Saudi oil exports rise 10.6% to $115.8B
Saudi Arabia's petroleum exports increased by 10.64% in the first half of 2026, reaching $115.84 billion, supported by a 23.4% rise in the average Brent crude price amid the Strait of Hormuz crisis, despite a decline in production to approximately 5.1 million barrels per day. Conversely, non-oil exports fell by 8.8% to $25.53 billion, leading to an overall export value of $160.97 billion, up 7.34% compared to the previous year.
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