Saudi Arabia is finally recovering from a disastrous year in 2020, with its oil revenues surpassing pre-pandemic levels A major focus for Saudi Arabia going forward is to retain its dominance across Asian oil markets, particularly as the top exporter to China The oil kingdom is also focusing on expanding its midstream and downstream oil sectors, helping to reduce its reliance on upstream oil and gas After a difficult year during Covid, Saudi Arabia and its oil and gas industry are finally rebounding as global oil demand recovers. Oil revenue in Saudi Arabia is surpassing pre-pandemic levels with oil export revenue achieving its highest levels since 2018 thanks to OPEC+ oil supply cuts sending prices soaring worldwide. With the price of Brent hitting $83.47 a barrel this week, oil producers around the world are celebrating. Saudi Arabia’s oil revenue reached $19 billion in July and the government hopes it […]