2020-06-25 13:50:00
SAUDI OIL EXPORTS DOWN $12 BLN
REUTERS - JUNE 25, 2020- The value of Saudi Arabia's oil exports dropped by 65.4% in April when compared to the same month a year earlier, or a fall of about $12 billion, official data showed on Thursday.
Compared to March, total exports - including non-oil exports of goods such as chemicals and plastics - decreased by 23.5%, or about $3 billion, the General Authority for Statistics said.
Amid a drop in demand and oil prices, in the first quarter the value of Saudi Arabia's oil exports plunged by 21.9% year on year to $40 billion, corresponding to a decline of about $11 billion, official data showed earlier this month.
The world's largest oil exporter could see its economy shrink by 6.8% this year, the International Monetary Fund said this week.
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Earlier:
2020, June, 23, 14:25:00
SAUDI ARABIA, KUWAIT ARE WORKING
"Saudi Arabian Chevron (SAC) and its partner, Kuwait Gulf Oil Co., continue to prepare its operations at the Wafra field,"
2020, June, 17, 12:45:00
SAUDI ARABIA: THE TOP
Saudi Arabia exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.
2020, June, 8, 13:35:00
SAUDI ARABIA REVENUE DOWN 20%
Saudi Arabia's total oil export revenue for Q1 was Riyal 149.95 billion, down from Riyal 192.03 billion for the same quarter the previous year.
