RBC Analyst Says Saudi Aramco Results Solid as Production Rebounds
RBC Capital Markets analyst Biraj Borkhataria says quarterly production rebounded to around 11 million barrels of oil equivalent a day, partly offset by weaker oil prices.
Saudi Aramco's results were solid in a challenging environment, RBC Capital Markets analyst Biraj Borkhataria writes. Rebounding production hit around 11 million barrels of oil equivalent a day over the quarter but the results were partially offset by weaker oil prices, he says. While there are nea…