Saudi Arabia's oil export revenues fall to 3-year low

12:19 - 23.08.2024


August 23, Fineko/abc.az. Saudi Arabia's revenues from oil exports have fallen to the lowest level in three years due to declining prices and the kingdom's decision to cut production.

According to ABC.AZ, data from the country's main statistical agency shows that revenue from crude oil and refined petroleum product exports in June fell to $17.7 billion. This is 9% less than last year and about 12% less than in May.