Open Demo Account
Home / Market Update / Commodities / Saudi Arabia’s Oil Exports Fall 65% in May

Saudi Arabia’s Oil Exports Fall 65% in May

Adel 23 July, 2020 11:21 am Commodities, Market Update

Citing official data, Reuters reported that oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.

In the face of the falling oil exports and its revenue, Saudi’s Finance Minister Mohammad Aljadaan said at a video forum hosted by Bloomberg on Tuesday; the Kingdom plans to put up for privatization state-held assets in the healthcare, education, and water utility sectors to raise money.

Tags

Check Also

Gold Surges from Year-to-Date Lows as Tensions Ease in the Middle East

Gold rebounded sharply on Monday, recovering from a steep decline that had pushed prices to …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends