Saudi Aramco posts drop in quarterly revenues amid lower crude, oil products prices
1. Saudi Aramco's Q2 revenues fell due to lower oil prices. 2. Adjusted net income reached $24.5 billion, exceeding forecasts. 3. Anticipated oil demand in H2 2025 to rise significantly. 4. Saudi oil output is set to increase post-cut unwinding. 5. Aramco's dividend slashed, impacting investor returns for 2025.