Page 6 - Ali Nizar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Saudi Arabia’s exports fell by more than a quarter in November compared with a year ago, driven by another drop in oil demand. Total revenue was 58.2 billion riyals ($15.5 billion), down from 80.8 billion riyals a year earlier, according to a statement from the General Authority for Statistics. Oil exports fell 39.8 per cent during the month. Meanwhile, Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude. OPEC’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy head of SOMO. That would be the lowest level since 2015 and compares with around 3.85 million in December, according to data compiled by Bloomberg.

Saudi arabiaAli nizarAuthority for statisticsOrganization of petroleum exporting countriesGeneral authorityKurdistan regional governmentPetroleum exporting countriesசவுதி அரேபியாஅலி நிசார்அதிகாரம் க்கு புள்ளிவிவரங்கள்ஆர்கநைஸேஶந் ஆஃப் பெட்ரோலியம் ஏற்றுமதி நாடுகள்ஜநரல் அதிகாரம்பெட்ரோலியம் ஏற்றுமதி நாடுகள்