AlwaysFree: Saudi Arabia’s June Oil Exports Down By $8.7 Billion

The Saudi Arabia’s value of oil exports in June decreased 55% compared year-on-year, showing a decline of $8.7 billion. The General Authority for Statistics said that compared with May, the total exports of oil and non-oil exports including plastics and chemical, had grown $1.86 billion or by 19.1%. Saudi Arabia, the country with the world's largest oil exporter, has been enduring a deep recession this year in reason of the lower oil revenue along with the coronavirus-induced crisis. Saudi oil exports in May have dropped by nearly $12 billion in year-on-year comparison.