Saudi Oil Revenue To Surge 66% To $249 Billion On High Prices ...Middle East

Saudi Arabia is expected to see its oil revenues surge by 66 percent this year to around $249 billion on the back of higher oil prices and rising oil production as part of the OPEC+ agreement, Riyadh-based Jadwa Investment said on Wednesday. "As oil prices remain elevated, and Saudi crude oil production rises in line with the Opec+ agreement, we expect government oil revenue to continue showing sizeable yearly rises," Asad Khan, chief economist and head of research at Jadwa Investment, wrote in a research note carried by The National. Oil prices…

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