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FINANCIAL NEWS
Saudi Arabia’s oil exports hit USD175.17b in H1
15 Aug 2014
(MENAFN) Saudi Arabia’s oil exports proceeding reached USD175.17 billion in the January-July period with 1.6 billion barrels being sold, Arab News reported.
During the cited period, domestic oil consumption is expected to be nearly 475 million barrels, equating to 23 percent of the total output.
Meanwhile, the global demand for oil is expected to remain strong for the rest of the year due to the geopolitical turmoil, especially in the MENA region and Eurasia.
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