Last quote by Fareed Mohamedi
They're willing to sacrifice to themselves, but their refinery went out to buy other crude which also helped tighten up the market.feedback
Nov 11 2017
This page is completely dedicated to what Fareed Mohamedi has to say. All of Fareed Mohamedi’s quotes are organized here by date and topic. The most recent quote attributed to Fareed Mohamedi came from an article called Aramco listing reshapes Saudi Arabia's OPEC oil policy: “Aramco is the instrument used to manage the market even though its not involved in making the policy.”.
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Quotes by Fareed Mohamedi
Sep 28 2017
Aramco is the instrument used to manage the market even though its not involved in making the policy.feedback
Sep 10 2017
Based on the Saudi current-account balance, Aramco had revenues of $160 billion last year from just oil and refined products exports when the average price of oil was $43 a barrel. So if the price of oil goes to $70 per barrel, it is not impossible for Aramco to make a top line of $250 billion a year. Given that operational costs of Aramco are one of the lowest in the world, it is not impossible to see them reporting the bottom line or earnings on a huge scale – of $100 billion a year and above.feedback
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