Saudi Arabia's Q1 oil-export revenue drops $11 billion as prices tank - Business Insider

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Saudi Arabia's oil-export revenues plunged $11 billion in the first quarter as crude prices tanked

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Saudi Arabia's oil exports dropped by $11 billion in the first three months of 2020, the kingdom's statistics agency said this week.

Saudi Arabia and Russia also waged an oil-price war for several weeks that only ended in April after OPEC and its allies. Lower prices contributed to oil exports making up 75.8% of Saudi Arabia's total exports last quarter, down from 77% a year earlier.

 

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This is the lowest, Saudi must find none oil income sources

They’re not happy with China now

Always be thankful for the bad things in life. They open your eyes to see the good things you weren't paying attention to before.

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