Saudi oil exports down 62%

0 11

FEED THE POOR

Feeding the poor and needy is an act that draws us closer to Allah. We earn His forgiveness, mercies and blessings through this act of charity.

“Anyone who looks after and works for a widow and a poor person is like a warrior fighting for Allah?s cause, or like a person who fasts during the day and prays all night. (Bukhari)

YOU MIGHT ALSO LIKE

Saudi Arabia’s oil exports declined 62 per cent in the second quarter of 2020, the state-run Saudi General Authority for Statistics announced yesterday.

In an official statement, the authority said that the kingdom’s oil exports amounted to some 74.8 billion riyals ($19.9 billion) during the second quarter of this year.

Crude exports from Saudi Arabia, the world’s largest oil exporter, have continued to decline as global demand dropped as a result of the novel coronavirus.

Reuters said on Tuesday that the kingdom’s annual inflation rate had reached 6.1 per cent in July, up from only 0.5 per cent the month before.

The Organisation of Petroleum Exporting Countries (OPEC) and its allies, dubbed OPEC+, have cut output by an unprecedented 9.7 million barrels per day, equivalent to ten per cent of the global supply.

READ: Israel, Saudi discuss building pipeline to connect nations 

Support Islam Religion Guardian
At the present time, we are running on very limited funds. In order for us to run Islam Religion Guardian service efficiently, we are in need of your generous support.

Middle East Monitor

Subscribe to our newsletter
Sign up here to get the latest news, updates delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy