*Saudi oil revenues totaled $28.5bn in August. This was the first month since January 2022 that the figure has dropped below $30bn.

*The drop in revenues came despite gross oil exports hitting a 28-month high 9.004mn b/d for the month. The impact of the additional export volumes was more than offset by a $7/B drop in the price of Brent oil to a six month low of $97.75/B. (CONTINUED - 126 WORDS)