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Saudi Arabia’s Oil Exports Fall 65% in May

A.F 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.

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