Saudi Arabia Is Now Making $1B From Oil Exports Every Day

Saudi oil production hit 10.3 million barrels in April. Photo credit should read MARWAN NAAMANI/AFP

Rigzone/Bloomberg: Saudi Arabia Making $1B From Oil Exports Every Day

Saudi Arabia’s oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production.

The value of crude exports, now almost $1 billion a day, increased by 123% year on year, the kingdom’s statistics office said.

Saudi Arabia’s crude production rose to 10.3 million barrels a day in March, with Brent oil prices averaging $112 a barrel. Prices have jumped almost 50% this year, mostly due to the fallout of Russia’s invasion of Ukraine.

The higher revenues helped the kingdom post a 57.5 billion riyal ($15 billion) budget surplus between January and March. It will be one of the fastest-growing large economies in the world this year, according to the International Monetary Fund.

Read more ....

Update #1: Saudi Arabia oil exports soared to the most since 2016 in Q1 thanks crude prices above $100 a barrel and higher production (Insider)

Update #2: Saudi Arabia Tucks Away Billions in Oil Money for Next Year (Bloomberg)

WNU Editor: I would not be surprised if they will be making more per day in the coming months as oil prices continue to rise.

from War News Updates https://ift.tt/sB0Qctp
via IFTTT

Comments

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT

Tonight's Movie Is 'Decision Before Dawn' (1951)

From Wikipedia: Decision Before Dawn is a 1951 American war film directed by Anatole Litvak, starring Richard Basehart, Oskar Werner, and Hans Christian Blech. It tells the story of the American Army's using potentially unreliable German prisoners of war to gather intelligence in the closing days of World War II. Read more .... from War News Updates https://ift.tt/2QzrYGK via IFTTT

US Vice-President Kamala Harris Ends Her 5-Day Trip To France

Daily Mail: Kamala Harris says she 'remains very concerned' about potential Russian invasion of Ukraine - and then shows reporters the pots and skillets she just bought in Paris * While in Paris, Harris said she 'remains concerned' about Russia days after saying she's worried about their military amid tense immigrant crisis in Belarus * She said on Saturday - her last day in Paris - that the five-day trip is about 'making clear the long-standing relationship' between the US and France * Earlier this week, Harris was mocked for appearing to use a French accent while visiting the Institut Pasteur science lab * Meanwhile, the entire Biden administration appears to have growing fears of an imminent conflict in Eastern Europe * Harris said the 'eyes of the world' are on the Belarus border as Russia and Belarus carry out snap military drills where a migrant crisis is on Poland's border * Belarus said the drill was in response to the ...

MTQ News

Search This Blog