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Saudi Petrochemical giant SABIC, partly owned by Aramco, posted its third quarterly loss as prices dropped by 27% YoY in the second quarter. CEO Yousef al-Benyan said improvement will depend on how the uncertainty of a second or third wave of COVID-19 will drive demand.

CEO of Saudi Aramco offshoot warns about oil demand after weak Q2

Saudi Petrochemical giant SABIC, partly owned by Aramco, posted its third quarterly loss as prices dropped by 27% YoY in the second quarter. CEO Yousef al-Benyan said improvement will depend on how the uncertainty of a second or third wave of COVID-19 will drive demand.

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