# Higher oil prices lift Aramco quarterly profit to $32.5bn despite attacks

- URL: https://talkfuse.com/story/saudi-state-oil-company-reports-jump-in-profits-despite-attacks-australian-central-bank-lifts-rates-business-live/
- Published: 2026-11-03T07:48:18+00:00
- Updated: 2026-11-03T08:12:50+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/live/2026/nov/03/saudi-oil-company-profits-australian-central-bank-rates-brent-crude-crypto-hack-energy-prices-latest-news-updates
- Topics: Art, Business, Companies, Culture, Economy, Markets, Middle East, World

## Key points

- Aramco’s quarterly profit rose by more than a third.
- Brent climbed to $107.15 a barrel after reported strikes on Iran.
- Australia raised rates to 4.85%, but may be nearing a pause.

## Summary

Saudi Aramco reported a sharp rise in quarterly profit despite attacks on energy facilities and reduced output, as higher oil prices helped offset the disruption. The results highlight how conflict and uncertainty are affecting global energy supplies and prices, while also lifting earnings across the oil industry.

Aramco’s net profit was $32.5bn in the three months to September, up from $26.9bn a year earlier. Brent crude rose 2.2% to $107.15 a barrel after reported US strikes on Iran, having fallen 11% the previous day; before the war began on 28 February, it was about $72. Separately, Australia’s central bank raised its cash rate by 0.25 percentage points to 4.85%, an 18-year high and its fifth increase this year, but a close vote suggested hikes may be nearing a pause.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.