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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