DUBAI, United Arab Emirates—Saudi Arabia’s oil-producing company, Aramco, announced Sunday a net income of around $47 billion for the first half of the year, double what it earned over the same period last year when the coronavirus grounded travel and pummeled global demand for oil. This puts Aramco back squarely where it was before the pandemic struck and sunk earnings to $23.3 billion in the first six months of 2020. Aramco CEO Amin Nasser said the company’s second quarter results “reflect a strong rebound in worldwide energy demand.” “While there is still some uncertainty around the challenges posed by COVID-19 variants, we have shown that we can adapt swiftly and effectively to changing market conditions,” he said. The company also confirmed in its earnings report that its performance in the second quarter of 2021 “was primarily driven by higher crude oil prices.” Benchmark Brent crude oil traded just over $70 …
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