SAUDI ARABIA REVENUE DOWN 20%

РЕЙТЕР -

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2018, March, 14, 11:45:00

OIL PRICE: NOT ABOVE $65

REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.

2018, March, 7, 15:00:00

ЦЕНА НЕФТИ: ПОКА ВЫШЕ $65

РЕЙТЕР - К 9.17 МСК фьючерсы на североморскую смесь Brent опустились на 0,85 процента до $65,23 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $62,07 за баррель, что на 0,85 процента ниже предыдущего закрытия.

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2018, March, 7, 14:00:00

OIL PRICES 2018 - 19: $62

EIA - North Sea Brent crude oil spot prices averaged $65 per barrel (b) in February, a decrease of $4/b from the January level and the first month-over-month average decrease since June 2017. EIA forecasts Brent spot prices will average about $62/b in both 2018 and 2019 compared with an average of $54/b in 2017.

2018, March, 5, 11:35:00

ЦЕНА НЕФТИ: ПОКА ВЫШЕ $64

РЕЙТЕР - К 9.28 МСК фьючерсы на североморскую смесь Brent поднялись на 0,33 процента до $64,58 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $61,44 за баррель, что на 0,31 процента выше предыдущего закрытия.

Русский | English

2018, March, 4, 11:30:00

ЦЕНА URALS: $ 65,99

МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – февраля 2018 года составила $ 65,99 за баррель.

2018, February, 27, 14:15:00

ЦЕНА НЕФТИ: ОПЯТЬ ВЫШЕ $67

РЕЙТЕР - К 9.18 МСК фьючерсы на североморскую смесь Brent опустились на 0,15 процента до $67,40 за баррель. Фьючерсные контракты на американскую лёгкую нефть WTI к этому времени торговались у отметки $63,80 за баррель, что на 0,17 процента ниже предыдущего закрытия.

Русский | English

2018, February, 27, 14:05:00

ЦЕНА URALS: $66,26457

МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 января по 14 февраля 2018 года составила $66,26457 за баррель, или $483,7 за тонну.

SAUDI ARABIA REVENUE DOWN 20%

PLATTS - 07 Jun 2020 - Saudi Arabia's export revenue was Riyal 197.84 billion ($52.69 billion) in Q1 2020, down 20.7% from the same quarter in 2019, mainly due to a 21.9% decline in oil export revenue, the kingdom's General Authority for Statistics announced June 7.

Total oil export revenue for Q1 was Riyal 149.95 billion, down from Riyal 192.03 billion for the same quarter the previous year. This is despite forward sales of hydrocarbons mitigating the full impact of the oil price crash on the country's quarterly revenues. Oil still made up 77% of exports, little changed year on year, showing little progress in diversifying the economy.

The entirety of the kingdom's hydrocarbon output is produced by the newly listed Saudi Aramco. During the company's listing on the local Tadawul stock exchange in December, it pledged to distribute $75 billion in dividends annually, through 2024. This amounts to a payment of $18.75 billion per quarter, equal to almost half of the total oil revenue. The kingdom amassed a budget deficit of Riyal 34.107 billion for the quarter. The Ministry of Finance has already announced plans to increase borrowing and tap cash reserves to plug this year's shortfalls.

The country's economy has been severely hit by the coronavirus pandemic and the oil price crash. Saudi Arabia's budget for 2020, announced in December, assumed an oil price of $60/b, and the country's fiscal breakeven price is $80/b, according to the International Monetary Fund. The Brent front-month contract was recently priced at $42.30/b.

The kingdom's export volumes are limited by its commitments to the OPEC+ production cuts, in an agreement intended to counteract plummeting demand caused by the coronavirus pandemic and to steady the market.

On June 6, the 23 members of the OPEC+ alliance renewed their April agreement to reduce production by 9.6 million b/d through July. Under the plan, Saudi Arabia is cutting its monthly output by at least 8.5 million b/d, which is down almost 30% from the 12 million b/d it said it was producing in April. The kingdom had previously agreed to institute an additional 1 million b/d in cuts for June but has indicated it would not be willing to continue those curbs in July.

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Tags: SAUDI, ARABIA, ARAMCO