Aramco pumped more oil but lower prices hurt its top line as crude on average fell to $66.7 a barrel from $76.3 earlier this year.

Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.Second-quarter profits slid 22 percent year-on-year to 85 billion riyals ($22.

Saudi Aramco reported a 20% decline in second-quarter earnings due to lower oil prices and increased operating costs, despite rising production volumes.