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Pipeline shutdown and Houthi push toward Bab Al Mandab tighten squeeze on Saudi oil exports
The Houthis reached Perim and Hanish islands and the coastal towns of Mocha and Dhubab
Trade surplus falls 10% in June as oil exports slip
Saudi trade surplus contracted as Red Sea rerouting added to export costs
THIS MORNING: Saudi crude exports to US hit zero in July for first time since 1985
Houthi threats against Red Sea ports were behind the dip, blocking the Kingdom’s western bypass to Hormuz, hampering both crude…
Oil exports drove a 329% trade surplus surge in May while non-oil trade contracted
A headline surplus driven by oil prices and constrained imports rather than broad-based trade growth
Oil exports drive a 100% trade surplus jump in April
Total merchandise exports climbed 9.3% y-o-y, while imports slid 5.2%
Oil recovery + re-exports boom fuel trade surplus in October
Oil exports rose 4% during the month
Saudi slides down in WTO’s merchandise export ranking
Exports reached USD 305 bn, exceeding imports valued at USD 232 bn.
Sama cuts interest rates in line with the Fed + United Carton Industries gets IPO green light
PLUS: Riyadh Season World Masters of Snooker quarterfinals begin today
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