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Abstract:Saudi Aramco reshuffled its senior management and created a division focused on portfolio optimization as the worlds biggest oil producer adapts to low crude prices and seeks new ways to raise cash.
Saudi Aramco reshuffled its senior management and created a division focused on portfolio optimization as the worlds biggest oil producer adapts to low crude prices and seeks new ways to raise cash. Aramco is adjusting to weaker energy prices as the coronavirus pandemic hammers the global economy, with Brent crude having fallen 32% this year to around $45 a barrel.
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