Aramco Beats Output Plunge with Record Crude Premium

Saudi Aramco has managed to keep its second-quarter adjusted earnings steady despite a significant decline in crude oil production. According to recent reports, the company's output fell by nearly 3 million barrels per day from the previous quarter.

However, the state-owned oil giant was able to offset this loss with a record high premium for its crude exports. This development is expected to be a welcome relief for Aramco as it navigates the challenges of a volatile energy market.