Even as Saudi Arabia plans to increase oil production from December, its revenue from crude oil exports slumped to a three-year low in August due to low prices. Revenue from the sale of oil and refined products dropped to $17.4 billion in August, down 6% from the previous month, according to the state statistics agency. This is the lowest level of monthly revenue since June 2021. The Kingdom’s economy still very much depends on its oil export revenue even as the country tries to expand its technology, tourism and manufacturing industries. The massive investment required to fuel these ambitious…