Exports of petroleum products took a hit in November, weighed down by sluggish demand in developed economies, a rise in domestic consumption and a significant decline in cheap petroleum imports from Russia.
During the April-to-November period, petroleum product exports amounted to $44.61 billion, a sharp drop from $55.02 billion in the same period last year, according to data from the ministry of commerce and industries.
These exports stood at $3.72 billion in November, down from $7.39 billion in the year-ago period.
Experts also attribute the downturn to softening demand in key markets and logistical disruptions along major supply routes, particularly in the Red Sea.
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هذه القصة مأخوذة من طبعة January 02, 2025 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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