Saudi Aramco Q3 net income up 9%, weighs East-West Pipeline expansion

Saudi Aramco reported a 9% rise in adjusted net income for Q3, driven by higher volumes and resilient pricing. The CEO signaled potential expansion of the East-West Pipeline and new export routes, a strategic response to ongoing global supply disruptions. This suggests Saudi Arabia is positioning to capture more market share and enhance export flexibility, which could impact global oil flows and tanker demand.

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