The Aramco profit dip is a signal that even the lowest-cost producer isn't immune to price pressue. When the company with the best margins in the industry struggles to grow earnings, it suggests the broader oil sector is facing real headwinds beyond just cyclical demand softness. The bearish oil sentiment you're noting makes sense given this context.
The Aramco profit dip is a signal that even the lowest-cost producer isn't immune to price pressue. When the company with the best margins in the industry struggles to grow earnings, it suggests the broader oil sector is facing real headwinds beyond just cyclical demand softness. The bearish oil sentiment you're noting makes sense given this context.
Yes, exactly. That’s a sharp observation.