RIYADH | SAUDI ARABIA – The value of Saudi Arabia’s oil exports dropped by 65.4% in April when compared to the same month a year earlier, or a fall of about $12 billion, official data showed on Thursday.
Compared to March, total exports – including non-oil exports of goods such as chemicals and plastics – decreased by 23.5%, or about $3 billion, the General Authority for Statistics said.
Amid a drop in demand and oil prices, in the first quarter the value of Saudi Arabia’s oil exports plunged by 21.9% year on year to $40 billion, corresponding to a decline of about $11 billion, official data showed.
An explosion damaged a Greek-managed tanker at a Saudi Arabian terminal on the Red Sea just north of the Yemeni border, the ship’s manager said on Wednesday, in an attack confirmed by Saudi Arabia. In a statement published by state media, the Saudi-led coalition fighting the Houthis in Yemen said a commercial vessel suffered minor … Continue reading BUSINESS | Oil Tanker Hit By Blast At Saudi Terminal, Saudi Arabia Confirms
The United Arab Emirates has stopped issuing new visas to citizens of 13 mostly Muslim – majority countries, including Iran, Syria, Afghanistan and Pakistan, according to a document issued by a state-owned business park. A source briefed on the matter told Reuters that visas had temporarily stopped being issued to Afghan, Pakistan and citizens of … Continue reading TRAVEL | UAE Halts New Visas To Citizens Of 13 Mostly Muslim States
Russian President Vladimir Putin has thanked Saudi Arabia’s King Salman for the ‘active and joint cooperation’ in OPEC+. Putin said Russia and Saudi Arabia are actively cooperating in the alliance of the world’s largest oil exporters to ensure the stability of global energy markets, Saudi Press Agency reported on Wednesday. Putin’s remarks were made during … Continue reading BREAKING NEWS | Putin Thanks Saudi King Salman Over Russia OPEC+ Role