amid tight global crude supplies and contributed to higher oil prices. The result shows how shipping disruptions are translating into stronger earnings for producers able to use alternative export routes.
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ORGAP NewsORGSaudi AramcoORGAramco
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