How Much Money Has #SaudiArabia Lost From Oil-Price War? - Bloomberg

How Much Money Has Saudi Arabia Lost From Oil-Price War? - Bloomberg:

Oil prices fell so much in April that even with record volumes of exports, Saudi Arabia’s earnings from crude plunged 65% from a year earlier. Brent has risen almost 60% since the beginning of May to around $40 a barrel, but that’s in large part because the kingdom and other major producers such as Russia have cut supplies. That means Saudi finances are unlikely to get a major boost soon.