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USAI - Saudi Aramco's Recent Earnings Highlight Weakening Power Over The Oil Markets
November, 09 2020 05:23 PM
American Energy Independence
Saudi Aramco recently announced its latest earnings, highlighting that the company isn't close to paying its dividend. Saudi Arabia has a massive deficit in addition to this unaffordable dividend. This is a strong indication for oil prices. We expect Saudi Arabia to do what it can to support oil prices going forward, supporting U.S.-based energy investors. For further details see:
Saudi Aramco's Recent Earnings Highlight Weakening Power Over The Oil Markets
Stock Information
Company Name:
American Energy Independence
Stock Symbol:
USAI
Market:
NYSE
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