Saudi Aramco’s Profit Jumps 90 Percent on High Oil Prices

Saudi Aramco, the giant oil producer, said on Sunday that its second-quarter profit jumped 90 percent over the same period a year ago, reaching

. It is the latest energy producer to report bumper earnings on the back of a surge in the price of oil.

Aramco, the national oil company for Saudi Arabia, said its earnings reflected increased demand for crude and higher refining profits. And the state-run company predicted that demand…