The firm Saudi Aramco earns much money. The profit grows by 25 percent. This is over 32 billion dollars. The firm belongs to the state Saudi-Arabia.
A war with Iran happens now. Ships cannot cross the Strait of Hormuz. Iran blocks the way there. This is bad for the oil market.
Saudi Aramco uses a new path now. This is the East-West-Pipeline. It carries the oil to the Red Sea. The firm sells the oil this way.
Amin Nasser is the boss of the firm. He says: The world lacks much oil. It is about 1 billion barrels of oil. A barrel is 159 liters.
The oil price is very high now. The war causes this high price. One barrel costs about 100 dollars. This is 40 percent more than before.
The market needs much time for recovery. The war ends one day. But it takes time until the year 2027.
