Saudi Arabia’s oil revenue falls to lowest since February
by Bloomberg Dec 22, 2022
Saudi Arabia’s revenue from exports of crude oil and products such as diesel fell to $25.5 billion in October, the kingdom’s statistics office said on Thursday. It’s the lowest figure since February, reflecting how a weakening global economy and high inflation have hit the oil market. Still, petrodollar inflows remain near historical highs for Saudi Arabia and it’s on track this year to match or beat the record $337 billion it made in 2012.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
Higher blending targets drive RIN prices close to record highs
View Article
WinGD powers delivery of world’s first ocean-going ammonia-fueled vessel, ANTWERPEN, to EXMAR
View ArticleUTC Overseas introduces new BESS Group
The Executive Management Team at UTC Overseas is proud to announce the formation of its new global BESS (Battery Energy Storage Systems) Group, a strategic initiative designed to support the…
View Article
DOT celebrates historic $5 billion investment in nation’s first waterborne LNG export facility
View Article
Red Sea vs Arabian Gulf: Comparing the fixing activity behind the barrels | Signal Ocean Market Insights Oil
View Article
Vessel design approval simplifies Rotor Sail integration on medium-range tankers
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
![[Freightos Weekly Update] Ocean rates climbing, with more increases expected soon](https://www.ajot.com/images/uploads/article/_thumbs/Support_grows_for_India%E2%80%99s_new_maritime_CCTV_rules.jpg)
![[Freightos Weekly Update] Container rates starting to spike on peak season rush](https://www.ajot.com/images/uploads/article/_thumbs/LB_stacked_containers.JPG)
