Bloomberg How Saudi Aramco Became a $2 Trillion

  • this is where saudi arabia gets its oil-bloomberg
  • this is where saudi arabia gets its oil-bloomberg
  • this is where saudi arabia gets its oil-bloomberg
  • this is where saudi arabia gets its oil-bloomberg

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  • Why did Saudi Arabia's oil export revenues drop in August?
  • 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.
  • How much oil does Saudi Arabia export in 2024?
  • 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.
  • Why did Saudi Arabia's oil prices fall in August 2024?
  • As prices lingered in the low $70s in August, Saudi Arabia’s oil export revenues suffered and so did the Kingdom’s overall merchandise trade exports, the statistics data showed. Merchandise exports fell by 9.8% in August 2024 compared to August 2023, as a result of a 15.5% slump in oil exports.
  • Does Saudi Arabia need oil to balance its 2024 budget?
  • The drop in revenue will be felt in Saudi Arabia, which is tightening purse strings to drive funds into Crown Prince Mohammed bin Salman’s planned mega-projects. The IMF estimates that Saudi Arabia needs oil at $96.20 to balance its 2024 budget.
  • Why did Riyadh close its New York oil office?
  • Last year, Riyadh closed its New York oil office – a sign of the twilight of Saudi crude in America . Thanks to the shale revolution and the rise of the Canadian oil industry, US imports of Saudi crude plunged to their lowest in almost 40 years in 2024, according to Bloomberg Opinion calculations based ...
  • Is Saudi Aramco kicking off the world's largest share sale?
  • Saudi Arabia is home to the world’s biggest crude exporter, pumps from the largest oil field on the planet, and holds the keys to one of the most abundant reserves of black gold globally. Saudi Aramco is initiating what could be the world's largest share sale. Saudi Arabia is known for its vast oil resources.