1. Saudi Aramco Debt Becomes New Reality as Revenues Dip – Saudi Aramco reported a free cash flow of $21.99 billion in Q3 2024, suggesting that the world’s largest oil producer may have been pushed into a net debt position for the first time in two years. – Even though Saudi Aramco’s net income fell by 15% year-over-year to $27.6 billion, the state oil firm kept its $31 billion dividends intact as Riyadh uses hard-earned oil income to finance its ambitious diversification drive. – Speculation is rife that OPEC+ could extend its current…
