I recall an article stating that revenues were up 5% overall for SA
Kappa_Bera_0000 on
No, in reality KSA is probably moving less than half its old total thru the Red Sea. 4.5MBPD. For 50% more than normal. There’s also an increase in overland oil exports via Jordan. So their oil revenues are probably down a quarter. Which along with other derived petroleum products is 3/4 of Saudi exports.
But Saudi is not just an oil export game. They also export Plastics, Chemicals, Fertilizers, Aluminum, Iron, Steel… all heavily impacted by the war. Overall Saudi exports are down by a third.
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I recall an article stating that revenues were up 5% overall for SA
No, in reality KSA is probably moving less than half its old total thru the Red Sea. 4.5MBPD. For 50% more than normal. There’s also an increase in overland oil exports via Jordan. So their oil revenues are probably down a quarter. Which along with other derived petroleum products is 3/4 of Saudi exports.
But Saudi is not just an oil export game. They also export Plastics, Chemicals, Fertilizers, Aluminum, Iron, Steel… all heavily impacted by the war. Overall Saudi exports are down by a third.
Zero.