The Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, last week announced an extra output cut of 1.16 million barrels per day from May for the rest of the year.
The declining value of the US dollar aided higher oil prices by making trade more appealing for oil buyers using other currencies.
The energy giant's net income totalled $42.4 billion — up from $30.4 billion during the same period last year — and was "primarily driven by higher crude oil prices and volumes sold".
Aramco can boost its crude oil output to its maximum capacity of 12 million barrels per day if the Saudi government requests.
The state-owned oil producer, which is at par with Apple as the world's most valuable company, reported an almost 82 percent rise in the first-quarter net profit.
The Houthi rebels said the peace initiative could be a lasting commitment if the Saudi-led coalition fighting in Yemen stopped air strikes and lifted port restrictions.
Saudi-led coalition says it has started an operation to "neutralise" targeting oil facilities, affecting security and to protect "global energy sources" from hostile attacks after Yemen's Houthis hit Saudi oil fields in Jeddah.
The Saudi-led coalition says an Aramco petroleum products distribution station in Jeddah was targeted by an attack, but that a fire in two tanks at the oil facility had been brought under control.
Saudi-led coalition has said attacks targeted Aramco's water desalination plant and power station in the southern city of the kingdom, and a gas facility in Khamis Mushait.
Despite Saudi promises to mitigate climate change, the Kingdom thwarts international efforts at collaboration.
Houthi rebels say they targeted Riyadh's energy and military sites with 18 armed drones in fresh attacks as the kingdom reports a strike on a petroleum products distribution station.
Saudi Arabia's move into the golf world will bring accusations of sportswashing, but the real issue is the future of freshwater in one of the world’s driest regions.
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