HomeEconomyActivists interacted with a daily report on Saudi Arabia’s...

Activists interacted with a daily report on Saudi Arabia’s oil revenues and called for taking advantage of the golden opportunity.

Activists called on Saudi Arabia to use growth in Saudi oil exports, which cost a billion dollars a day, to serve the interests of the Kingdom and reshape its relationship with the United States.

Activists spread the Bloomberg Agency report on the matter, indicating that Saudi Arabia earns a billion dollars a day from oil exports, due to high prices.

One activist called for using the situation to change the Kingdom’s relationship with the United States, that is, serve the interests of the Kingdom, saying: “Saudi Arabia earns a billion dollars a day from oil, providing opportunity in Riyadh to change its relations. in the United States on its own terms. ”

Activists indicated that the Saudi economy will grow rapidly, amid expectations that it will grow at the highest rate in the G20 countries.

According to a report by the Bloomberg agency, Saudi oil exports reached 30 billion dollars last March (almost one billion dollars a day), the highest level in at least six years. .

The increase in black gold exports from the Kingdom was fueled by rising oil prices and increasing material production. For its part, the Saudi Arabian Bureau of Statistics said the value of crude exports reached one billion dollars per day, up 123% annually.

Kingdom production rose last March to 10.3 million barrels per day, while the average oil price this month was $ 112 per barrel, and prices have jumped about 50% this year, mainly due to impact of the situation in relation to Ukraine and the sanctions. in Russian oil.

Source: CNN + Bloomberg

Source: Arabic RT

- Advertisement -

Worldwide News, Local News in London, Tips & Tricks

- Advertisement -