Saudi Oil Export Revenues Hit Three-Year Low as Prices Decline ...Middle East

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Saudi Oil Export Revenues Hit Three-Year Low as Prices Decline
source : OILPRICE ( Middle East ) () 103
Lower crude oil prices dragged Saudi Arabia’s oil export revenues to the lowest level in more than three years in August, amid underwhelming oil demand and continued supply constraints from the world’s top crude exporter. The value of Saudi Arabia’s oil exports in August 2024 stood at $17.4 billion (65.3 billion Saudi riyals), down by 15.5% from $20.6 billion (77.3 billion riyals) in August 2023, data from the Kingdom’s General Authority for Statistics showed on Thursday. The August 2024 oil export revenues also fell by…

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