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05 August 2026. Oil Boom for Aramco
Saudi Aramco reported a 33 per cent jump in quarterly profit after oil prices surged above $100 a barrel during the disruption in the Strait of Hormuz. Amena Bakr, Head of Middle East Research at Kpler, unpacks the numbers and tells us what drove the rise in earnings, what it means for energy markets, the Gulf economy and consumers, and whether the market is returning to normal. Meanwhile, ADNOC Distribution posted record first-half earnings as fuel demand remained strong across the region. CFO Ali Siddiqi joins the Business Breakfast to discuss what is driving the company’s next phase…
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