Question

establish your prediction regards price of oil and gas of saudi aramco company??? ​

Answer 1

Answer:

Prediction can be changed.

Explanation:

Saudi Aramco is the biggest Oil co. in the world. Any change in the crude oil prices will directly impact the company which will cause turbulence in Oil prices and stock markets. As happened previously the Yemeni Rebellions attacked Saudi's Aramco's crude processing factory which caused a high price jump in oil per barrel and the stock market of the OPEC nations viz. Us, Russia, Kuwait, Saudi Arabia and Non-OPEC countries also crashed and millions of dollars were wiped out from the market. After Saudi's assurance that the regular supply will not be halted the stock markets recovered some of their losses. In the COVID-19 pandemic, due to extreme low demand of crude oil, the cost of per crude per barrel went down a lowest of 15$ per barrel. This was due to low demand, increased supply and uniting of Kuwait, USA and Saudi Arabia against Russian decision of contracting the crude supply for the domination of Russia in OPEC cartel. Tensions also arose when Saudi decided to increase price of crudes so as to increase it's profit in the time of pandemic.