In Dubai, the Saudi oil giant Aramco announced a third-quarter profit of $26.9 billion on Tuesday. This figure represents a slight decrease from the previous year, as global energy prices continue to be impacted by concerns regarding an oversupply of oil in the market.

The company, officially known as the Saudi Arabian Oil Co., disclosed in its report to Riyadh’s Tadawul stock exchange that its total revenue for the third quarter was $111 billion. This is a decline from the $123 billion reported during the same period last year.