Oil
Oil activities expanded by 0.3 percent year-on-year, while non-oil activities experienced a notable growth of 4.2 percentÂ
Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July
Seasonally adjusted real GDP rose by 1.4 percent compared to the first quarter of 2024
The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment
Brent crude to average $84 per barrel in 2024, broadly in line with the average over the last 18 months
Domestic non-oil exports, excluding re-exports, rose by 1.4 percent
Nasser foresees resilient oil fundamentals despite price decline, sees demand growth of 1.6-2 million bpd
Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent
Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter
Domestic institutional investors now hold around 0.89 percent of the company's shares
The banks on the Aramco offering will take institutional orders until Thursday and will set the price of the shares the following day
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Brent oil futures for July delivery held steady at $83.61 per barrel
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
The total value of commodity exports stood at $77.77 billion
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
