Sunday, September 27, 2020

Saudi’s June oil exports down $8.7 billion year-on-year – Reuters

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FILE Photograph: Shaybah oilfield complicated is found at evening in the Rub’ al-Khali desert, Saudi Arabia, November 14, 2007. REUTERS/ Ali Jarekji

DUBAI (Reuters) – The price of Saudi Arabia’s June oil exports was down 55% 12 months on year, a fall of $eight.7 billion, formal info confirmed on Wednesday.

When compared with Could, whole exports – including non-oil exports of products such as chemicals and plastics – grew by 19.one%, or $1.86 billion, the Standard Authority for Data stated.

Saudi Arabia, the world’s major oil exporter, is experiencing a deep economic downturn this yr amid the coronavirus crisis and lessen oil income.

In May Saudi oil exports fell by approximately $twelve billion 12 months on calendar year.

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