Price surge: The logo of Aramco at the Plaza Conference Centre in Dhahran, Saudi Arabia. The country, the world’s largest crude exporter, is benefiting as oil rebounds from last year’s slump. — Reuters
RIYADH: The rally in oil prices has all but expunged any likelihood that Saudi Aramco will fail to meet its US$75bil (RM307.5bil) dividend payout next year, according to Bank of America Corp.
Far from missing the payment, the company may even boost it in 2022 as it increases production and benchmark crude prices head back toward US$70 a barrel, the bank said.
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