The value of Saudi Arabia’s oil exports plunged by 54.8 percent year over year in June, or by US$8.7 billion (32.6 billion Saudi riyals), data from Saudi Arabia’s General Authority for Statistics showed on Wednesday. The Kingdom’s oil exports as a share of its total exports declined from 77.1 percent in June 2019 to 61.9 percent in June this year, according to the General Authority for Statistics. The value of total Saudi exports fell by 43.6 percent in June 2020 compared to June 2019. However, the value of the June 2020…
