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Oil giant Aramco reported a 24.7 percent decline in profits in 2023 compared to the previous year, as a result of lower oil prices and production cuts.
![Saudi oil strategy [MediaNews Group/OCR/Getty]](/sites/default/files/styles/image_156x88/public/media/images/927BAD5D-26AC-4992-B3B7-169946950067.jpg?h=d1cb525d&itok=Xgjd1J6g "Saudi oil strategy [MediaNews Group/OCR/Getty]")
